How Mack was paid
$757,249 in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Total |
|---|---|---|---|---|
| Richard J. MackChief Executive Officer | — | — | $757,249 | $757,249 |
| Michael McGillisPresident and Chief Financial Officer | — | — | $377,865 | $377,865 |
| Priyanka GargExecutive Vice President, Portfolio and Asset Management | — | — | $473,850 | $473,850 |
| J.D. SiegelExecutive Vice President, General Counsel and Secretary | $188,531 | $503,714 | $252,720 | $944,965 |
What changed and why
- $757KChief Executive Officer Richard J. Mack received total compensation of $757,249 for fiscal year 2025, consisting entirely of stock awards.
- The company is externally managed by its Manager and currently has no employees who receive direct cash compensation from the company.
- 74%Approximately 74% of the votes cast at the 2025 annual meeting were voted in favor of the say-on-pay proposal.
- Farient Advisors served as the independent compensation consultant assisting the compensation committee during fiscal year 2025.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.