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Safehold Executive Compensation (FY25)

SAFE · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 15, 2026
187 figures on this page: 176 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Jay Sugarman
Latest say-on-pay support
=
May 14, 2026
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Jay Sugarman: $644,601 → $2,627,089
Say-on-pay support: 85.1% → 91.9% (6.8 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Safehold's chief executive and what were they paid?
Jay Sugarman, Chairman and Chief Executive Officer, received $2,627,089 in total compensation for fiscal 2025. Sugarman's total was up from the $644,601 reported for fiscal 2024.
What was Safehold's say-on-pay result?
The say-on-pay proposal drew 91.9% of votes cast for or against in favor at the meeting held May 14, 2026 for fiscal 2025.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Marcos Alvarado
President and Chief Investment Officer
◇—◇—◇—◇◇
Brett Asnas
Chief Financial Officer
◇—◇—◇—◇◇
Jay Sugarman
Chairman and Chief Executive Officer
◇—◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Marcos Alvarado
President and Chief Investment Officer
◇◇◇———◇◇
Jay Sugarman
Chairman and Chief Executive Officer
◇—◇———◇◇
Brett Asnas
Chief Financial Officer
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brett Asnas
Chief Financial Officer
◇◇◇———◇◇
Marcos Alvarado
President and Chief Investment Officer
◇—◇———◇◇
Jay Sugarman
Chairman and Chief Executive Officer
◇—————◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Trachtenberg
President
◇◇◇———◇◇
Jay Sugarman
Chairman and Chief Executive Officer
◇—◇———◇◇
Brett Asnas
Chief Financial Officer
◇—◇—◇—◇◇
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 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brett AsnasRSU◇——◇——◇
Jay SugarmanRSU◇——◇——◇
Michael TrachtenbergRSU◇——◇——◇
Michael TrachtenbergRSU◇——◇——◇
Michael TrachtenbergRSU◇——◇——◇
Michael TrachtenbergRSU◇——◇——◇
Fiscal 2022, 2023, 2024 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. 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 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Brett AsnasRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Jay SugarmanRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Michael TrachtenbergPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
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
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stefan M. Selig
◇◇———◇◇
Stefan Selig
Lead independent director
◇◇———◇◇
Robin Josephs
◇◇———◇◇
Barry Ridings
◇◇———◇◇
Jay S. Nydick
◇◇———◇◇
Jay Nydick
◇◇———◇◇
Jesse Hom and Jay Sugarman served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
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◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee member◇
Compensation committee member◇
Nominating and governance member◇

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.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022June 20, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 13, 2021=◇◇◇
2019June 1, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 16, 2018=◇◇◇
2016May 16, 2017=◇◇◇
2015May 18, 2016=◇◇◇
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What this page does not include

Everything above is a fact Safehold 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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable 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 Intelligence
Adviser 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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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
187 figures on this page: 176 cited to the filing that reported them, 11 calculated from figures it prints.
176 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-062569
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-25-050058
    Item 5.07 Submission of Matters to a Vote of Security Holders
  3. 0001104659-26-037873
    Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal 2025 Year-End · Summary Compensation Table
  4. 0001104659-24-062625
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001558370-24-004743
    Summary Compensation Table
  6. 0001104659-23-073556
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001104659-23-058547
    Summary Compensation Table
  8. 0001104659-22-060357
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001104659-21-066836
  10. 0001104659-20-068391
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001104659-19-031157
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001104659-18-034534
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001095651-17-000023
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001104659-16-122677
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Safehold executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SAFE (accessed 2026).
Short form: data: Velarion
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
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}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy