Companies Gyrodyne
Gyrodyne (GYRO): executive pay, fiscal 2025
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CEO pay, last three years
- $250,000FY2024
- $250,000FY2025
CEO total pay was $250,000 in fiscal 2025, up from $250,000 in fiscal 2024.
FY2025: salary $250,000 · bonus $0 · stock awards $0 · option awards $0
Frequently asked questions
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.
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 |
|---|---|---|---|---|---|---|---|---|
| Gary Fitlin | $250,000 | $0 | $0 | $0 | $0 | $0 | $0 | $250,000 |
| President, CEO, CFO and Treasurer | ||||||||
| Peter Pitsiokos | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 200,000 |
| COO 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 | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Gary Fitlin | $250,000 | $250,000 | — | ↑ +0 |
| Peter Pitsiokos | 200,000 | 200,000 | — | ↑ +0 |
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's executive compensation program is intended to motivate and retain key executives to manage the business affairs of the Company in the best interests of the Company and its shareholders. The overriding objective is to incentivize management to carry out the Company’s plan to pursue zoning and/or entitlement opportunities intended to increase the values of its remaining major properties so that they can be sold at higher prices, thereby maximizing distributions to shareholders during the liquidation process.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
No outstanding equity awards are on file for this fiscal year.
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Paul L. LambNot independent · Departed during FY | $100,000 | $0 | $0 | $0 | $0 | $100,000 |
| Richard B. SmithIndependent · Board Chair · Audit (Chair) · Nominating · Compensation (Chair) · Investment | 45,833 | 0 | 0 | 0 | 0 | 45,833 |
| Jan H. LoebIndependent · Audit · Nominating · Investment (Chair) | 42,000 | 0 | 0 | 0 | 0 | 42,000 |
| Nader G.M. SalourIndependent · Audit · Compensation · Investment | 42,000 | 0 | 0 | 0 | 0 | 42,000 |
| Ronald J. MacklinIndependent · Audit · Nominating · Compensation | 42,000 | 0 | 0 | 0 | 0 | 42,000 |
Board fee structure and ownership guideline
| Annual cash retainer | $42,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $271,833 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $271,833 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Gyrodyne as a peer
Companies that benchmark against GYRO
No companies currently name GYRO 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 | Gyrodyne | 2025 | Gary Fitlin | $250,000 | $0 | $0 | $0 | $250,000 |
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
No say-on-pay vote is on file for this company.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (10 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, Gary Fitlin. DEF 14A, filed 2026-10-05. Section “SUMMARY COMPENSATION TABLE” · page 19. As printed: 250,000. View filing ↗
- Section 01, Peter Pitsiokos. DEF 14A, filed 2026-10-05. Section “SUMMARY COMPENSATION TABLE” · page 19. As printed: 200,000. View filing ↗
- Section 08, Paul L. Lamb. DEF 14A, filed 2026-10-05. Section “Director Compensation”. As printed: 100,000. View filing ↗
- Section 08, Richard B. Smith. DEF 14A, filed 2026-10-05. Section “Director Compensation”. As printed: 45,833. View filing ↗
- Section 08, Jan H. Loeb. DEF 14A, filed 2026-10-05. Section “Director Compensation”. As printed: 42,000. View filing ↗
- Section 08, Nader G.M. Salour. DEF 14A, filed 2026-10-05. Section “Director Compensation”. As printed: 42,000. View filing ↗
- Section 08, Ronald J. Macklin. DEF 14A, filed 2026-10-05. Section “Director Compensation”. As printed: 42,000. 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 271,833 + equity 0 + all other 0 = 271,833, summed across the director compensation table rows.
- Gyrodyne (subject), Section 10b CEO total. DEF 14A, filed 2026-10-05. CEO total compensation as printed in Gyrodyne's own proxy. As printed: 250,000. View filing ↗