Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-29

BrightSpire Capital, Inc. (BRSP)

CEO Michael Mazzei was paid $5,699,383 in fiscal year 2025, ↓ down 2.6% from fiscal year 2024, the 7th percentile of its disclosed peer group (SEC filing 0001717547-26-000026 ↗): 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.

$5,699,383 ↓
Michael Mazzei total, FY2025
7th
CEO pay percentile vs peers
15.7:1
CEO-to-median pay ratio
98.5%
Say-on-pay support, latest vote

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BRSP's next annual pay disclosure, estimated April 1, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Mazzei$800,000$0$3,182,209$0$1,701,000$0$16,174$5,699,383
Chief Executive Officer
Andrew Witt500,00001,697,1780777,600015,8202,990,598
President & Chief Operating Officer
Frank Saracino425,00001,007,6960607,500016,1742,056,370
Chief Financial Officer, Treasurer & Executive Vice President
David Palamé352,50001,033,4770583,200016,1741,985,351
General Counsel, Secretary & Executive Vice President

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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Michael Mazzei$5,699,383$5,849,879$5,832,378↓ −150,496
Andrew Witt2,990,5983,005,5802,900,548↓ −14,982
Frank Saracino2,056,3702,105,8792,057,294↓ −49,509
David Palamé1,985,3512,034,9832,033,990↓ −49,632

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

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$5,699,383 Michael Mazzei total, FY2025

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Data as of May 29, 2026 · Source: 0001717547-26-000026 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

Reports for BRSP

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01c

Board of directors

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

DirectorRoleFY2025 total
Catherine D. RiceIndependent Director$197,959
Catherine LongIndependent Director$197,959
John E. WesterfieldIndependent Director$192,959
Kim S. DiamondIndependent Director$177,959
Vernon B. SchwartzIndependent Director$192,959
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Michael MazzeiDirector2026-04-09D10,143$0$0Common, indirectForm 4 ↗
Catherine D. RiceDirector2026-05-20A22,08500CommonForm 4 ↗
Catherine LongDirector2026-05-20A22,08500CommonForm 4 ↗
Vernon B. SchwartzDirector2026-05-20A22,08500CommonForm 4 ↗
Kim S. DiamondDirector2026-05-20A22,08500CommonForm 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 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Michael MazzeiRSU2024-03-15——249,585—$1,490,022
Frank SaracinoPSU2025-03-17—172,025—79,035471,839
Frank SaracinoPSU2025-03-1739,51879,035—158,070535,857
Michael MazzeiPSU2024-03-15124,793249,585—499,1701,692,186
Michael MazzeiPSU—124,793249,585—499,1701,692,186
Michael MazzeiRSU———249,585—1,490,022
Frank SaracinoRSU———79,035—471,839
Frank SaracinoPSU—39,51879,035—158,070535,857
Frank SaracinoRSU2024-03-15——79,035—471,839
Frank SaracinoPSU2024-03-1539,51879,035—158,070535,857
Andrew WittPSU2025-03-1766,556133,112—266,224902,499
Andrew WittRSU2025-03-17——133,112—794,679
David PalaméRSU2025-03-17——81,057—483,910
David PalaméPSU2025-03-1740,52981,057—162,114549,566
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Michael Mazzei$2,980,044$3,384,372$053.2%
Frank Saracino943,6782,079,410068.8%
Andrew Witt794,679902,499053.2%
David Palamé483,910549,566053.2%

% 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 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
David PalaméRSU30,594—$171,326
Michael MazzeiRSU249,585—1,397,676
Michael MazzeiRSU304,348—1,704,349
Andrew WittRSU223,548—1,251,869
Michael MazzeiRSU94,203—527,537
Michael MazzeiRSU447,094—2,503,726
Andrew WittRSU152,174—852,174
Michael MazzeiRSU149,032—834,579
David PalaméRSU145,202—813,131
Frank SaracinoRSU141,580—792,848
Andrew WittRSU133,112—745,427
Frank SaracinoRSU47,194—264,286
David PalaméRSU98,844—553,526
Andrew WittRSU47,103—263,777
Frank SaracinoRSU96,378—539,717
David PalaméRSU81,057—453,919
Frank SaracinoRSU79,035—442,596
Andrew WittRSU74,516—417,290
David PalaméRSU48,401—271,046
Frank SaracinoRSU29,831—167,054
05

Incentive-plan design — the Compensation Discussion & Analysis

The primary goal of the Compensation Committee, the Board of Directors and the Company’s executive compensation program is to seek to align the interests of our professionals (including our executive officers) with those of our stockholders.

