Real Estate
Plymouth Industrial REIT Executive Compensation (FY24)
PLYM · Boston, MA · Executive and director compensation, fiscal 2022 to 2024
Chief executive, fiscal 2024 ◇ Jeffrey Witherell | Latest say-on-pay support = June 12, 2025 |
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Data as of October 17, 2026Latest filing (8-K): June 16, 2025
7 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
Velarion Member, one year
133 figures on this page: 129 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Jeffrey Witherell: $3,164,845 → $3,108,503 (1.8% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Plymouth Industrial REIT's chief executive and what were they paid?
Jeffrey Witherell was paid $3,108,503 in total compensation as Chief Executive Officer for fiscal 2024. Compared with the $3,164,845 reported for fiscal 2023, Witherell's total was 1.8% lower.
What was Plymouth Industrial REIT's say-on-pay result?
Shareholders supported the say-on-pay proposal with 98.4% of votes cast for or against in favor at the meeting held June 12, 2025 for fiscal 2024.
Which companies are in Plymouth Industrial REIT's peer group?
The disclosed peer group includes City Office REIT, Inc., Community Healthcare Trust Incorporated, Four Corners Property Trust, Inc., Getty Realty Corp. and Global Medical REIT Inc., among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Jeffrey Witherell Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Anthony Saladino Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Pendleton White President, Chief Investment Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
James Connolly Executive Vice President/Asset Management | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Jeffrey Witherell Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Anthony Saladino Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Connolly Executive Vice President/Asset Management | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Jeffrey Witherell Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Anthony Saladino Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Connolly Executive Vice President/Asset Management | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Anthony Saladino | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Anthony Saladino | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| James M. Connolly | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| James M. Connolly | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Jeffrey E. Witherell | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jeffrey E. Witherell | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| James Connolly | RSU | ◇ | ◇ | — | — |
| Anthony Saladino | RSU | ◇ | ◇ | — | — |
| Jeffrey Witherell | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
Anthony Saladino
Executive Vice President and Chief Financial Officer · Employment agreement · citing a 2022 filing
| Severance multiple | ◇ |
| Change-in-control trigger | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation | ◇ |
| Non-solicit period | ◇ |
James Connolly
Executive Vice President/Asset Management · Employment agreement
| Severance multiple | ◇ |
Jeffrey Witherell
Chief Executive Officer · Employment agreement
| Severance multiple | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
David G. Gaw Lead independent director | ◇ | ◇ | — | — | — | ◇ | ◇ |
Richard J. DeAgazio | ◇ | ◇ | — | — | — | ◇ | ◇ |
Caitlin Murphy | ◇ | ◇ | — | — | — | ◇ | ◇ |
John W. Guinee | ◇ | ◇ | — | — | — | ◇ | ◇ |
Philip S. Cottone | ◇ | ◇ | — | — | — | ◇ | ◇ |
Jeffrey E. Witherell, Robert O. Stephenson and Pendleton P. White, Jr served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Stock ownership guideline: Adopted stock ownership guidelines in 2025
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- City Office REIT, Inc. CIO
- Community Healthcare Trust Incorporated CHCT
- Four Corners Property Trust, Inc. FCPT
- Getty Realty Corp. GTY
- Global Medical REIT Inc. symbol not shown
- LTC Properties, Inc. LTC
- LXP Industrial Trust LXP
- NETSTREIT Corp. NTST
- One Liberty Properties, Inc. OLP
- Orion Office REIT Inc. ONL
- STAG Industrial, Inc. STAG
- Terreno Realty Corporation TRNO
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2024 | June 12, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | June 27, 2024 | = | ◇ | ◇ | ◇ |
| 2020 | June 10, 2021 | = | ◇ | ◇ | ◇ |
| 2017 | June 29, 2018 | = | ◇ | ◇ | ◇ |
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- Jeffrey Witherell (Chief Executive Officer), FY2024 total compensation $3,108,503 (base salary $643,750) [exec_comp, SEC accession 0001171520-25-000158, filed 2025-04-28]What this page does not include
Everything above is a fact Plymouth Industrial REIT disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Plymouth Industrial REIT sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
133 figures on this page: 129 cited to the filing that reported them, 4 calculated from figures it prints.
129 cited to the filing
4 calculated from the filing
Documents cited
- 0001171520-25-000208Proposal 2 – Advisory, non-binding vote to approve the compensation paid to the Company’s named executive officers: For Against Abstain Broker Non-Votes
- 0001171520-25-000158COMPENSATION TABLES · ELECTION OF DIRECTORS · Grants of Plan Based Awards · Grants of Plan-Based Awards · and 1 more section
- 0001171520-24-000239Proposal 2—Advisory vote regarding the approval of compensation paid to Company executive officers: For Against Abstain Broker Non-Vote
- 0001171520-23-000149Summary Compensation Table
- 0001171520-21-000248
- 0001171520-18-000307Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001171520-22-000154EX-10.10
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Plymouth Industrial REIT executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/PLYM (accessed 2026).
Short form: data: Velarion
The Plymouth Industrial REIT brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
7 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Real Estate rankings
Peers Plymouth Industrial REIT discloses
The companies named in PLYM's own disclosed peer group.
Terms on this page
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}