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 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | — Say-on-pay support, latest vote |
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| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ 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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This is the complete answer, not a partial one — the list is never padded.
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.
| Executive | Role | FY2025 total |
|---|---|---|
| Jason Fox | CEO | $0 |
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Axel K.A. Hansing | Independent Director | $210,000 |
| Jean Hoysradt | Independent Director | $210,000 |
| John J. Park | Independent Director | $166,667 |
| Richard J. Pinola | Independent Director | $235,000 |
No insider equity transactions reported since the proxy statement.
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 consultant | PricewaterhouseCoopers LLP |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| 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 Governance | 210,000 | 0 | 0 | — | — | 210,000 |
| Jean HoysradtIndependent · Audit · Compensation · Nominating and Corporate Governance | 210,000 | 0 | 0 | — | — | 210,000 |
| John J. ParkIndependent | 166,667 | 0 | 0 | — | — | 166,667 |
| Jason E. FoxEmployee director · Board Chair | — | — | — | — | — | 0 |
| 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 guideline | The 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. |
| Component | FY2025 |
|---|---|
| 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.
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 | Net Lease Office Properties | 2025 | Jason 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.
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Jason Fox | DEF 14A | 2026-04-16 | 0001952976-26-000024 | Section “Executive Compensation”. As printed: 0. View filing ↗ |
| 2 | Section 08, Richard J. Pinola | DEF 14A | 2026-04-16 | 0001952976-26-000024 | Section “Director Compensation”. As printed: 235,000. View filing ↗ |
| 3 | Section 08, Axel K.A. Hansing | DEF 14A | 2026-04-16 | 0001952976-26-000024 | Section “Director Compensation”. As printed: 210,000. View filing ↗ |
| 4 | Section 08, Jean Hoysradt | DEF 14A | 2026-04-16 | 0001952976-26-000024 | Section “Director Compensation”. As printed: 210,000. View filing ↗ |
| 5 | Section 08, John J. Park | DEF 14A | 2026-04-16 | 0001952976-26-000024 | Section “Director Compensation”. As printed: 166,667. View filing ↗ |
| 6 | Section 08, Jason E. Fox | DEF 14A | 2026-04-16 | 0001952976-26-000024 | Section “Director Compensation”. As printed: 0. View filing ↗ |
| 7 | Section 09b board cost (computed) | Computed | — | — | Cash 821,667 + equity 0 + all other 0 = 821,667, summed across the director compensation table rows. |
| 8 | Net Lease Office Properties (subject), Section 10b CEO total | DEF 14A | 2026-04-16 | 0001952976-26-000024 | CEO total compensation as printed in Net Lease Office Properties's own proxy. As printed: 0. View filing ↗ |