CEO STI target (% of salary)219%
CEO LTI target (% of salary)—
Independent consultantFerguson Partners
Clawback policytrue
Anti-hedgingThe Company does not allow hedging of Company securities.
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1370,586,1111,074,080723,22198.5%Passed
20252025-05-1475,977,3711,933,147699,71497.52%Passed
20242024-05-1669,370,1532,207,450889,45296.92%Passed
20232023-05-1672,683,7593,305,114504,23495.65%Passed
20222022-05-0573,612,1527,810,2272,171,40590.41%Passed
20212021-05-0565,923,50022,621,901950,59474.45%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
20262026-05-1398.5%a
20252025-05-1497.52%b
20242024-05-1696.92%c

a. Approved under the standard stated in the filing — “For purposes of the vote on this proposal, pursuant to our organizational documents and Maryland state law, 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 the vote on this proposal, pursuant to our organizational documents and Maryland state law, 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 the vote on this proposal, pursuant to our organizational documents and Maryland state law, 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)15.7 : 1
CEO total compensation$5,849,879
Median employee compensation$363,019
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Catherine D. RiceIndependent · Audit · Nominating and Corporate Governance$100,000$97,959$0$0$0$197,959
Catherine LongIndependent · NCG100,00097,959000197,959
John E. WesterfieldIndependent · Compensation · Nominating and Corporate Governance95,00097,959000192,959
Vernon B. SchwartzIndependent · NCG (Chair)95,00097,959000192,959
Kim S. DiamondIndependent · NCG80,00097,959000177,959
Michael J. MazzeiEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$100,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guideline$400,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$470,000
Equity awards (grant-date value)$489,795
All other compensation$0
Total cost of the board$959,795

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

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies BrightSpire Capital, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including BrightSpire Capital, Inc..

