How Fabbri 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 | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Paul A. PittmanExecutive Chairman | $575,000 | $203,125 | $636,993 | $121,875 | $205,325 | $1,742,318 |
| Luca FabbriPresident and Chief Executive Officer | $400,000 | $203,125 | $545,556 | $121,875 | $114,616 | $1,385,172 |
| Christine GarrisonGeneral Counsel and Corporate Secretary | $275,000 | $93,750 | $145,477 | $56,250 | $27,063 | $597,540 |
What changed and why
- $1.4MCEO total compensation decreased to $1,385,172 in fiscal 2025 from $2,083,836 in fiscal 2024.
- Non-equity incentive compensation was based on lease renewal rates and AFFO per share.
- Discretionary bonuses were awarded based on individual performance assessments by the Compensation Committee.
- Stock awards represented the grant date fair value of restricted common stock vesting ratably over three years.
- All other compensation primarily consisted of dividends paid on unvested restricted stock.
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.