Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-03-31

Safehold (STAR)

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.

$10,870,137
Michael Trachtenberg total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
85.11%
Say-on-pay support, latest vote
Companies that benchmark against STAR
No companies currently name STAR as a compensation peer in their most recent disclosure.

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

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Trachtenberg$41,667$250,000$10,578,400$0$0$0$70$10,870,137
President
Brett Asnas450,0000725,0000672,000034,7671,881,767
Chief Financial 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 FY20242025
Michael Trachtenberg$10,870,137
Brett Asnas1,881,767

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

No insider equity transactions reported since the proxy statement.

06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-1548,610,8588,506,02560,76885.11%Passed
20242024-05-1544,026,06618,052,01548,56570.92%Passed
20232023-06-2050,620,2961,102,47032,83297.87%Passed
20222022-05-1246,641,9752,286,2662,288,55795.33%Passed
20212021-05-1354,268,2482,895,820106,14894.93%Passed
20202020-06-0162,266,156958,934112,09398.48%Passed

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
20252025-05-1585.11%a
20242024-05-1570.92%b
20232023-06-2097.87%c

a. Approved under the standard stated in the filing — “For purposes of the vote on this proposal, abstentions and broker non-votes will not be counted as votes cast and will have no effect on the result of the vote, although they will be considered present for the purpose of determining the presence of a quorum.”.

b. Approved under the standard stated in the filing — “For purposes of the vote on this proposal, abstentions and broker non-votes will not be counted as votes cast and will have no effect on the result of the vote, although they will be considered present for the purpose of determining the presence of a quorum.”.

c. Approved under the standard stated in the filing — “For purposes of the vote on this proposal, abstentions and broker non-votes will not be counted as votes cast and will have no effect on the result of the vote, although they will be considered present for the purpose of determining the presence of a quorum.”.

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.

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
1Safehold2025Michael Trachtenberg$41,667$10,578,400$0$0$10,870,137

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.

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, Michael TrachtenbergDEF 14A2026-03-310001104659-26-037873Section “Summary Compensation Table”. As printed: 10,870,137. Filing ↗machine: t261 · r8 · c14 · span 832385–832395
2Section 01, Brett AsnasDEF 14A2026-03-310001104659-26-037873Section “Summary Compensation Table”. As printed: 1,881,767. Filing ↗machine: t261 · r11 · c14 · span 842546–842555
3Section 06, 2025 voteForm 8-K2025-05-160001104659-25-050058Item 5.07 · say-on-pay result. As reported: 85.11% (votes for as printed: 48,610,858). Filing ↗
4Section 06, 2024 voteForm 8-K2024-05-160001104659-24-062625Item 5.07 · say-on-pay result. As reported: 70.92% (votes for as printed: 44,026,066). Filing ↗
5Section 06, 2023 voteForm 8-K2023-06-220001104659-23-073556Item 5.07 · say-on-pay result. As reported: 97.87% (votes for as printed: 50,620,296). Filing ↗
6Safehold (subject), Section 10b CEO totalDEF 14A2026-03-310001104659-26-037873CEO total compensation as printed in Safehold's own proxy. As printed: 10,870,137. Filing ↗machine: t261 · r8 · c14 · span 832385–832395