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

Rhea-AI Summary

Safehold (NYSE: SAFE) announced that on December 1, 2025 its Compensation Committee granted 853,076 inducement restricted stock units to Michael Trachtenberg upon his hiring as President. The awards include performance-based and time-based components: one performance award vests on achievement of stock-price hurdles (the final hurdle equals a 249% increase versus the November 28, 2025 close) over a five-year performance period (December 1, 2025 to February 15, 2031) and requires continued employment plus a ground-lease origination threshold; a second performance award vests on affordable-housing commitment dollar targets over three years; and a one-time time-based award vests in five equal annual installments subject to continued employment.

Contact: Pearse Hoffmann, Head of Corporate Finance; investor email provided.

Positive

• New President appointed: Michael Trachtenberg hired
• 853,076 share awards align executive pay with performance
• Stock-price hurdles (final hurdle +249%) tie rewards to shareholder returns

Negative

• 853,076 shares granted may increase dilution risk for shareholders
• Long performance periods (up to Feb 15, 2031) delay potential shareholder benefit realization

NEW YORK, Dec. 3, 2025 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) (the "Company" or "Safehold") announced that on December 1, 2025, the Compensation Committee of Safehold's Board of Directors approved the grants of performance-based inducement restricted stock unit awards and time-based award covering an aggregate of 853,076 shares of Safehold common stock (the "Inducement Awards") to Mr. Michael Trachtenberg ("Mr. Trachtenberg"), Safehold's new President. The Inducement Awards were granted as inducements material to Mr. Trachtenberg's entering into employment with Safehold, as Mr. Trachtenberg was neither previously an employee of Safehold nor a former employee returning upon a bona fide period of non-employment, in accordance with New York Stock Exchange Listing Rule 303A.08.

The performance-based Inducement Award will be earned based on the Company's attainment of certain stock price hurdles (with the last stock price hurdle equaling to a 249% increase over the closing stock price on November 28, 2025) over a five-year period (commencing on December 1, 2025 and ending on February 15, 2031) and will vest subject to Mr. Trachtenberg's continuous employment through the end of the performance period and the Company's attainment of a ground lease origination threshold. The other performance-based Inducement Award will vest based on certain dollar value of commitments for the Company's affordable housing business over a three-year period. The time-based Inducement Award is a one-time sign-on award that will vest in five equal annual installments, subject to Mr. Trachtenberg's continuous employment in good standing on each vesting date.

About Safehold:

Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Additional information on Safehold is available on its website at www.safeholdinc.com.

Company Contact: 

Pearse Hoffmann
Senior Vice President
Head of Corporate Finance 
T 212.930.9400
E investors@safeholdinc.com

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SOURCE Safehold

FAQ

What inducement awards did Safehold (NYSE: SAFE) grant to its new President on December 1, 2025?

Safehold granted an aggregate of 853,076 restricted stock units, including performance- and time-based awards.

How is the performance-based inducement award for Michael Trachtenberg tied to Safehold stock price?

One performance award vests if Safehold meets stock-price hurdles over five years, with the final hurdle equal to a 249% increase from the Nov 28, 2025 close.

When does the five-year performance period for the Safehold stock-price award start and end?

The performance period commences on Dec 1, 2025 and ends on Feb 15, 2031.

What conditions besides stock price affect vesting of Safehold's performance award for the new President?

Vesting also requires Mr. Trachtenberg's continuous employment through the performance period and attainment of a ground lease origination threshold.

How does the time-based inducement award for Safehold's new President vest?

The time-based award is a one-time sign-on grant that vests in five equal annual installments, subject to continuous employment in good standing.

What performance metric applies to the second performance-based award for Safehold's affordable housing business?

The second performance award vests based on achieving certain dollar-value commitments for the company's affordable housing business over a three-year period.