Former director (through FY2025) · Chicago Atlantic Real Estate Finance, Inc. (REFI)

Frederick C. Herbst director compensation at Chicago Atlantic: $43.8K

Fiscal year 2025 director compensation for Frederick C. Herbst at Chicago Atlantic Real Estate Finance, Inc.. Every figure below is printed as the company filed it and cited to the filing it came from.

Director compensation as of the proxy filed April 23, 2026 (DEF 14A). Open the filing on EDGAR.

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What they were paid

Chicago Atlantic Real Estate Finance Director Compensation Table · all 5 fiscal years held
In US dollars, as Chicago Atlantic Real Estate Finance reports it. Most recent year first. Totals are the company’s disclosed totals.
Fiscal yearCash feesStock awardsOption awardsOtherTotal
FY2025$43,808$0——$43,808
FY2024$97,500$75,000$0$0$172,500
FY2023$75,000$0$0$0$75,000
FY2022$75,000$74,988——$149,988
FY2021$18,750$75,000——$93,750

Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Chicago Atlantic Real Estate Finance, Inc. DEF 14A filed April 23, 2026, accession 0001193125-26-171796, and prior-year filings. Open the filing on EDGAR.

How this page was built: the Chicago Atlantic Real Estate Finance, Inc. filed document, accession 0001193125-26-171796. Every figure is read from that document and cited to the page and table it appears in. Filed April 23, 2026.

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$43,808 Frederick C. Herbst, FY2025 total director compensation

$500

The free page is the headline figures. The board report is director pay, board composition and committee fees combined into the same kind of document.

Data as of April 23, 2026 · Source: Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

How this board is paid

company policy · FY2025

Chicago Atlantic Real Estate Finance pays directors a $72,500 cash retainer and $75,000 in equity.

The rest of the Chicago Atlantic Real Estate Finance board

FY2025 · as the company reported each
DirectorRoleFY2025 total
Anthony CappellDirector—
Brandon KonigsbergIndependent Director$171,267
Elizabeth StavolaIndependent Director$39,925
Jason PapastavrouLead Independent Director$167,500
John MazarakisChair of the Board—
Michael L. SteinerIndependent Director$147,500
Peter SackDirector—

The full Chicago Atlantic Real Estate Finance compensation record

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This page is one director within Chicago Atlantic Real Estate Finance's record. The company brief lists every named executive and director, each linking to their own page.

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