Safehold names Michael Trachtenberg President, effective December 1, 2025
Safehold Inc. appointed Michael Trachtenberg as President effective December 1, 2025. He will oversee operations and execution across the business while working directly with CEO Jay Sugarman, and his pay package includes a $500,000 base salary and a $1,500,000 annual bonus target.
Key points
- Base salary of $500,000 and annual bonus target of $1,500,000, plus a $250,000 one-time signing cash bonus
- Sign-on award of 93,076 RSUs vesting over five annual anniversaries of his start date
- Performance RSUs: 60,000 tied to affordable housing plan commitments over three years, and 700,000 tied to stock price hurdles over five years, with the last hurdle a 249% increase over the November 28, 2025 closing price
- Previously president of Lubert-Adler from 2024 until February 2025, when he became a consultant to that firm
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 01, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.