Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-16

Net Lease Office Properties (NLOP)

CEO Jason Fox was paid $0 in fiscal year 2025 (SEC filing 0001952976-26-000024 ↗): 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.

$0
Jason Fox total, FY2025
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CEO pay percentile vs peers
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CEO-to-median pay ratio
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Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Jason Fox (Chief Executive Officer), FY2025 total compensation $0 (base salary an undisclosed amount) [exec_comp, SEC accession 0001952976-26-000024, filed 2026-04-16]

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

NLOP's next annual pay disclosure, estimated April 16, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jason Fox$0$0$0$0$0$0$0$0
Chief Executive Officer

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
Jason Fox$0———

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

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Companies that benchmark against NLOP
No companies currently name NLOP as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01b

Executives — the chief executive

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Jason FoxCEO$0
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
Axel K.A. HansingIndependent Director$210,000
Jean HoysradtIndependent Director$210,000
John J. ParkIndependent Director$166,667
Richard J. PinolaIndependent Director$235,000
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

05

Incentive-plan design — the Compensation Discussion & Analysis

Our Advisor's compensation program is designed to foster a strong pay-for-performance culture by allocating pay among base salary, short-term incentives, and long-term incentives to emphasize variable, performance-based compensation. This mix is designed to ensure the appropriate alignment of executive compensation with financial performance and shareholder value creation.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantPricewaterhouseCoopers LLP
Clawback policytrue
Anti-hedging—
Anti-pledging—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Richard J. PinolaIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance$235,000$0$0——$235,000
Axel K.A. HansingIndependent · Audit · Compensation · Nominating and Corporate Governance210,00000——210,000
Jean HoysradtIndependent · Audit · Compensation · Nominating and Corporate Governance210,00000——210,000
John J. ParkIndependent166,66700——166,667
Jason E. FoxEmployee director · Board Chair—————0
09

Board fee structure and ownership guideline

Annual cash retainer$200,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000 / 10,000
Stock ownership guidelineThe Share Ownership Guidelines require the independent trustees to hold their initial grant of 9,551 RSUs, awarded pursuant to the 2023 Plan, until separation of service.
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$821,667
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$821,667

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
1Net Lease Office Properties2025Jason Fox$0$0$0$0$0

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 Net Lease Office Properties in fiscal 2025?
As disclosed, Jason Fox (Chief Executive Officer) was the highest-paid executive at Net Lease Office Properties in fiscal 2025, with total compensation of $0.
How much does Net Lease Office Properties spend in total on board compensation for fiscal 2025?
As disclosed, Net Lease Office Properties reported total board compensation of $821,667 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 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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Jason FoxDEF 14A2026-04-160001952976-26-000024Section “Executive Compensation”. As printed: 0. View filing ↗
2Section 08, Richard J. PinolaDEF 14A2026-04-160001952976-26-000024Section “Director Compensation”. As printed: 235,000. View filing ↗
3Section 08, Axel K.A. HansingDEF 14A2026-04-160001952976-26-000024Section “Director Compensation”. As printed: 210,000. View filing ↗
4Section 08, Jean HoysradtDEF 14A2026-04-160001952976-26-000024Section “Director Compensation”. As printed: 210,000. View filing ↗
5Section 08, John J. ParkDEF 14A2026-04-160001952976-26-000024Section “Director Compensation”. As printed: 166,667. View filing ↗
6Section 08, Jason E. FoxDEF 14A2026-04-160001952976-26-000024Section “Director Compensation”. As printed: 0. View filing ↗
7Section 09b board cost (computed)Computed——Cash 821,667 + equity 0 + all other 0 = 821,667, summed across the director compensation table rows.
8Net Lease Office Properties (subject), Section 10b CEO totalDEF 14A2026-04-160001952976-26-000024CEO total compensation as printed in Net Lease Office Properties's own proxy. As printed: 0. View filing ↗