Sotherly Hotels CEO David Folsom's 2020 pay jumps 56% to $944K
Sotherly Hotels reports 2020 executive compensation
By ExecPay News
Published: March 31, 2021
Sotherly Hotels reported fiscal year 2020 executive compensation information on March 31, 2021.
In 2020, three executives at Sotherly Hotels received on average a compensation package of $719K, a 9% increase compared to previous year.
Average pay of disclosed executives at Sotherly Hotels
David. R. Folsom, Chief Executive Officer, received $944K in total, which increased by 56% compared to 2019. 46% of Folsom's compensation, or $439K, was in salary. Folsom also received $422K in stock awards and $83K in other compensation.
For fiscal year 2020, the median employee pay was $179,520 at Sotherly Hotels. Therefore, the ratio of David. R. Folsom's pay to the median employee pay was 5 to one.
Andrew M. Sims, Chairman, received a compensation package of $719K, which decreased by 17% compared to previous year. 62% of the compensation package, or $444K, was in salary.
Anthony E. Domalski, Chief Financial Officer, earned $495K in 2020, a 2% decrease compared to previous year.
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Source: SEC filing on March 31, 2021.