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BrightSpire Capital Executive Compensation (FY25)

BRSP · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Michael Mazzei
Latest say-on-pay support
=
May 13, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 11, 2026Latest filing (8-K): May 13, 2026
9 filings cited on this page
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Published by Velarion Company Intelligence
BrightSpire Capital brief$299Get the executive brief
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209 figures on this page: 202 cited to the filing that reported them, 7 calculated from figures it prints. See the citations

More on BrightSpire Capital

Five data products on this company. Each one is requested through the developer setup page.
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 — Michael Mazzei: $5,849,879 → $5,699,383 (2.6% lower)
Say-on-pay support: 97.5% → 98.5% (1.0 points higher)
CEO pay ratio: 17.5:1 → 15.7:1 (10.3% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is BrightSpire Capital's chief executive and what were they paid?
Total compensation for Michael Mazzei, Chief Executive Officer, came to $5,699,383 in fiscal 2025. Mazzei's total was 2.6% lower than the $5,849,879 reported for fiscal 2024.
What was BrightSpire Capital's say-on-pay result?
Shareholders supported the say-on-pay proposal with 98.5% of votes cast for or against in favor at the meeting held May 13, 2026 for fiscal 2025.
Which companies are in BrightSpire Capital's peer group?
Companies named in the disclosed peer group include Adamas Trust, Inc., Arbor Realty Trust, Inc., Chimera Investment Corporation, Cohen & Steers, Inc. and Dynex Capital, Inc., among others. Companies named in the Performance Peers include Apollo Commercial Real Estate Finance, Ares Commercial Real Estate Corp., Blackstone Mortgage Trust, Claros Mortgage Trust, Inc. and Franklin BSP Realty Trust, Inc., among others.
What is BrightSpire Capital's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 15.7:1, against median employee compensation of $363,019.

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
Michael Mazzei
Chief Executive Officer
◇—◇—◇—◇◇
Andrew Witt
President & Chief Operating Officer
◇—◇—◇—◇◇
Frank Saracino
Chief Financial Officer Treasurer & Executive Vice President
◇—◇—◇—◇◇
David Palamé
General Counsel Secretary & Executive Vice President
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Mazzei
Chief Executive Officer
◇—◇—◇—◇◇
Andrew Witt
President & Chief Operating Officer
◇—◇—◇—◇◇
Frank Saracino
Chief Financial Officer Treasurer & Executive Vice President
◇—◇—◇—◇◇
David Palamé
General Counsel Secretary & Executive Vice President
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Mazzei
Chief Executive Officer
◇—◇—◇—◇◇
Andrew Witt
President & Chief Operating Officer
◇—◇—◇—◇◇
Frank Saracino
Chief Financial Officer, Treasurer & Executive Vice President
◇—◇—◇—◇◇
David Palamé
General Counsel, Secretary & Executive Vice President
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Mazzei
Chief Executive Officer
◇—◇—◇—◇◇
Andrew Witt
President & Chief Operating Officer
◇—◇—◇—◇◇
Frank Saracino
Chief Financial Officer, Treasurer & Executive Vice President
◇—◇—◇—◇◇
David Palamé
General Counsel, Secretary & Executive Vice President
◇—◇—◇—◇◇
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
Andrew E. WittRSU◇——◇——◇
Andrew E. WittPSU◇◇◇—◇—◇
David A. PalaméRSU◇——◇——◇
David A. PalaméPSU◇◇◇—◇—◇
Frank V. SaracinoPSU—◇◇—◇—◇
Frank V. SaracinoRSU———◇——◇
Michael J. MazzeiPSU—◇◇—◇—◇
Michael J. MazzeiRSU———◇——◇
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
Michael MazzeiPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Andrew WittPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
David PalaméPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Frank SaracinoPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
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
Catherine Long
◇◇————◇
Catherine D. Rice
◇◇————◇
Vernon B. Schwartz
◇◇————◇
John E. Westerfield
◇◇————◇
Kim S. Diamond
◇◇————◇
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◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
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.
Fiscal 2025
  • Adamas Trust, Inc. ADAM
  • Arbor Realty Trust, Inc. ABR
  • Chimera Investment Corporation CIM
  • Cohen & Steers, Inc. CNS
  • Dynex Capital, Inc. DX
  • Granite Point Mortgage Trust Inc. GPMT
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. HASI
  • Hercules Capital, Inc. HTGC
  • Ladder Capital Corp. LADR
  • Main Street Capital Corporation MAIN
  • MFA Financial, Inc. MFA
  • Redwood Trust, Inc. RWT
  • Walker & Dunlop, Inc. WD
  • Wisdom Tree, Inc. WT
Performance Peers
  • Apollo Commercial Real Estate Finance ARI
  • Ares Commercial Real Estate Corp. ACRE
  • Blackstone Mortgage Trust BXMT
  • Claros Mortgage Trust, Inc. CMTG
  • Franklin BSP Realty Trust, Inc. FRE
  • KKR Real Estate Finance Trust KREF
  • TPG RE Finance Trust TRTX
Additional disclosed peer group
  • Wisdom Tree, Inc. WT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 13, 2026=◇◇◇
2024May 14, 2025=◇◇◇
2023May 16, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 5, 2022=◇◇◇
2020May 5, 2021=◇◇◇
2019May 4, 2020=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Michael Mazzei (Chief Executive Officer), FY2025 total compensation $5,699,383 (base salary $800,000) [exec_comp, SEC accession 0001717547-26-000026, filed 2026-04-01]

