Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-13

Hercules Capital (HTGC)

Fiscal year 2025 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.

$9,670,162
Scott Bluestein total, FY2025
72nd
CEO pay percentile vs peers
32.7:1
CEO-to-median pay ratio
92.79%
Say-on-pay support, latest vote
Companies that benchmark against HTGC
5 companies name HTGC as a compensation peer

Each company listed discloses HTGC 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 HTGC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Scott Bluestein$650,000$3,950,000$5,047,162$0$0$0$23,000$9,670,162
Chief Executive Officer and Chief Investment Officer
Seth Meyer550,000945,0001,722,39700023,0003,240,397
Chief Financial Officer
Christian Follmann320,000475,000771,52300023,0001,589,523
Chief Operating Officer
Kiersten Botelho320,000455,000646,52800023,0001,444,528
Chief Legal Officer, Chief Compliance Officer and Corporate 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Scott Bluestein$9,670,162$9,076,742$8,891,994+593,420
Seth Meyer3,240,3973,245,1973,040,903−4,800
Christian Follmann1,589,5231,450,1951,209,843+139,328
Kiersten Botelho1,444,5281,310,1921,083,567+134,336

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

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
Seth MeyerChief Financial Officer2026-06-09D5$15$77CommonForm 4 ↗
Robert P. BadavasDirector2026-06-18A3,8731559,993CommonForm 4 ↗
Robert P. BadavasDirector2026-06-18A3,8731559,993CommonForm 4 ↗
Robert P. BadavasDirector2026-06-18A3,8731559,993CommonForm 4 ↗
Robert P. BadavasDirector2026-06-18A3,8731559,993CommonForm 4 ↗
Seth MeyerPresident2026-07-09D3,0111647,243CommonForm 4 ↗
Christian FollmannChief Operating Officer2026-07-09D1,4331622,484CommonForm 4 ↗
Scott BluesteinDirector2026-07-09D9,74116152,836CommonForm 4 ↗
Seth MeyerPresident2026-07-09D3,4581654,256CommonForm 4 ↗
Kiersten BotelhoChief Legal Officer & CCO2026-07-09D9561615,000CommonForm 4 ↗
Kiersten BotelhoChief Legal Officer & CCO2026-07-09D1,0181615,972CommonForm 4 ↗
Christian FollmannChief Operating Officer2026-07-09D1,3651621,417CommonForm 4 ↗
Scott BluesteinDirector2026-07-09D10,65216167,130CommonForm 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
Seth MeyerRSU2025-01-0982,583$1,650,008
Christian FollmannRSU2025-01-0933,784675,004
Scott BluesteinRSU2025-01-09241,7424,830,005
Kiersten BotelhoRSU2025-01-0927,528550,009
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Seth Meyer$1,650,008$0$00.0%
Christian Follmann675,004000.0%
Scott Bluestein4,830,005000.0%
Kiersten Botelho550,009000.0%

% 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
Christian FollmannRSU29,225$547,428
Scott BluesteinRSU282,9455,283,924
Seth MeyerRSU98,4691,840,397
Scott BluesteinRSU39,164737,066
Scott BluesteinRSU110,1542,073,098
Scott BluesteinRSU74,9831,411,180
Seth MeyerRSU13,633256,573
Christian FollmannRSU33,784635,815
Kiersten BotelhoRSU27,528518,077
Scott BluesteinRSU23,759447,144
Seth MeyerRSU10,576199,040
Kiersten BotelhoRSU10,776202,804
Christian FollmannRSU10,576199,040
Christian FollmannRSU8,521160,365
Kiersten BotelhoRSU10,576199,040
Christian FollmannRSU9,791184,267
Kiersten BotelhoRSU1,85234,855
Kiersten BotelhoRSU9,791184,267
Seth MeyerRSU9,260174,273
Seth MeyerRSU7,920149,054
Christian FollmannRSU10,560198,739
Christian FollmannRSU13,410252,376
Seth MeyerRSU82,5831,554,212
Kiersten BotelhoRSU22,984430,080
Seth MeyerRSU13,055245,695
Kiersten BotelhoRSU3,40864,139
Scott BluesteinRSU241,7424,549,584
Scott BluesteinRSU27,778522,782
Scott BluesteinRSU33,051622,020
Christian FollmannRSU2,31543,568
Kiersten BotelhoRSU10,560198,739
Seth MeyerRSU39,512743,616
05

