Plymouth Industrial REIT Management
Management criteria checks 2/4
Plymouth Industrial REIT's CEO is Jeff Witherell, appointed in Mar 2011, has a tenure of 12.5 years. total yearly compensation is $2.21M, comprised of 22.7% salary and 77.3% bonuses, including company stock and options. directly owns 0.48% of the company’s shares, worth $4.81M. The average tenure of the management team and the board of directors is 1.6 years and 6.3 years respectively.
Key information
Jeff Witherell
Chief executive officer
US$2.2m
Total compensation
| CEO salary percentage | 22.7% |
| CEO tenure | 12.5yrs |
| CEO ownership | 0.5% |
| Management average tenure | 1.6yrs |
| Board average tenure | 6.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2023 | n/a | n/a | -US$20m |
| Mar 31 2023 | n/a | n/a | -US$23m |
| Dec 31 2022 | US$2m | US$500k | -US$27m |
| Sep 30 2022 | n/a | n/a | -US$30m |
| Jun 30 2022 | n/a | n/a | -US$29m |
| Mar 31 2022 | n/a | n/a | -US$30m |
| Dec 31 2021 | US$2m | US$500k | -US$29m |
| Sep 30 2021 | n/a | n/a | -US$27m |
| Jun 30 2021 | n/a | n/a | -US$27m |
| Mar 31 2021 | n/a | n/a | -US$27m |
| Dec 31 2020 | US$1m | US$500k | -US$28m |
| Sep 30 2020 | n/a | n/a | -US$28m |
| Jun 30 2020 | n/a | n/a | -US$27m |
| Mar 31 2020 | n/a | n/a | -US$26m |
| Dec 31 2019 | US$851k | US$329k | -US$25m |
| Sep 30 2019 | n/a | n/a | -US$24m |
| Jun 30 2019 | n/a | n/a | -US$23m |
| Mar 31 2019 | n/a | n/a | -US$25m |
| Dec 31 2018 | US$503k | US$300k | -US$23m |
| Sep 30 2018 | n/a | n/a | -US$23m |
| Jun 30 2018 | n/a | n/a | -US$21m |
| Mar 31 2018 | n/a | n/a | -US$14m |
| Dec 31 2017 | US$1m | US$300k | -US$10m |
| Sep 30 2017 | n/a | n/a | -US$4m |
| Jun 30 2017 | n/a | n/a | -US$13m |
| Mar 31 2017 | n/a | n/a | -US$23m |
| Dec 31 2016 | US$302k | US$300k | -US$37m |
Compensation vs Market: Jeff's total compensation ($USD2.21M) is below average for companies of similar size in the US market ($USD3.42M).
Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.
CEO
Jeff Witherell (58 yo)
12.5yrs
Tenure
US$2,206,580
Compensation
Mr. Jeffrey Earle Witherell, also known as Jeff, served as the Chief Executive Officer and President of Plymouth Realty Capital Corp. until November 28, 2018 and served as its Director since July 31, 2013...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 12.5yrs | US$2.21m | 0.48% $ 4.8m | |
| Executive VP & CFO | 1.6yrs | US$1.02m | 0.082% $ 830.4k | |
| Executive Vice President of Asset Management | 12.3yrs | US$816.23k | 0.14% $ 1.4m | |
| Senior VP & Chief Accounting Officer | no data | no data | no data | |
| Senior VP | 12.5yrs | no data | no data | |
| Senior Vice President of Corporate Development | less than a year | no data | no data | |
| Senior VP & Head of Acquisitions | less than a year | no data | no data | |
| Senior Vice President of Asset Management | less than a year | no data | no data |
1.6yrs
Average Tenure
58yo
Average Age
Experienced Management: PLYM.PRA's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 12.5yrs | US$2.21m | 0.48% $ 4.8m | |
| Independent Director | 2.7yrs | US$84.99k | 0.072% $ 723.9k | |
| Lead Independent Director | 6.3yrs | US$92.49k | 0.049% $ 494.1k | |
| Independent Director | 6.3yrs | US$87.49k | 0.077% $ 779.9k | |
| Independent Director | 6.3yrs | US$84.99k | 0.048% $ 483.2k | |
| Director | 12.5yrs | US$904.26k | 0.27% $ 2.7m | |
| Independent Director | 2.4yrs | US$79.99k | 0.014% $ 145.6k |
6.3yrs
Average Tenure
67yo
Average Age
Experienced Board: PLYM.PRA's board of directors are considered experienced (6.3 years average tenure).