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What this page does not include

Everything above is a fact BrightSpire Capital disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where BrightSpire Capital sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $299
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 — $299
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $299
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.
209 figures on this page: 202 cited to the filing that reported them, 7 calculated from figures it prints.
202 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001717547-26-000044
    Proposal 2 — Approval (on an advisory, non-binding basis) of Executive Compensation The Company’s stockholders approved (on an advisory, non-binding basis) the compensation of the Company’s named exec
  2. 0001717547-26-000026
    COMPENSATION TABLES · DIRECTOR COMPENSATION
  3. 0001717547-25-000050
    Proposal 2 — Approval (on an advisory, non-binding basis) of Executive Compensation The Company’s stockholders approved (on an advisory, non-binding basis) the compensation of the Company’s named exec
  4. 0001717547-24-000046
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001717547-23-000066
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001717547-23-000051
    COMPENSATION TABLES
  7. 0001717547-22-000048
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001717547-21-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001193125-20-133716
    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, “BrightSpire Capital executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/BRSP (accessed 2026).
Short form: data: Velarion

The paid brief for BrightSpire 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.
$299 for the Executive Compensation Report. Both reports for $449.
Get the executive briefGet the board briefNo account needed.
9 filings cited on this page
Method: intel.velarion.ai/methodology
If a report fails to generate we keep working until you have it. No refunds on one-time reports.
Published by Velarion Company Intelligence
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Real Estate rankings

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

Peers BrightSpire Capital discloses

The companies named in BRSP's own disclosed peer group.

Adamas Trust, Inc.Arbor Realty Trust, Inc.Chimera Investment CorporationCohen & Steers, Inc.Dynex Capital, Inc.Granite Point Mortgage Trust Inc.Hannon Armstrong Sustainable Infrastructure Capital, Inc.Hercules Capital, Inc.Ladder Capital Corp.Main Street Capital CorporationMFA Financial, Inc.Redwood Trust, Inc.Walker & Dunlop, Inc.Wisdom Tree, Inc.Apollo Commercial Real Estate FinanceAres Commercial Real Estate Corp.Blackstone Mortgage TrustClaros Mortgage Trust, Inc.KKR Real Estate Finance TrustTPG RE Finance Trust

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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