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
1Walker & Dunlop, Inc.2025William Walker$1,000,000$13,170,931$0$1,324,821$15,500,252
2Ladder Capital Corp.2025Brian Harris1,000,0008,816,83304,124,70013,944,233
3Arbor Realty Trust, Inc.2025Ivan Kaufman1,200,0005,259,1520011,785,559
4Hercules Capital, Inc.2025Scott Bluestein650,0005,047,162009,670,162
5Hannon Armstrong Sustainable Infrastructure Capital, Inc.2025Jeffrey Lipson807,3086,032,13802,709,8759,566,821
6Main Street Capital Corporation2025Dwayne Hyzak759,3754,283,7480—8,837,682
7Adamas Trust, Inc.2025Jason Serrano920,0004,102,96202,992,5008,175,252
8Dynex Capital, Inc.2025Byron Boston900,0003,122,24803,192,4807,771,011
9MFA Financial, Inc.2025Craig Knutson825,0004,080,011—1,605,1237,079,634
10Cohen & Steers, Inc.2025Joseph Harvey600,0004,719,995006,991,951
11Wisdom Tree, Inc.2025Jonathan Steinberg550,0003,507,589006,704,625
12Chimera Investment Corporation2025Phillip Kardis II900,0003,890,78101,356,1806,167,961
13Redwood Trust, Inc.2025Christopher Abate975,0003,262,48101,808,0166,131,948
14BrightSpire Capital, Inc.2025Michael Mazzei800,0003,182,20901,701,0005,699,383
15TPG RE Finance Trust2025Doug Bouquard03,915,423003,915,423
16Granite Point Mortgage Trust Inc.2025John Taylor1,000,0002,166,7410576,5003,757,041
17Franklin BSP Realty Trust, Inc.2025Michael Comparato01,747,984001,747,984
18Blackstone Mortgage Trust2025Timothy Johnson01,130,503001,130,503
19Apollo Commercial Real Estate Finance2025Stuart Rothstein01,085,764001,085,764
20KKR Real Estate Finance Trust2025Matthew Salem0688,18800688,188
21Ares Commercial Real Estate Corp.2025Bryan Donohoe0263,34000263,340
—Claros Mortgage Trust, Inc.——————not in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
BrightSpire Capital, Inc.97.2%RSU 50 · PRSU 50YesFerguson Partners
Adamas Trust, Inc.130%not disclosedYesPearl Meyer
Apollo Commercial Real Estate Financenot disclosedRSU 100not disclosednot disclosed
Arbor Realty Trust, Inc.not disclosedPerformance-vesting restricted stock units (RSUs) 80 · Time-based vesting restricted stock 20Yes — Total Shareholder Return (TSR)not disclosed
Ares Commercial Real Estate Corp.not disclosedRSU 100not disclosedFerguson Partners Consulting, L.P.
Blackstone Mortgage Trustnot disclosedRSU 100not disclosedFPL Associates, L.P.
Chimera Investment Corporation65%not disclosedYes — Relative TSRFW Cook
Claros Mortgage Trust, Inc.not disclosednot disclosednot disclosednot disclosed
Cohen & Steers, Inc.not disclosedRSU 100not disclosedMcLagan
Dynex Capital, Inc.355%PSU 60 · RSU 40NoFPC
Franklin BSP Realty Trust, Inc.not disclosedRSU 100not disclosedF.W. Cook
Granite Point Mortgage Trust Inc.57.7%PSU 50 · RSU 50NoSemler Brossy Consulting Group LLC
Hannon Armstrong Sustainable Infrastructure Capital, Inc.190%LTIP Units 100Yes — Relative TSRPay Governance
Hercules Capital, Inc.not disclosednot disclosednot disclosedFW Cook
KKR Real Estate Finance Trustnot disclosedRSU 100not disclosedFerguson Partners Consulting, L.P. (FPL)
Ladder Capital Corp.not disclosedRSU 50 · PSU 50NoFTI Consulting, Inc.
Main Street Capital Corporationnot disclosedRSU 100not disclosedJohnson Associates, Inc.
MFA Financial, Inc.107.0%PSU 60 · RSU 40Yes — Absolute TSRFrederic W. Cook & Co., Inc. (FW Cook)
Redwood Trust, Inc.86%PSU 55 · RSU 45Yes — relative TSR (rTSR)Semler Brossy Consulting Group, LLC
TPG RE Finance Trustnot disclosedRSU 100not disclosednot disclosed
Walker & Dunlop, Inc.132%not disclosedNoPay Governance
Wisdom Tree, Inc.127.6%RSU 50 · PSU 50NoFW Cook

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at BrightSpire Capital, Inc. in fiscal 2025?
As disclosed, Michael Mazzei (Chief Executive Officer) was the highest-paid executive at BrightSpire Capital, Inc. in fiscal 2025, with total compensation of $5,699,383.
How does BrightSpire Capital, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Michael Mazzei's total compensation ranked at the 7th percentile of BrightSpire Capital, Inc.'s disclosed peer group.
What is BrightSpire Capital, Inc.'s CEO-to-median employee pay ratio?
As disclosed, BrightSpire Capital, Inc.'s CEO-to-median employee pay ratio was 15.7:1.
How did shareholders vote on BrightSpire Capital, Inc.'s executive compensation?
As disclosed, 98.5% of shareholders supported BrightSpire Capital, Inc.'s executive compensation in the latest say-on-pay vote.
How much does BrightSpire Capital, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, BrightSpire Capital, Inc. reported total board compensation of $959,795 for fiscal 2025.

