Safehold Reports Inducement Awards Under NYSE Listing Rule 303A.08
Safehold Safehold (US:SAFE) Prnewswire·2025-12-03 21:05

Core Insights - Safehold Inc. announced the approval of performance-based inducement restricted stock unit awards and time-based awards totaling 853,076 shares to its new President, Mr. Michael Trachtenberg, as part of his employment agreement [1] Company Overview - Safehold Inc. is transforming real estate ownership by enabling property owners to unlock the value of the land beneath their buildings, having established the modern ground lease industry in 2017 [1] - The company operates as a real estate investment trust (REIT) and aims to provide safe, growing income and long-term capital appreciation to its shareholders [1] Inducement Awards Details - The performance-based inducement award will be contingent on the company's achievement of specific stock price hurdles, with the final hurdle requiring a 249% increase over the closing stock price on November 28, 2025, over a five-year period [1] - Another performance-based award will depend on the dollar value of commitments for the company's affordable housing business over a three-year period [1] - The time-based inducement award is a one-time sign-on award that will vest in five equal annual installments, contingent on Mr. Trachtenberg's continuous employment in good standing [1]

Safehold Reports Inducement Awards Under NYSE Listing Rule 303A.08 - Reportify