How Fitlin was paid
$250,000 in total for 2024, 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 | Total |
|---|---|---|
| Gary J. FitlinPresident, CEO, CFO and Treasurer | $250,000 | $250,000 |
| Peter PitsiokosCOO and Secretary | $200,000 | $200,000 |
What changed and why
- $250K$250,000 was CEO Gary Fitlin’s 2024 total compensation, down from $260,000 in 2023.
- $200K$200,000 was COO Peter Pitsiokos’s 2024 total compensation, with no bonus reported.
- 22.6%22.6% reduced director benefits under Bonus Plan Amendment No. 5, shifting $1,716,436 back to the Company.
- 4.12%4.12% is the bonus rate on up to $50,985,000 of net property-sale proceeds; incremental proceeds receive 6.72%.
- No Bonus Plan payments were made during 2023, 2024, or the six months ended June 30, 2025.
- 5%5% fixed interest applies to compensation deferred under the Nonqualified Deferred Compensation Plan.
Other Gyrodyne proxy statements
- 2026 proxy statement
Gary J. Fitlin paid $250,000 (flat on the year).
Filed Oct 05, 2026
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.