V
Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-15
Sunrise Realty Trust, Inc. (SUNS)
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.
$227,562
Brandon Hetzel total, FY2025
Chief Financial Officer and Treasurer — highest-paid officer; CEO Brian Sedrish: $0
—
CEO (Brian Sedrish) pay percentile vs peers
—
Say-on-pay support, latest vote
Companies that benchmark against SUNS
No companies currently name SUNS 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 officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|
| Brandon Hetzel | $116,462 | $111,100 | — | — | — | — | — | $227,562 |
| Chief Financial Officer and Treasurer |
| Robyn Tannenbaum | 35,194 | — | — | — | — | — | — | 35,194 |
| Executive Chairman |
| Brian Sedrish | 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|
| Brandon Hetzel | $227,562 | $165,764 | — | +61,798 |
| Robyn Tannenbaum | 35,194 | 116,379 | — | −81,185 |
| Brian Sedrish | 0 | 499,991 | — | −499,991 |
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.
04
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|
| Tannenbaum | PSU | 5,070 | — | $47,810 |
| Brian Sedrish | PSU | 24,242 | — | 228,602 |
| Tannenbaum | PSU | 5,709 | — | 53,836 |
| Brandon Hetzel | PSU | 714 | — | 6,733 |
| Tannenbaum | PSU | 40,558 | — | 382,462 |
| Brandon Hetzel | PSU | 3,803 | — | 35,862 |
| Tannenbaum | PSU | 2,855 | — | 26,923 |
| Brandon Hetzel | PSU | 2,850 | — | 26,876 |
| Tannenbaum | PSU | 7,598 | — | 71,649 |
| Tannenbaum | PSU | 24,692 | — | 232,846 |
| Brandon Hetzel | PSU | 138 | — | 1,301 |
05
Incentive-plan design — the Compensation Discussion & Analysis
| CEO STI target (% of salary) | — |
|---|
| CEO LTI target (% of salary) | — |
|---|
| Independent consultant | — |
|---|
| Clawback policy | true |
|---|
| Anti-hedging | — |
|---|
| Anti-pledging | — |
|---|
07
CEO pay ratio
| Ratio (CEO : median employee) | — |
|---|
| CEO total compensation | — |
|---|
| Median employee compensation | — |
|---|
08
Director compensation — fiscal year 2025
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|
| Alexander FrankIndependent · Lead Independent Director · Audit & Valuation (Chair) · Compensation · Nominating & Corporate Governance · Audit Valuation (Chair) | $70,000 | $0 | $0 | — | $0 | $70,000 |
| Jodi Hanson BondIndependent · Audit & Valuation · Compensation · Nominating & Corporate Governance (Chair) · Nominating Corporate Governance (Chair) | 55,000 | 0 | 0 | — | 0 | 55,000 |
| James FaganIndependent · Audit & Valuation · Compensation (Chair) · Nominating & Corporate Governance | 55,000 | 0 | 0 | — | 0 | 55,000 |
| Brian SedrishEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Leonard M. TannenbaumEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
09
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|
| Annual equity retainer | — |
|---|
| Per board meeting fee | — |
|---|
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 5,000 / 5,000 |
|---|
| Stock ownership guideline | — |
|---|
09b
Total cost of the board
| Component | FY2025 |
|---|
| Cash retainers and fees | $180,000 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $180,000 |
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|
| 1 | Sunrise Realty Trust, Inc. | 2025 | Brian Sedrish | $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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|
| 1 | Section 01, Brandon Hetzel | DEF 14A | 2026-04-15 | 0001140361-26-014817 | Section “Summary Compensation Table”. As printed: 227,562. Filing ↗machine: t63 · r5 · c9 · span 186659–186666 |
| 2 | Section 01, Robyn Tannenbaum | DEF 14A | 2026-04-15 | 0001140361-26-014817 | Section “Summary Compensation Table”. As printed: 35,194. Filing ↗machine: r7 · c2 · span 189355–189361 |
| 3 | Section 01, Brian Sedrish | DEF 14A | 2026-04-15 | 0001140361-26-014817 | Section “Executive Compensation”. As printed: 0. Filing ↗ |
| 4 | Section 07, pay ratio | DEF 14A | 2026-04-15 | 0001140361-26-014817 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 5 | Section 08, Alexander Frank | DEF 14A | 2026-04-15 | 0001140361-26-014817 | Section “Director Compensation”. As printed: 70,000. Filing ↗machine: t72 · r1 · c2 · span 231486–231492 |
| 6 | Section 08, Jodi Hanson Bond | DEF 14A | 2026-04-15 | 0001140361-26-014817 | Section “Director Compensation”. As printed: 55,000. Filing ↗machine: t72 · r3 · c2 · span 233766–233772 |
| 7 | Section 08, James Fagan | DEF 14A | 2026-04-15 | 0001140361-26-014817 | Section “Director Compensation”. As printed: 55,000. Filing ↗machine: t72 · r5 · c2 · span 236045–236051 |
| 8 | Section 08, Brian Sedrish | DEF 14A | 2026-04-15 | 0001140361-26-014817 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 9 | Section 08, Leonard M. Tannenbaum | DEF 14A | 2026-04-15 | 0001140361-26-014817 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 10 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 11 | Section 09b board cost (computed) | Computed | — | computed | Cash 180,000 + equity 0 + all other 0 = 180,000, summed across the director compensation table rows.machine: formula: Σ = 180,000 |
| 12 | Sunrise Realty Trust, Inc. (subject), Section 10b CEO total | DEF 14A | 2026-04-15 | 0001140361-26-014817 | CEO total compensation as printed in Sunrise Realty Trust, Inc.'s own proxy. As printed: 0. Filing ↗ |