Sotherly Hotels Chairman Andrew Sims' 2022 pay rises 5% to $741K
Sotherly Hotels reports 2022 executive compensation
By ExecPay News
Published: March 30, 2023
Sotherly Hotels reported fiscal year 2022 executive compensation information on March 30, 2023.
In 2022, three executives at Sotherly Hotels received on average a compensation package of $663K, a 2% increase compared to previous year.
Average pay of disclosed executives at Sotherly Hotels
Andrew M. Sims, Chairman, received $741K in total, which increased by 5% compared to 2021. 69% of Sims' compensation, or $508K, was in salary. Sims also received $165K in bonus and $68K in other compensation.
For fiscal year 2022, the median employee pay was $280,945 at Sotherly Hotels. Therefore, the ratio of Andrew M. Sims' pay to the median employee pay was 3 to one.
David. R. Folsom, Chief Executive Officer, received a compensation package of $732K, which is about the same as previous year. 69% of the compensation package, or $503K, was in salary.
Anthony E. Domalski, Chief Financial Officer, earned $516K in 2022, a 2% increase compared to previous year.
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Source: SEC filing on March 30, 2023.