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.
This is the complete answer, not a partial one — the list is never padded.
| 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.
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 | — |
| 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 | $150,000 |
|---|---|
| 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.
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.
| # | 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. Filing ↗ |
| 2 | Section 08, Richard J. Pinola | DEF 14A | 2026-04-16 | 0001952976-26-000024 | Section “Director Compensation”. As printed: 235,000. Filing ↗machine: span 219772–219903 |
| 3 | Section 08, Axel K.A. Hansing | DEF 14A | 2026-04-16 | 0001952976-26-000024 | Section “Director Compensation”. As printed: 210,000. Filing ↗machine: span 214638–214769 |
| 4 | Section 08, Jean Hoysradt | DEF 14A | 2026-04-16 | 0001952976-26-000024 | Section “Director Compensation”. As printed: 210,000. Filing ↗machine: span 216250–216381 |
| 5 | Section 08, John J. Park | DEF 14A | 2026-04-16 | 0001952976-26-000024 | Section “Director Compensation”. As printed: 166,667. Filing ↗machine: span 217947–218078 |
| 6 | Section 08, Jason E. Fox | DEF 14A | 2026-04-16 | 0001952976-26-000024 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 7 | Section 09b board cost (computed) | Computed | — | computed | Cash 821,667 + equity 0 + all other 0 = 821,667, summed across the director compensation table rows.machine: formula: Σ = 821,667 |
| 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. Filing ↗ |