Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-02-12

Sotherly Hotels (SOHO)

CEO David Folsom was paid $749,144 in fiscal year 2024, ↓ down 8.1% from fiscal year 2023 (SEC filing 0001193125-25-226633 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$780,419
Andrew Sims total, FY2024
Chairman — highest-paid officer; CEO David Folsom: $749,144
—
CEO (David Folsom) pay percentile vs peers
2.21:1
CEO-to-median pay ratio
79.85%
Say-on-pay support, latest vote

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01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Andrew Sims$559,316$147,000—$0$0$0$74,103$780,419
Chairman
David Folsom553,723124,150—00071,271749,144
President and CEO
Anthony Domalski394,16090,250—00067,497551,907
Vice President, CFO and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
Andrew Sims$780,419$884,506$741,129↓ −104,087
David Folsom749,144815,069731,818↓ −65,925
Anthony Domalski551,907609,855515,956↓ −57,948

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against SOHO
2 companies name SOHO as a compensation peer

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2024 total
Andrew SimsChairman$780,419
Anthony DomalskiCFO$551,907
David FolsomCEO$749,144
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2024 total
Edward S. SteinFormer director (through FY2024)$18,759
Maria L. CaldwellIndependent Director$33,952
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2024 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Scott M. KucinskiEVP & Chief Operating Officer2026-02-12D98,171$2$220,885CommonForm 4 ↗
Scott M. KucinskiEVP & Chief Operating Officer2026-02-12D153,4452345,251CommonForm 4 ↗
Walter S. Robertston IIIDirector2026-02-12D5,250211,813CommonForm 4 ↗
Maria L. CaldwellDirector2026-02-12D48,1902108,428CommonForm 4 ↗
Andrew SimsDirector2026-02-12D107,4902241,853CommonForm 4 ↗
Andrew SimsDirector2026-02-12D793,93721,786,358CommonForm 4 ↗
Andrew SimsDirector2026-02-12D826,90921,860,545CommonForm 4 ↗
David R. FolsomDirector2026-02-12D107,4902241,853CommonForm 4 ↗
David R. FolsomDirector2026-02-12D501,66021,128,735CommonForm 4 ↗
David R. FolsomDirector2026-02-12D114,0952256,714CommonForm 4 ↗
Anthony C. ZinniDirector2026-02-12D110,1642247,869CommonForm 4 ↗
Anthony DomalskiChief Financial Officer2026-02-12D254,9502573,638CommonForm 4 ↗
Anthony DomalskiChief Financial Officer2026-02-12D107,4902241,853CommonForm 4 ↗
G. Scott Gibson IVDirector2026-02-12D76,0932171,209CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Anthony DomalskiRSA2025-01-02——45,000—$42,750
David FolsomRSA2025-01-02——57,000—54,150
Anthony DomalskiRSA2023-01-23——34,000—62,652
Anthony DomalskiRSA2024-01-18——24,900—33,491
Andrew SimsRSA2024-01-18——23,715—31,896
Andrew SimsRSA2025-01-02——60,000—57,000
Andrew SimsRSA2023-01-23——75,000—138,203
David FolsomRSA2023-01-23——38,000—70,023
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Andrew SimsRSU45,000—$697,050
David FolsomRSU22,800—353,172
Anthony DomalskiRSU20,400—315,996
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's executive compensation plan is designed to attract and retain outstanding managers, align the interests of named executive officers with stockholders, and encourage a focus on long-term value creation.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-11-176,825,6071,722,55122,87479.85%Passed
20242024-04-305,051,265896,69861,09584.92%Passed
20232023-05-185,431,959729,67048,31388.16%Passed
20222022-04-263,809,058545,13988,98187.48%Passed
20212021-04-274,004,447354,89768,53791.86%Passed
20202020-04-284,651,5981,835,13470,43371.71%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-11-1779.85%a
20242024-04-3084.92%b
20232023-05-1888.16%c

a. Approved under the standard stated in the filing — “For purposes of Proposals I, III, and IV, proxies received by the Company that reflect abstentions and broker non-votes, if any, will not be counted as votes cast and will have no effect on the result of the vote, although they will be considered present for the purpose of determining the presence of a quorum.”.

b. Approved under the standard stated in the filing — “For purposes of Proposals I and III, proxies received by the Company that reflect abstentions and broker non-votes, if any, will not be counted as votes cast and will have no effect on the result of the vote, although they will be considered present for the purpose of determining the presence of a quorum.”.

c. Approved under the standard stated in the filing — “For purposes of Proposals I and III, proxies received by the Company that reflect abstentions and broker non-votes, if any, will not be counted as votes cast and will have no effect on the result of the vote, although they will be considered present for the purpose of determining the presence of a quorum.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)2.21 : 1
CEO total compensation—
Median employee compensation—
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
G. Scott Gibson IVIndependent · Audit (Chair)$35,125$4,035———$39,160
Walter S. Robertson IIIIndependent · Nominating/Governance (Chair) · Audit33,8332,138———35,971
Maria L. CaldwellIndependent · Audit29,9174,035———33,952
Anthony C. ZinniIndependent · Nominating/Governance29,3334,035———33,368
Herschel J. WalkerIndependent · Nominating/Governance23,5424,035———27,577
Edward S. SteinIndependent · Departed during FY17,7501,009———18,759
Andrew M. SimsEmployee director · Board Chair—————0
David R. FolsomEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$20,000
Annual equity retainer$4,035
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$169,500
Equity awards (grant-date value)$19,287
All other compensation$0
Total cost of the board$188,787

