Companies Trinity Place Holdings Inc.
Trinity Place (TPHS): executive pay, fiscal 2024
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CEO pay, last three years
- $1,468,848FY2022
- $1,268,104FY2023
- $1,512,123FY2024
CEO total pay was $1,512,123 in fiscal 2024, up from $1,268,104 in fiscal 2023.
FY2024: salary $504,808 · bonus $0 · stock awards $27,500 · option awards $0
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Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Matthew Messinger | $504,808 | $0 | $27,500 | $0 | $0 | $0 | $979,815 | $1,512,123 |
| Former President and Chief Executive Officer | ||||||||
| Steven Kahn | 340,000 | 0 | 5,500 | 0 | 0 | 0 | 16,298 | 361,798 |
| Chief Financial Officer | ||||||||
| Richard Pyontek | 180,000 | 0 | 1,320 | 0 | 0 | 0 | 10,745 | 192,065 |
| Chief Accounting Officer, Treasurer 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 officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Matthew Messinger | $1,512,123 | $1,268,104 | $1,468,848 | ↑ +244,019 |
| Steven Kahn | 361,798 | 444,156 | 454,728 | ↓ −82,358 |
| Richard Pyontek | 192,065 | 237,398 | 234,070 | ↓ −45,333 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company structures executive compensation to ensure cash conservation by providing the majority of compensation in the form of equity awards, with a view towards aligning the CEO’s interests with those of the Company’s creditors.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2024
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Richard Pyontek | RSU | 18,000 | — | $1,260 |
| Matthew Messinger | RSU | 29,783 | — | 2,085 |
| Steven Kahn | RSU | 72,500 | — | 5,075 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Alexander C. MatinaIndependent · Audit | $92,340 | $15,003 | — | — | — | $107,343 |
| Joanne M. MinieriIndependent · Audit (Chair) | 86,720 | 13,843 | — | — | — | 100,563 |
| Keith PattizIndependent | 52,769 | 36,904 | — | — | — | 89,673 |
| Jeffrey B. CitrinIndependent · Departed during FY | 15,183 | 36,711 | — | — | — | 51,894 |
| Patrick J. Bartels JrIndependent · Departed during FY | 30,406 | 15,198 | — | — | — | 45,604 |
| Alan CohenIndependent · Departed during FY | 22,039 | 9,693 | — | — | — | 31,732 |
| Matthew MessingerEmployee director | 29,783 | 0 | — | — | — | 29,783 |
| Daniel C. BartokIndependent | 0 | 0 | — | — | — | 0 |
| Jeffrey S. WaldIndependent · Audit · Newly elected | — | — | — | — | — | — |
| Jack L. HowardIndependent · Board Chair · Newly elected | — | — | — | — | — | — |
| Joseph MartinIndependent · Newly elected | — | — | — | — | — | — |
Board fee structure and ownership guideline
| Annual cash retainer | $80,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 5,000 / 5,000 |
| Stock ownership guideline | $240,000 |
Total cost of the board
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $329,240 |
| Equity awards (grant-date value) | $127,352 |
| All other compensation | $0 |
| Total cost of the board | $456,592 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Trinity Place as a peer
Companies that benchmark against TPHS
No companies currently name TPHS as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Trinity Place Holdings Inc. | 2024 | Matthew Messinger | $504,808 | $27,500 | $0 | $0 | $1,512,123 |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-07-24 | 47,351,410 | 1,471,308 | 14,472 | 96.99% | Passed |
| 2021 | 2021-06-29 | 18,615,135 | 1,839,195 | 53,848 | 91.01% | Passed |
| 2018 | 2018-06-14 | 21,832,645 | 1,342,280 | 9,489 | 94.21% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2024 | 2024-07-24 | 96.99%a |
| 2021 | 2021-06-29 | 91.01%b |
| 2018 | 2018-06-14 | 94.21%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
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.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (20 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Matthew Messinger. DEF 14A, filed 2025-03-24. Section “Executive Compensation”. As printed: 1,512,123. View filing ↗
- Section 01, Steven Kahn. DEF 14A, filed 2025-03-24. Section “Executive Compensation”. As printed: 361,798. View filing ↗
- Section 01, Richard Pyontek. DEF 14A, filed 2025-03-24. Section “Executive Compensation”. As printed: 192,065. View filing ↗
- Section 08, Alexander C. Matina. DEF 14A, filed 2025-03-24. Section “Director Compensation”. As printed: 107,343. View filing ↗
- Section 08, Joanne M. Minieri. DEF 14A, filed 2025-03-24. Section “Director Compensation”. As printed: 100,563. View filing ↗
- Section 08, Keith Pattiz. DEF 14A, filed 2025-03-24. Section “Director Compensation”. As printed: 89,673. View filing ↗
- Section 08, Jeffrey B. Citrin. DEF 14A, filed 2025-03-24. Section “Director Compensation”. As printed: 51,894. View filing ↗
- Section 08, Patrick J. Bartels Jr. DEF 14A, filed 2025-03-24. Section “Director Compensation”. As printed: 45,604. View filing ↗
- Section 08, Alan Cohen. DEF 14A, filed 2025-03-24. Section “Director Compensation”. As printed: 31,732. View filing ↗
- Section 08, Matthew Messinger. DEF 14A, filed 2025-03-24. Section “Director Compensation”. As printed: 29,783. View filing ↗
- Section 08, Daniel C. Bartok. DEF 14A, filed 2025-03-24. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Jeffrey S. Wald. DEF 14A, filed 2025-03-24. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, Jack L. Howard. DEF 14A, filed 2025-03-24. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, Joseph Martin. DEF 14A, filed 2025-03-24. Section “Director Compensation”. As printed: —. View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-07-25. Item 5.07 · say-on-pay result. As reported: 96.99% (votes for as printed: 47,351,410). View filing ↗
- Section 06, 2021 vote. Form 8-K, filed 2021-07-02. Item 5.07 · say-on-pay result. As reported: 91.01% (votes for as printed: 18,615,135). View filing ↗
- Section 06, 2018 vote. Form 8-K, filed 2018-06-20. Item 5.07 · say-on-pay result. As reported: 94.21% (votes for as printed: 21,832,645). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 329,240 + equity 127,352 + all other 0 = 456,592, summed across the director compensation table rows.
- Trinity Place Holdings Inc. (subject), Section 10b CEO total. DEF 14A, filed 2025-03-24. CEO total compensation as printed in Trinity Place Holdings Inc.'s own proxy. As printed: 1,512,123. View filing ↗