How Sugarman was paid
$2.6M 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 |
|---|---|---|---|---|---|---|
| Jay SugarmanChairman and Chief Executive Officer | $600,000 | — | $1,950,000 | — | $77,089 | $2,627,089 |
| Michael TrachtenbergPresident | $41,667 | $250,000 | $10,578,400 | — | — | $10,870,137 |
| Brett AsnasChief Financial Officer | $450,000 | — | $725,000 | $672,000 | $34,767 | $1,881,767 |
What changed and why
- $2.6MChief Executive Officer Jay Sugarman received total compensation of $2,627,089 for 2025 compared to $644,601 for 2024.
- $10.9MMichael Trachtenberg joined as President in December 2025 with total compensation of $10,870,137 including sign-on and inducement awards.
- 85%The company's 2025 say-on-pay proposal received support from approximately 85% of votes cast.
- $275KThe CEO to median employee pay ratio was 10 to 1 based on median employee pay of $274,561.
- Base salaries for Messrs.
- $600KSugarman and Asnas remained unchanged at $600,000 and $450,000 respectively.
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.