How Byrne was paid
$1.4M 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 | Stock | Total |
|---|---|---|
| Richard J. ByrneFormer Chief Executive Officer | $1,365,994 | $1,365,994 |
| Michael ComparatoChief Executive Officer and Former President | $1,747,984 | $1,747,984 |
| Jerome S. BaglienChief Financial Officer and Chief Operating Officer | $1,165,326 | $1,165,326 |
What changed and why
- FBRT is an externally-managed REIT where NEOs receive no cash compensation or bonuses from the company.
- Compensation consists entirely of discretionary restricted stock units granted under the 2021 Equity Incentive Plan.
- Michael Comparato succeeded Richard J. Byrne as Chief Executive Officer in February 2026.
- 85%The 2025 Say-on-Pay proposal received approximately 85% support from stockholders at the annual meeting.
- $172KThe CEO to median employee pay ratio was 7.94 to 1 based on a median employee compensation of $172,000.
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.