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, Michael MazzeiDEF 14A2026-04-010001717547-26-000026Section “COMPENSATION TABLES” · page 43. As printed: 5,699,383. Filing ↗machine: t89 · r7 · c18 · span 543725–543734
2Section 01, Andrew WittDEF 14A2026-04-010001717547-26-000026Section “SUMMARY COMPENSATION TABLE FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025”. As printed: 2,990,598. Filing ↗machine: t89 · r13 · c18 · span 556140–556149
3Section 01, Frank SaracinoDEF 14A2026-04-010001717547-26-000026Section “COMPENSATION TABLES” · page 43. As printed: 2,056,370. Filing ↗machine: r17 · c57 · span 562972–562981
4Section 01, David PalaméDEF 14A2026-04-010001717547-26-000026Section “SUMMARY COMPENSATION TABLE FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025”. As printed: 1,985,351. Filing ↗machine: t89 · r23 · c18 · span 573632–573641
5Section 03, Michael Mazzei RSUDEF 14A——Section “Executive Compensation” · grants of plan-based awards table.
6Section 03, Frank Saracino PSUDEF 14A2026-04-010001717547-26-000026Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r9 · c8 · span 601263–601269
7Section 03, Frank Saracino PSUDEF 14A2026-04-010001717547-26-000026Section “GRANTS OF PLAN-BASED AWARDS DURING CALENDAR YEAR ENDED DECEMBER 31, 2025” · grants of plan-based awards table. Filing ↗machine: t92 · r9 · c11 · span 601786–601793
8Section 03, Michael Mazzei PSUDEF 14A——Section “Executive Compensation” · grants of plan-based awards table.
9Section 03, Michael Mazzei PSUDEF 14A2026-04-010001717547-26-000026Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 592641–592650
10Section 03, Michael Mazzei RSUDEF 14A2026-04-010001717547-26-000026Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 594080–594089
11Section 03, Frank Saracino RSUDEF 14A2026-04-010001717547-26-000026Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 603222–603229
12Section 03, Frank Saracino PSUDEF 14A2026-04-010001717547-26-000026Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 601786–601793
13Section 03, Frank Saracino RSUDEF 14A——Section “Executive Compensation” · grants of plan-based awards table.
14Section 03, Frank Saracino PSUDEF 14A——Section “Executive Compensation” · grants of plan-based awards table.
15Section 03, Andrew Witt PSUDEF 14A2026-04-010001717547-26-000026Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 597402–597409
16Section 03, Andrew Witt RSUDEF 14A2026-04-010001717547-26-000026Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 598534–598541
17Section 03, David Palamé RSUDEF 14A2026-04-010001717547-26-000026Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 607673–607680
18Section 03, David Palamé PSUDEF 14A2026-04-010001717547-26-000026Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 606542–606549
19Section 07, pay ratioDEF 14A2026-04-01—Section “CEO Pay Ratio”. As printed: 15.7 : 1. Filing ↗machine: span 729623–729632
20Section 08, Catherine D. RiceDEF 14A2026-04-010001717547-26-000026Section “Director Compensation”. As printed: 197,959. Filing ↗machine: span 401719–401839
21Section 08, Catherine LongDEF 14A2026-04-010001717547-26-000026Section “Director Compensation”. As printed: 197,959. Filing ↗machine: span 403593–403713
22Section 08, John E. WesterfieldDEF 14A2026-04-010001717547-26-000026Section “Director Compensation”. As printed: 192,959. Filing ↗machine: span 405475–405595
23Section 08, Vernon B. SchwartzDEF 14A2026-04-010001717547-26-000026Section “Director Compensation”. As printed: 192,959. Filing ↗machine: span 404471–404591
24Section 08, Kim S. DiamondDEF 14A2026-04-010001717547-26-000026Section “Director Compensation”. As printed: 177,959. Filing ↗machine: span 402593–402713
25Section 08, Michael J. MazzeiDEF 14A2026-04-010001717547-26-000026Section “Director Compensation”. As printed: 0. Filing ↗
