Former CEO Matthew Messinger was paid $1,512,123 in fiscal year 2024, ↑ up 19.2% from fiscal year 2023 (SEC filing 0001558370-25-003553 ↗): 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.
$1,512,123 ↑ Matthew Messinger total, FY2024 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | — Say-on-pay support, latest vote |
Ask our research desk, 24h, every figure cited to its filing.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Matthew Messinger | $504,808 | $0 | $27,500 | $0 | $0 | $0 | $979,815 | $1,512,123 |
| Former President and Chief Executive Officer | ||||||||
| Steven Kahn | 340,000 | 0 | 5,500 | 0 | 0 | 0 | 16,298 | 361,798 |
| Chief Financial Officer | ||||||||
| Richard Pyontek | 180,000 | 0 | 1,320 | 0 | 0 | 0 | 10,745 | 192,065 |
| Chief Accounting Officer, Treasurer and Secretary | ||||||||
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 | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Matthew Messinger | $1,512,123 | $1,268,104 | — | ↑ +244,019 |
| Steven Kahn | 361,798 | 444,156 | — | ↓ −82,358 |
| Richard Pyontek | 192,065 | 237,398 | — | ↓ −45,333 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Price | RSU | 98,000 | — | $6,860 |
| Steven Kahn | RSU | 72,500 | — | 5,075 |
| Richard Pyontek | RSU | 18,000 | — | 1,260 |
The Company structures executive compensation to ensure cash conservation by providing the majority of compensation in the form of equity awards, with a view towards aligning the CEO’s interests with those of the Company’s creditors.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Alexander C. MatinaIndependent · Audit | $92,340 | $15,003 | — | — | — | $107,343 |
| Joanne M. MinieriIndependent · Audit (Chair) | 86,720 | 13,843 | — | — | — | 100,563 |
| Keith PattizIndependent | 52,769 | 36,904 | — | — | — | 89,673 |
| Jeffrey B. CitrinIndependent · Departed during FY | 15,183 | 36,711 | — | — | — | 51,894 |
| Patrick J. Bartels JrIndependent · Departed during FY | 30,406 | 15,198 | — | — | — | 45,604 |
| Alan CohenIndependent · Departed during FY | 22,039 | 9,693 | — | — | — | 31,732 |
| Matthew MessingerEmployee director | 29,783 | 0 | — | — | — | 29,783 |
| Daniel C. BartokIndependent | 0 | 0 | — | — | — | 0 |
| Jeffrey S. WaldIndependent · Audit · Newly elected | — | — | — | — | — | — |
| Jack L. HowardIndependent · Board Chair · Newly elected | — | — | — | — | — | — |
| Joseph MartinIndependent · Newly elected | — | — | — | — | — | — |
| Annual cash retainer | $80,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 5,000 / 5,000 |
| Stock ownership guideline | — |
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $329,240 |
| Equity awards (grant-date value) | $127,352 |
| All other compensation | $0 |
| Total cost of the board | $456,592 |
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 | Trinity Place Holdings | 2024 | Matthew Messinger | $504,808 | $27,500 | $0 | $0 | $1,512,123 |
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'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, Matthew Messinger | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Executive Compensation”. As printed: 1,512,123. Filing ↗machine: r3 · c16 · span 513136–513145 |
| 2 | Section 01, Steven Kahn | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Executive Compensation”. As printed: 361,798. Filing ↗machine: r5 · c16 · span 521476–521483 |
| 3 | Section 01, Richard Pyontek | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Executive Compensation”. As printed: 192,065. Filing ↗machine: r7 · c16 · span 529796–529803 |
| 4 | Section 08, Alexander C. Matina | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Director Compensation”. As printed: 107,343. Filing ↗machine: span 629400–629584 |
| 5 | Section 08, Joanne M. Minieri | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Director Compensation”. As printed: 100,563. Filing ↗machine: span 634282–634466 |
| 6 | Section 08, Keith Pattiz | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Director Compensation”. As printed: 89,673. Filing ↗machine: span 636718–636901 |
| 7 | Section 08, Jeffrey B. Citrin | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Director Compensation”. As printed: 51,894. Filing ↗machine: span 624429–624612 |
| 8 | Section 08, Patrick J. Bartels Jr | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Director Compensation”. As printed: 45,604. Filing ↗machine: span 619450–619633 |
| 9 | Section 08, Alan Cohen | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Director Compensation”. As printed: 31,732. Filing ↗machine: span 626958–627141 |
| 10 | Section 08, Matthew Messinger | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Director Compensation”. As printed: 29,783. Filing ↗machine: span 630363–630546 |
| 11 | Section 08, Daniel C. Bartok | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 12 | Section 08, Jeffrey S. Wald | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 13 | Section 08, Jack L. Howard | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 14 | Section 08, Joseph Martin | DEF 14A | 2025-03-24 | 0001558370-25-003553 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 15 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 16 | Section 09b board cost (computed) | Computed | — | — | Cash 329,240 + equity 127,352 + all other 0 = 456,592, summed across the director compensation table rows.machine: formula: Σ = 456,592 |
| 17 | Trinity Place Holdings (subject), Section 10b CEO total | DEF 14A | 2025-03-24 | 0001558370-25-003553 | CEO total compensation as printed in Trinity Place Holdings's own proxy. As printed: 1,512,123. Filing ↗machine: r3 · c16 · span 513136–513145 |
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