Advanced Flower Capital Executive Compensation (FY25)
AFCG · Executive and director compensation, fiscal 2022 to 2025
Latest say-on-pay support = August 12, 2025 |
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The paid brief on Advanced Flower Capital
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of October 22, 2026Latest filing (DEF 14A): April 17, 2026
5 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Velarion Member, one year
95 figures on this page: 93 cited to the filing that reported them, 2 calculated from figures it prints. See the citations
More on Advanced Flower Capital
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
Frequently asked questions
Answers drawn from the data on this page.
What was Advanced Flower Capital's say-on-pay result?
The say-on-pay proposal drew 50.0% support at the meeting held August 12, 2025 for fiscal 2025.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Leonard Tannenbaum Chief Investment Officer | — | — | — | ◇ | — | — | — | ◇ |
Brett Kaufman Former Chief Financial Officer | ◇ | ◇ | — | ◇ | — | — | — | ◇ |
Robyn Tannenbaum President | ◇ | — | — | ◇ | — | — | — | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Brett Kaufman Former Chief Financial Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Leonard Tannenbaum Chief Investment Officer | — | — | ◇ | — | — | — | — | ◇ |
Robyn Tannenbaum President | ◇ | — | ◇ | — | — | — | — | ◇ |
Brandon Hetzel Chief Financial Officer, effective March 2023 | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Leonard Tannenbaum Chairman | — | — | ◇ | — | — | — | — | ◇ |
Daniel Neville Chief Executive Officer | — | — | ◇ | — | — | — | — | ◇ |
Robyn Tannenbaum President and Chief Investment Officer | ◇ | — | ◇ | — | — | — | — | ◇ |
Brandon Hetzel Chief Financial Officer and Treasurer | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2024
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Brandon Hetzel | RSA | — | — | — | — | — | — | ◇ |
| Daniel Neville | RSA | — | — | — | — | — | — | ◇ |
| Leonard Tannenbaum | RSA | — | — | — | — | — | — | ◇ |
| Robyn Tannenbaum | RSA | — | — | — | — | — | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Leonard Tannenbaum | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Robyn Tannenbaum | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Brandon Hetzel | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Daniel Neville | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Leonard M. Tannenbaum Board chair | — | ◇ | — | — | — | — | ◇ |
Alexander C. Frank | ◇ | ◇ | — | — | — | — | ◇ |
Thomas L. Harrison Lead independent director | ◇ | — | — | — | — | — | ◇ |
Robert Levy | ◇ | ◇ | — | — | — | — | ◇ |
Marnie Sudnow | ◇ | ◇ | — | — | — | — | ◇ |
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | August 12, 2025 | = | — | — | — |
| 2024 | August 12, 2025 | = | — | — | — |
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Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Daniel Neville (Chief Executive Officer), FY2024 total compensation $750,001 (base salary $0) [exec_comp, SEC accession 0001140361-25-035139, filed 2025-09-16]What this page does not include
Everything above is a fact Advanced Flower Capital disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceSay-on-pay responsiveness
Advanced Flower Capital recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysisAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
95 figures on this page: 93 cited to the filing that reported them, 2 calculated from figures it prints.
93 cited to the filing
2 calculated from the filing
Documents cited
- 0001140361-26-015204Director Compensation
- 0001140361-25-035139
- 0001140361-25-012374LLC) · NAV · SHARE OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT C
- 0001140361-24-018922Summary Compensation Table
- 0001140361-23-016214Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Advanced Flower Capital executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/AFCG (accessed 2026).
Short form: data: Velarion
The paid brief for Advanced Flower Capital
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
5 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}