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Sotherly Hotels2024David Folsom$553,723—$0$0$749,144

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at Sotherly Hotels in fiscal 2024?
As disclosed, Andrew Sims (Chairman) was the highest-paid executive at Sotherly Hotels in fiscal 2024, with total compensation of $780,419.
What is Sotherly Hotels's CEO-to-median employee pay ratio?
As disclosed, Sotherly Hotels's CEO-to-median employee pay ratio was 2.21:1.
How did shareholders vote on Sotherly Hotels's executive compensation?
As disclosed, 79.85% of shareholders supported Sotherly Hotels's executive compensation in the latest say-on-pay vote.
How much does Sotherly Hotels spend in total on board compensation for fiscal 2024?
As disclosed, Sotherly Hotels reported total board compensation of $188,787 for fiscal 2024.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Andrew SimsDEF 14A2025-10-010001193125-25-226633Section “Executive Compensation”. As printed: 780,419. Filing ↗machine: span 316212–316219
2Section 01, David FolsomDEF 14A2025-10-010001193125-25-226633Section “Executive Compensation”. As printed: 749,144. Filing ↗machine: span 341613–341620
3Section 01, Anthony DomalskiDEF 14A2025-10-010001193125-25-226633Section “Executive Compensation”. As printed: 551,907. Filing ↗machine: span 367258–367265
4Section 03, Anthony Domalski RSADEF 14A2025-10-010001193125-25-226633Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: span 384543–384549
5Section 03, David Folsom RSADEF 14A2025-10-010001193125-25-226633Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
6Section 03, Anthony Domalski RSADEF 14A2025-10-010001193125-25-226633Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t6 · r11 · c10 · span 371391–371397
7Section 03, Anthony Domalski RSADEF 14A2025-10-010001193125-25-226633Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: span 385444–385450
8Section 03, Andrew Sims RSADEF 14A2025-10-010001193125-25-226633Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: span 381836–381842
9Section 03, Andrew Sims RSADEF 14A2025-10-010001193125-25-226633Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: span 382739–382745
10Section 03, Andrew Sims RSADEF 14A2025-10-010001193125-25-226633Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t6 · r3 · c10 · span 320486–320493
11Section 03, David Folsom RSADEF 14A2025-10-010001193125-25-226633Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 345731–345737
12Section 07, pay ratioDEF 14A2025-10-010001193125-25-251749Section “CEO Pay Ratio”. As printed: 2.21 : 1. Filing ↗
13Section 08, G. Scott Gibson IVDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 39,160. Filing ↗machine: span 657437–657645
14Section 08, Walter S. Robertson IIIDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 35,971. Filing ↗machine: span 662002–662210
15Section 08, Maria L. CaldwellDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 33,952. Filing ↗machine: span 652857–653065
16Section 08, Anthony C. ZinniDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 33,368. Filing ↗machine: span 671113–671321
17Section 08, Herschel J. WalkerDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 27,577. Filing ↗machine: span 666546–666754
18Section 08, Edward S. SteinDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 18,759. Filing ↗machine: span 675770–675978
19Section 08, Andrew M. SimsDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 0. Filing ↗
20Section 08, David R. FolsomDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 0. Filing ↗
21Section 02, Scott M. Kucinski 2026-02-12Form 42026-02-120001193125-26-047910Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Scott M. Kucinski 2026-02-12Form 42026-02-120001193125-26-047910Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Walter S. Robertston III 2026-02-12Form 42026-02-120001193125-26-047913Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Maria L. Caldwell 2026-02-12Form 42026-02-120001193125-26-047918Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Andrew Sims 2026-02-12Form 42026-02-120001193125-26-047902Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Andrew Sims 2026-02-12Form 42026-02-120001193125-26-047902Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Andrew Sims 2026-02-12Form 42026-02-120001193125-26-047902Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, David R. Folsom 2026-02-12Form 42026-02-120001193125-26-047904Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, David R. Folsom 2026-02-12Form 42026-02-120001193125-26-047904Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, David R. Folsom 2026-02-12Form 42026-02-120001193125-26-047904Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Anthony C. Zinni 2026-02-12Form 42026-02-120001193125-26-047922Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Anthony Domalski 2026-02-12Form 42026-02-120001193125-26-047905Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Anthony Domalski 2026-02-12Form 42026-02-120001193125-26-047905Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, G. Scott Gibson IV 2026-02-12Form 42026-02-120001193125-26-047920Insider equity transaction reported since the proxy statement. Filing ↗
35Section 06, 2025 voteForm 8-K2025-11-170001193125-25-284727Item 5.07 · say-on-pay result. As reported: 79.85% (votes for as printed: 6,825,607). Filing ↗
36Section 06, 2024 voteForm 8-K2024-05-010000950170-24-050965Item 5.07 · say-on-pay result. As reported: 84.92% (votes for as printed: 5,051,265). Filing ↗
37Section 06, 2023 voteForm 8-K2023-05-180000950170-23-023013Item 5.07 · say-on-pay result. As reported: 88.16% (votes for as printed: 5,431,959). Filing ↗
38Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
39Section 09b board cost (computed)Computed——Cash 169,500 + equity 19,287 + all other 0 = 188,787, summed across the director compensation table rows.machine: formula: Σ = 188,787
40Sotherly Hotels (subject), Section 10b CEO totalDEF 14A2025-10-010001193125-25-226633CEO total compensation as printed in Sotherly Hotels's own proxy. As printed: 749,144. Filing ↗machine: span 341613–341620

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