26Section 02, Michael Mazzei 2026-04-09Form 42026-04-140001598424-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Catherine D. Rice 2026-05-20Form 42026-05-210001262668-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Catherine Long 2026-05-20Form 42026-05-210001307943-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Vernon B. Schwartz 2026-05-20Form 42026-05-210001273467-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Kim S. Diamond 2026-05-20Form 42026-05-210001887922-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
31Section 06, 2026 voteForm 8-K2026-05-130001717547-26-000044Item 5.07 · say-on-pay result. As reported: 98.5% (votes for as printed: 70,586,111). Filing ↗
32Section 06, 2025 voteForm 8-K2025-05-140001717547-25-000050Item 5.07 · say-on-pay result. As reported: 97.52% (votes for as printed: 75,977,371). Filing ↗
33Section 06, 2024 voteForm 8-K2024-05-160001717547-24-000046Item 5.07 · say-on-pay result. As reported: 96.92% (votes for as printed: 69,370,153). Filing ↗
34Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
35Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
36Section 09b board cost (computed)Computed——Cash 470,000 + equity 489,795 + all other 0 = 959,795, summed across the director compensation table rows.machine: formula: Σ = 959,795
37Walker & Dunlop, Inc., Section 10b CEO totalDEF 14A2026-04-010001104659-26-038515CEO total compensation as printed in Walker & Dunlop, Inc.'s own proxy. As printed: 15,500,252. Filing ↗machine: t197 · r6 · c14 · span 849398–849408
38Ladder Capital Corp., Section 10b CEO totalDEF 14A2026-04-210001577670-26-000018CEO total compensation as printed in Ladder Capital Corp.'s own proxy. As printed: 13,944,233. Filing ↗machine: r3 · c36 · span 603013–603023
39Arbor Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-160001253986-26-000027CEO total compensation as printed in Arbor Realty Trust, Inc.'s own proxy. As printed: 11,785,559. Filing ↗machine: span 343111–343121
40Hercules Capital, Inc., Section 10b CEO totalDEF 14A2026-04-230001280784-26-000015CEO total compensation as printed in Hercules Capital, Inc.'s own proxy. As printed: 9,670,162. Filing ↗machine: r2 · c36 · span 384564–384573
41Hannon Armstrong Sustainable Infrastructure Capital, Inc., Section 10b CEO totalDEF 14A2026-04-130001561894-26-000061CEO total compensation as printed in Hannon Armstrong Sustainable Infrastructure Capital, Inc.'s own proxy. As printed: 9,566,821. Filing ↗machine: r2 · c18 · span 998911–998920
42Main Street Capital Corporation, Section 10b CEO totalDEF 14A2026-03-230001396440-26-000020CEO total compensation as printed in Main Street Capital Corporation's own proxy. As printed: 8,837,682. Filing ↗machine: t24 · r2 · c16 · span 403689–403698
43Adamas Trust, Inc., Section 10b CEO totalDEF 14A2026-04-240001273685-26-000038CEO total compensation as printed in Adamas Trust, Inc.'s own proxy. As printed: 8,175,252. Filing ↗machine: span 827801–827810
44Dynex Capital, Inc., Section 10b CEO totalDEF 14A2026-04-070001104659-26-040189CEO total compensation as printed in Dynex Capital, Inc.'s own proxy. As printed: 7,771,011. Filing ↗machine: t104 · r2 · c19 · span 1099489–1099498
45MFA Financial, Inc., Section 10b CEO totalDEF 14A2026-04-170001140361-26-015388CEO total compensation as printed in MFA Financial, Inc.'s own proxy. As printed: 7,079,634. Filing ↗machine: r2 · c22 · span 815805–815814
46Cohen & Steers, Inc., Section 10b CEO totalDEF 14A2026-03-200001284812-26-000030CEO total compensation as printed in Cohen & Steers, Inc.'s own proxy. As printed: 6,991,951. Filing ↗machine: r2 · c66 · span 492842–492851
47Wisdom Tree, Inc., Section 10b CEO totalDEF 14A2026-04-290001214659-26-005251CEO total compensation as printed in Wisdom Tree, Inc.'s own proxy. As printed: 6,704,625. Filing ↗machine: r1 · c6 · span 1941349–1941358
48Chimera Investment Corporation, Section 10b CEO totalDEF 14A2026-04-230001206774-26-000238CEO total compensation as printed in Chimera Investment Corporation's own proxy. As printed: 6,167,961. Filing ↗machine: t63 · r1 · c7 · span 507844–507854