Incentive-plan design — the Compensation Discussion & Analysis

The NEO compensation program is designed to attract, incentivize and retain talented individuals who are critical to our continued success and our corporate growth and who will deliver sustained strong performance over the long term. The NEO compensation program is designed to motivate the Company s NEOs to maintain the financial strength of the Company while avoiding any inappropriate focus on short-term profits that would impede the Company s long-term growth and encourage excessive risk-taking.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1858,698,5294,560,1672,371,15092.79%Passed
20252025-06-1856,068,8066,417,1093,663,03689.73%Passed
20222022-06-2338,334,2575,214,3631,836,33888.03%Passed
20212021-06-2437,469,0684,522,1332,001,77589.23%Passed
20202020-06-1240,941,2705,081,8972,228,28088.96%Passed
20192019-05-3018,117,65820,062,0251,433,08347.45%Failed

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
20262026-06-1892.79%a
20252025-06-1889.73%b
20222022-06-2388.03%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes cast and will”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not count as votes cast and will have no effect on the outcome of this Proposal 1.”.

c. Approved under the standard stated in the filing — “Broker non-votes will have no effect on the results of this vote ​ ​ ​ ​ ​ ​ ​ ​ ​ Proposal 2-- Approval of advisory proposal on named executive officer compensation ​ ​ Affirmative vote of a majority of the votes cast at the annual meeting in person or by proxy ​ ​ No ​ ​ Abstentions and broker non-votes will not be counted as votes cast and will have no effect on the result of the vote ​ ​ ​ ​ ​ ​ ​ ​ ​ Proposal 3-- Ratification of the selection of PwC to serve as our independent public accounting firm for the fi ve that the nominees will be unable or unwilling to serve.”.

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)32.7 : 1
CEO total compensation$9,670,162
Median employee compensation$295,510
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Wade LooIndependent · Audit (Chair) · Compensation$230,000$59,989$0$0$0$289,989
Robert P. BadavasIndependent · Board Chair · Lead Independent Director · Audit265,000000265,000
DeAnne AguirreIndependent · Compensation205,00059,989000264,989
Gayle CrowellIndependent · Compensation (Chair)230,000000230,000
Nikos TheodosopoulosIndependent · Audit · Nominating/Governance (Chair)212,500000212,500
Thomas J. FallonIndependent · Nominating/Governance (Chair) · Compensation212,500000212,500
Pam RandhawaIndependent · Audit · Compensation · Not standing for re-election205,000000205,000
Scott BluesteinEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000 / 15,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,560,000
Equity awards (grant-date value)$119,978
All other compensation$0
Total cost of the board$1,679,978

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 Hercules Capital 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 Hercules Capital.

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
1Moelis & Company2025Navid Mahmoodzadegan$400,000$34,120,701$0$0$42,846,376
2Victory Capital Holdings2025David Brown600,0009,819,944016,198,444
3Ladder Capital2025Brian Harris1,000,0008,816,83304,124,70013,944,233
4Arbor Realty Trust2025Ivan Kaufman1,200,0005,259,1520011,785,559
5EPR Properties2025Gregory Silvers933,4007,266,1550010,901,683
6Hercules Capital2025Scott Bluestein650,0005,047,162009,670,162
7Essential Properties Realty Trust2025Peter Mavoides800,0006,853,00001,950,0009,634,000
8HA Sustainable Infrastructure Capital2025Jeffrey Lipson807,3086,032,13802,709,8759,566,821
9Main Street Capital2025Dwayne Hyzak759,3754,283,74808,837,682
10Sabra Health Care REIT2025Richard Matros1,000,0005,026,72102,526,0008,552,721
11MFA Financial2025Craig Knutson825,0004,080,0111,605,1237,079,634
12Cohen & Steers2025Joseph Harvey600,0004,719,995006,991,951
13WisdomTree Investments2025Jonathan Steinberg550,0003,507,589006,704,625
14LXP Industrial Trust2025T. Wilson Eglin840,0004,044,98201,442,4386,645,384
15Chimera Investment2025Phillip Kardis II900,0003,890,78101,356,1806,167,961
16Redwood Trust2025Christopher Abate975,0003,262,48101,808,0166,131,948
17Two Harbors Investment2024William Greenberg919,0383,066,56101,799,6805,785,279
18Artisan Partners Asset Management2025Jason Gottlieb300,0001,548,40003,570,0005,482,136
19Trinity Capital2025Kyle Brown750,0000346,12503,498,220
AllianceBernstein Holdingnot in coverage universe
Capital Southwestnot 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
Hercules Capitalnot disclosednot disclosednot disclosedFW Cook
AllianceBernstein Holdingnot disclosednot disclosednot disclosednot disclosed
Arbor Realty Trustnot disclosedRSU 100Yes — Total Shareholder Return (TSR)not disclosed
Artisan Partners Asset Managementnot disclosedRSU 100not disclosedMcLagan
Capital Southwestnot disclosednot disclosednot disclosednot disclosed
Chimera Investment65%RSU 50 · PSU 50Yes — Relative TSRFrederic W. Cook & Co.
Cohen & Steersnot disclosedRSU 100not disclosedMcLagan
EPR Properties276.2%PSU 70 · RSU 30Yes — TSR vs. TSR of Triple-Net Peer GroupFerguson Partners Consulting L.P.
Essential Properties Realty Trust163%LTIP Units 100Yes — Relative TSRFerguson Partners Consulting L.P.
HA Sustainable Infrastructure Capital190%LTIP Units 100Yes — Relative TSRPay Governance
Ladder Capitalnot disclosedRSU 100not disclosedFTI Consulting, Inc.
LXP Industrial Trustnot disclosedPSU 60 · RSU 40Yes — Relative TSR compared to MSCI US REIT IndexFerguson Partners Consulting, L.P.
Main Street Capitalnot disclosedRestricted Stock 100not disclosedJohnson Associates, Inc.
MFA Financial107.0%PSU 60 · RSU 40Yes — Absolute TSRFrederic W. Cook & Co., Inc. (FW Cook)
Moelis & Companynot disclosednot disclosedYes — TSR Performance ConditionWillis Towers Watson
Redwood Trust86%PSU 55 · RSU 45Yes — relative TSR (rTSR)Semler Brossy Consulting Group LLC
Sabra Health Care REIT168.4%PSU 65 · RSU 35YesFW Cook
Trinity Capital110%not disclosednot disclosedFrederic W. Cook & Co., Inc.
Two Harbors Investment94.7%PSU 50 · RSU 50Yes — Three-year Absolute TSRPay Governance LLC
Victory Capital Holdingsnot disclosedRSU 100not disclosedAon McLagan
WisdomTree Investments127.6%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.

