How Fitlin was paid
$250,000 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 | 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 CEO total compensation was unchanged from 2024 and consisted entirely of salary.
- $200K$200,000 COO total compensation consisted entirely of salary, with employment ending October 2, 2026.
- $100K$100,000 six-month severance payment was agreed for Peter Pitsiokos under his separation agreement.
- $125K$125,000 change-in-control bonus is available to Gary J. Fitlin if employed at the effective date.
- No retention bonus plan payments were made during 2024 or 2025.
- 91,628 restricted shares were issued to former director participants, not named executive officers.
Other Gyrodyne proxy statements
- 2025 proxy statement
Gary J. Fitlin paid $250,000 (-4% on the year).
Filed Oct 17, 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.