49Redwood Trust, Inc., Section 10b CEO totalDEF 14A2026-03-310000930236-26-000011CEO total compensation as printed in Redwood Trust, Inc.'s own proxy. As printed: 6,131,948. Filing ↗machine: span 755087–755096
50BrightSpire Capital, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-010001717547-26-000026CEO total compensation as printed in BrightSpire Capital, Inc.'s own proxy. As printed: 5,699,383. Filing ↗machine: t89 · r7 · c18 · span 543725–543734
51TPG RE Finance Trust, Section 10b CEO totalDEF 14A2026-04-080001193125-26-147949CEO total compensation as printed in TPG RE Finance Trust's own proxy. As printed: 3,915,423. Filing ↗machine: t54 · r2 · c15 · span 261628–261637
52Granite Point Mortgage Trust Inc., Section 10b CEO totalDEF 14A2026-04-200001104659-26-045496CEO total compensation as printed in Granite Point Mortgage Trust Inc.'s own proxy. As printed: 3,757,041. Filing ↗machine: r1 · c41 · span 1477032–1477041
53Franklin BSP Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-170001193125-26-161379CEO total compensation as printed in Franklin BSP Realty Trust, Inc.'s own proxy. As printed: 1,747,984. Filing ↗machine: t167 · r5 · c8 · span 543482–543491
54Blackstone Mortgage Trust, Section 10b CEO totalDEF 14A2026-04-290001193125-26-191913CEO total compensation as printed in Blackstone Mortgage Trust's own proxy. As printed: 1,130,503. Filing ↗machine: r4 · c27 · span 349508–349517
55Apollo Commercial Real Estate Finance, Section 10b CEO totalDEF 14A2026-05-290001193125-26-248362CEO total compensation as printed in Apollo Commercial Real Estate Finance's own proxy. As printed: 1,085,764. Filing ↗machine: r2 · c23 · span 262498–262507
56KKR Real Estate Finance Trust, Section 10b CEO totalDEF 14A2026-03-030001140361-26-007573CEO total compensation as printed in KKR Real Estate Finance Trust's own proxy. As printed: 688,188. Filing ↗machine: r2 · c27 · span 361601–361608
57Ares Commercial Real Estate Corp., Section 10b CEO totalDEF 14A2026-04-010001628280-26-022805CEO total compensation as printed in Ares Commercial Real Estate Corp.'s own proxy. As printed: 263,340. Filing ↗machine: r2 · c36 · span 324597–324604
58Section 10a, Wisdom Tree, Inc. reciprocityDEF 14A—0001214659-26-005251Wisdom Tree, Inc.'s most recent proxy was read; its disclosed peer group does not include BrightSpire Capital, Inc.. Filing ↗
59Section 10a, Cohen & Steers, Inc. reciprocityDEF 14A—0001284812-26-000030Cohen & Steers, Inc.'s most recent proxy was read; its disclosed peer group does not include BrightSpire Capital, Inc.. Filing ↗
60Section 10a, Chimera Investment Corporation reciprocityDEF 14A—0001206774-26-000238Chimera Investment Corporation's most recent proxy was read; its disclosed peer group does not include BrightSpire Capital, Inc.. Filing ↗
61Section 10a, Ladder Capital Corp. reciprocityDEF 14A—0001577670-26-000018Ladder Capital Corp. names BrightSpire Capital, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, Granite Point Mortgage Trust Inc. reciprocityDEF 14A—0001104659-26-045496Granite Point Mortgage Trust Inc. names BrightSpire Capital, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
63Section 10a, MFA Financial, Inc. reciprocityDEF 14A—0001140361-26-015388MFA Financial, Inc. names BrightSpire Capital, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
64Section 10a, Redwood Trust, Inc. reciprocityDEF 14A—0000930236-26-000011Redwood Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include BrightSpire Capital, Inc.. Filing ↗
65Section 10a, Dynex Capital, Inc. reciprocityDEF 14A—0001104659-26-040189Dynex Capital, Inc.'s most recent proxy was read; its disclosed peer group does not include BrightSpire Capital, Inc.. Filing ↗
66Section 10a, Walker & Dunlop, Inc. reciprocityDEF 14A—0001104659-26-038515Walker & Dunlop, Inc. names BrightSpire Capital, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, Adamas Trust, Inc. reciprocityDEF 14A—0001273685-26-000038Adamas Trust, Inc. names BrightSpire Capital, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗

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