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, Scott BluesteinDEF 14A2026-04-230001280784-26-000015Section “Named Executive Officer Compensation” · page 27. As printed: 9,670,162. Filing ↗machine: r2 · c36 · span 384564–384573
2Section 01, Seth MeyerDEF 14A2026-04-230001280784-26-000015Section “Named Executive Officer Compensation” · page 27. As printed: 3,240,397. Filing ↗machine: r5 · c36 · span 390682–390691
3Section 01, Christian FollmannDEF 14A2026-04-230001280784-26-000015Section “Named Executive Officer Compensation” · page 27. As printed: 1,589,523. Filing ↗machine: r8 · c36 · span 396580–396589
4Section 01, Kiersten BotelhoDEF 14A2026-04-230001280784-26-000015Section “Named Executive Officer Compensation” · page 27. As printed: 1,444,528. Filing ↗machine: r11 · c36 · span 402477–402486
5Section 03, Seth Meyer RSUDEF 14A2026-04-230001280784-26-000015Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t11 · r4 · c4 · span 415303–415309
6Section 03, Christian Follmann RSUDEF 14A2026-04-230001280784-26-000015Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t11 · r6 · c4 · span 418246–418252
7Section 03, Scott Bluestein RSUDEF 14A2026-04-230001280784-26-000015Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t11 · r2 · c4 · span 412303–412310
8Section 03, Kiersten Botelho RSUDEF 14A2026-04-230001280784-26-000015Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t11 · r8 · c4 · span 421191–421197
9Section 07, pay ratioDEF 14A2026-04-230001280784-26-000015Section “CEO Pay Ratio”. As printed: 32.7 : 1. Filing ↗
10Section 08, Wade LooDEF 14A2026-04-230001280784-26-000015Section “Director Compensation”. As printed: 289,989. Filing ↗machine: t17 · r6 · c8 · span 633611–633618
11Section 08, Robert P. BadavasDEF 14A2026-04-230001280784-26-000015Section “Director Compensation”. As printed: 265,000. Filing ↗machine: t17 · r2 · c2 · span 626853–626860
12Section 08, DeAnne AguirreDEF 14A2026-04-230001280784-26-000015Section “Director Compensation”. As printed: 264,989. Filing ↗machine: t17 · r3 · c8 · span 629258–629265
13Section 08, Gayle CrowellDEF 14A2026-04-230001280784-26-000015Section “Director Compensation”. As printed: 230,000. Filing ↗machine: t17 · r4 · c2 · span 629902–629909
14Section 08, Nikos TheodosopoulosDEF 14A2026-04-230001280784-26-000015Section “Director Compensation”. As printed: 212,500. Filing ↗machine: t17 · r8 · c2 · span 635713–635720
15Section 08, Thomas J. FallonDEF 14A2026-04-230001280784-26-000015Section “Director Compensation”. As printed: 212,500. Filing ↗machine: t17 · r5 · c2 · span 631357–631364
16Section 08, Pam RandhawaDEF 14A2026-04-230001280784-26-000015Section “Director Compensation”. As printed: 205,000. Filing ↗machine: t17 · r7 · c2 · span 634254–634261
17Section 08, Scott BluesteinDEF 14A2026-04-230001280784-26-000015Section “Director Compensation”. As printed: 0. Filing ↗
18Section 02, Seth Meyer 2026-06-09Form 42026-06-100001768773-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Robert P. Badavas 2026-06-18Form 42026-06-230001207407-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Robert P. Badavas 2026-06-18Form 42026-06-230001207407-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Robert P. Badavas 2026-06-18Form 42026-06-230001207407-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Robert P. Badavas 2026-06-18Form 42026-06-230001207407-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Seth Meyer 2026-07-09Form 42026-07-130001768773-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Christian Follmann 2026-07-09Form 42026-07-130001907321-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Scott Bluestein 2026-07-09Form 42026-07-130001505910-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Seth Meyer 2026-07-09Form 42026-07-130001768773-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Kiersten Botelho 2026-07-09Form 42026-07-130001902313-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Kiersten Botelho 2026-07-09Form 42026-07-130001902313-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Christian Follmann 2026-07-09Form 42026-07-130001907321-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Scott Bluestein 2026-07-09Form 42026-07-130001505910-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
