Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2025-11-17

Sotherly Hotels (SOHOO)

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
—
CEO-to-median pay ratio
79.85%
Say-on-pay support, latest vote

Track this company's pay every filing: join the Pro seat waitlist

Velarion Pro: every company page, peer tools and exports, one seat — $1,200/year

A confirmation now and one email when Pro opens, and nothing else. Privacy

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- David Folsom (President and CEO), FY2024 total compensation $749,144 (base salary $553,723) [exec_comp, SEC accession 0001193125-25-226633, filed 2025-10-01]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

SOHOO's next annual pay disclosure, estimated April 7, 2027.est. Filing ↗

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.

You have just read Sotherly Hotels's Summary Compensation Table. The whole free brief as a PDF, emailed now, with every figure cited — then a few short notes on the deeper SOHOO reports.

We send the PDF right away, then up to three short notes. Reply “unsubscribe” to any of them, any time.

How we handle your data → Privacy

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

Each company listed discloses SOHOO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named SOHOO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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
Anthony C. ZinniDirector$33,368
G. Scott Gibson IVDirector$39,160
Herschel J. WalkerFormer director (through FY2025)$27,577
Walter S. Robertson IIIDirector$35,971
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
David FolsomRSA2025-01-02——57,000—$54,150
David FolsomRSA2023-01-23——38,000—70,023
Andrew SimsRSA2025-01-02——60,000—57,000
Andrew SimsRSA2023-01-23——75,000—138,203
Anthony DomalskiRSA2023-01-23——34,000—62,652
Anthony DomalskiRSA2025-01-02——45,000—42,750
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—$41,913
David FolsomRSU22,800—21,236
Anthony DomalskiRSU20,400—19,001
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's executive compensation plan is designed to attract, retain, and motivate talented executive officers by providing incentives and economic security, while ensuring compensation is competitive with peers in the lodging industry. The plan links elements of compensation with performance to align the interests of management with those of stockholders and reward executives for their contributions to the Company.

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 this advisory vote, abstentions and broker non-votes 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 this proposal, abstentions 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 this proposal, abstentions 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.

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 · Lead Independent Director · NCGC (Chair) · Audit33,8332,138———35,971
Maria L. CaldwellIndependent · Audit29,9174,035———33,952
Anthony C. ZinniIndependent · NCGC29,3334,035——033,368
Herschel J. WalkerIndependent · NCGC23,5424,035———27,577
Edward S. SteinIndependent · Not standing for re-election · Departed during FY17,7501,009———18,759
David R. FolsomEmployee director—————0
Andrew M. SimsEmployee director · Board Chair—————0
09

Board fee structure and ownership guideline

Annual cash retainer$20,000
Annual equity retainer—
Per board meeting fee$750
Committee chair fees (audit / comp / nom-gov)6,500 / 6,500
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.
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 “SUMMARY COMPENSATION TABLE”. As printed: 551,907. Filing ↗machine: span 367258–367265
4Section 03, David Folsom RSADEF 14A2025-10-010001193125-25-226633Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
5Section 03, David Folsom RSADEF 14A2025-10-010001193125-25-226633Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 345731–345737
6Section 03, Andrew Sims RSADEF 14A2025-10-010001193125-25-226633Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
7Section 03, Andrew Sims RSADEF 14A2025-10-010001193125-25-226633Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 320486–320493
8Section 03, Anthony Domalski RSADEF 14A2025-10-010001193125-25-226633Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 371391–371397
9Section 03, Anthony Domalski RSADEF 14A2025-10-010001193125-25-226633Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
10Section 08, G. Scott Gibson IVDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 39,160. Filing ↗machine: span 657437–657645
11Section 08, Walter S. Robertson IIIDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 35,971. Filing ↗machine: span 662002–662210
12Section 08, Maria L. CaldwellDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 33,952. Filing ↗machine: span 652857–653065
13Section 08, Anthony C. ZinniDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 33,368. Filing ↗machine: span 671113–671321
14Section 08, Herschel J. WalkerDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 27,577. Filing ↗machine: span 666546–666754
15Section 08, Edward S. SteinDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 18,759. Filing ↗machine: span 675770–675978
16Section 08, David R. FolsomDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 0. Filing ↗
17Section 08, Andrew M. SimsDEF 14A2025-10-010001193125-25-226633Section “Director Compensation”. As printed: 0. Filing ↗
18Section 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 ↗
19Section 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 ↗
20Section 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 ↗
21Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
22Section 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
23Sotherly 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

The Pay Desk — the free weekly executive pay briefing, one company at a time, every number traceable to a public filing.

You'll confirm on The Pay Desk's sign-up page.