31Section 06, 2026 voteForm 8-K2026-06-180001280784-26-000030Item 5.07 · say-on-pay result. As reported: 92.79% (votes for as printed: 58,698,529). Filing ↗
32Section 06, 2025 voteForm 8-K2025-06-200001193125-25-143667Item 5.07 · say-on-pay result. As reported: 89.73% (votes for as printed: 56,068,806). Filing ↗
33Section 06, 2022 voteForm 8-K2022-06-270001193125-22-182266Item 5.07 · say-on-pay result. As reported: 88.03% (votes for as printed: 38,334,257). Filing ↗machine: span 33017–34617
34Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
35Section 03b vehicle mix (computed)ComputedcomputedRSU / 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)ComputedcomputedCash 1,560,000 + equity 119,978 + all other 0 = 1,679,978, summed across the director compensation table rows.machine: formula: Σ = 1,679,978
37Moelis & Company, Section 10b CEO totalDEF 14A2026-04-300001193125-26-193242CEO total compensation as printed in Moelis & Company's own proxy. As printed: 42,846,376. Filing ↗machine: t240 · r10 · c16 · span 660051–660061
38Victory Capital Holdings, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127653CEO total compensation as printed in Victory Capital Holdings's own proxy. As printed: 16,198,444. Filing ↗machine: r2 · c27 · span 1467226–1467236
39Ladder Capital, Section 10b CEO totalDEF 14A2026-04-210001577670-26-000018CEO total compensation as printed in Ladder Capital's own proxy. As printed: 13,944,233. Filing ↗machine: r3 · c36 · span 603013–603023
40Arbor Realty Trust, Section 10b CEO totalDEF 14A2026-04-160001253986-26-000027CEO total compensation as printed in Arbor Realty Trust's own proxy. As printed: 11,785,559. Filing ↗machine: span 343111–343121
41EPR Properties, Section 10b CEO totalDEF 14A2026-03-260001045450-26-000016CEO total compensation as printed in EPR Properties's own proxy. As printed: 10,901,683. Filing ↗machine: r3 · c45 · span 794198–794208
42Hercules Capital (subject), Section 10b CEO totalDEF 14A2026-04-230001280784-26-000015CEO total compensation as printed in Hercules Capital's own proxy. As printed: 9,670,162. Filing ↗machine: r2 · c36 · span 384564–384573
43Essential Properties Realty Trust, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134683CEO total compensation as printed in Essential Properties Realty Trust's own proxy. As printed: 9,634,000. Filing ↗
44HA Sustainable Infrastructure Capital, Section 10b CEO totalDEF 14A2026-04-130001561894-26-000061CEO total compensation as printed in HA Sustainable Infrastructure Capital's own proxy. As printed: 9,566,821. Filing ↗machine: r2 · c18 · span 998911–998920
45Main Street Capital, Section 10b CEO totalDEF 14A2026-03-230001396440-26-000020CEO total compensation as printed in Main Street Capital's own proxy. As printed: 8,837,682. Filing ↗machine: t24 · r2 · c16 · span 403689–403698
46Sabra Health Care REIT, Section 10b CEO totalDEF 14A2026-04-240001193125-26-175398CEO total compensation as printed in Sabra Health Care REIT's own proxy. As printed: 8,552,721. Filing ↗machine: span 570037–570046
47MFA Financial, Section 10b CEO totalDEF 14A2026-04-170001140361-26-015388CEO total compensation as printed in MFA Financial's own proxy. As printed: 7,079,634. Filing ↗machine: r2 · c22 · span 815805–815814
48Cohen & Steers, Section 10b CEO totalDEF 14A2026-03-200001284812-26-000030CEO total compensation as printed in Cohen & Steers's own proxy. As printed: 6,991,951. Filing ↗machine: r2 · c66 · span 492842–492851
49WisdomTree Investments, Section 10b CEO totalDEF 14A2026-04-290001214659-26-005251CEO total compensation as printed in WisdomTree Investments's own proxy. As printed: 6,704,625. Filing ↗machine: r1 · c6 · span 1941349–1941358
50LXP Industrial Trust, Section 10b CEO totalDEF 14A2026-04-030000910108-26-000015CEO total compensation as printed in LXP Industrial Trust's own proxy. As printed: 6,645,384. Filing ↗machine: t65 · r2 · c15 · span 653567–653576
51Chimera Investment, Section 10b CEO totalDEF 14A2026-04-230001206774-26-000238CEO total compensation as printed in Chimera Investment's own proxy. As printed: 6,167,961. Filing ↗machine: t63 · r1 · c7 · span 507844–507854
52Redwood Trust, Section 10b CEO totalDEF 14A2026-03-310000930236-26-000011CEO total compensation as printed in Redwood Trust's own proxy. As printed: 6,131,948. Filing ↗machine: span 755087–755096
53Two Harbors Investment, Section 10b CEO totalDEF 14A2025-04-020001465740-25-000090CEO total compensation as printed in Two Harbors Investment's own proxy. As printed: 5,785,279. Filing ↗machine: r2 · c42 · span 566941–566950
54Artisan Partners Asset Management, Section 10b CEO totalDEF 14A2026-04-170001517302-26-000079CEO total compensation as printed in Artisan Partners Asset Management's own proxy. As printed: 5,482,136. Filing ↗machine: t65 · r2 · c9 · span 617510–617519
55Trinity Capital, Section 10b CEO totalDEF 14A2026-04-300001140361-26-017966CEO total compensation as printed in Trinity Capital's own proxy. As printed: 3,498,220. Filing ↗machine: t144 · r2 · c21 · span 629020–629029
56Section 10a, Chimera Investment reciprocityDEF 14A0001206774-26-000238Chimera Investment's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗
57Section 10a, EPR Properties reciprocityDEF 14A0001045450-26-000016EPR Properties's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗
58Section 10a, Moelis & Company reciprocityDEF 14A0001193125-26-193242Moelis & Company's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗
59Section 10a, Trinity Capital reciprocityDEF 14A0001140361-26-017966Trinity Capital's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗
60Section 10a, Cohen & Steers reciprocityDEF 14A0001284812-26-000030Cohen & Steers's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗
61Section 10a, Ladder Capital reciprocityDEF 14A0001577670-26-000018Ladder Capital's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗
62Section 10a, MFA Financial reciprocityDEF 14A0001140361-26-015388MFA Financial's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗
63Section 10a, Redwood Trust reciprocityDEF 14A0000930236-26-000011Redwood Trust's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗
64Section 10a, Victory Capital Holdings reciprocityDEF 14A0001193125-26-127653Victory Capital Holdings's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗
65Section 10a, Sabra Health Care REIT reciprocityDEF 14A0001193125-26-175398Sabra Health Care REIT's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗
66Section 10a, Artisan Partners Asset Management reciprocityDEF 14A0001517302-26-000079Artisan Partners Asset Management's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗
67Section 10a, LXP Industrial Trust reciprocityDEF 14A0000910108-26-000015LXP Industrial Trust's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗
68Section 10a, WisdomTree Investments reciprocityDEF 14A0001214659-26-005251WisdomTree Investments names Hercules Capital in its own disclosed peer group (read from its most recent proxy). Filing ↗
69Section 10a, Essential Properties Realty Trust reciprocityDEF 14A0001193125-26-134683Essential Properties Realty Trust's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗
70Section 10a, Two Harbors Investment reciprocityDEF 14A0001465740-25-000090Two Harbors Investment's most recent proxy was read; its disclosed peer group does not include Hercules Capital. Filing ↗