Safehold Inc. Appoints Michael Trachtenberg as President with Performance-Based Incentives

Safehold Inc. Welcomes New President with Strategic Incentive Package

Safehold Inc. announces the appointment of Michael Trachtenberg as its new President, effective December 1, 2025. Trachtenberg’s decision to join the company comes with a significant performance-based inducement package that includes restricted stock unit awards totaling 853,076 shares of common stock. This strategic move reflects Safehold’s commitment to aligning executive incentives with the company’s long-term growth objectives. The inducement awards are particularly notable as Trachtenberg was not previously part of Safehold's workforce, underscoring the company’s proactive approach in attracting top-tier talent to drive its operations forward.

The performance-based awards granted to Trachtenberg are designed to ensure alignment with Safehold’s strategic goals. They stipulate certain stock price milestones, requiring a substantial 249% increase over the closing stock price of $29.87 as of November 28, 2025, to be achieved by February 15, 2031. Additionally, Trachtenberg’s compensation is tied to the company’s performance in ground lease origination, highlighting Safehold’s focus on expanding this critical area of its business. Another performance metric involves commitments in Safehold’s affordable housing sector, reflecting the company’s commitment to social responsibility while pursuing financial returns.

The time-based component of Trachtenberg's award, which vests in five equal annual installments, emphasizes the importance of stability and continuity in leadership. It also reinforces Safehold's philosophy of fostering long-term relationships with its executives. As a pioneering entity in the modern ground lease industry, Safehold specializes in transforming real estate ownership, allowing property owners to enhance their returns while mitigating risks. This new leadership change, coupled with the strategic incentive package, positions Safehold to capitalize on emerging opportunities in the real estate market and solidify its reputation as a leader in the REIT sector.

In addition to the leadership transition, Safehold continues to focus on its mission to provide reliable income and sustained capital growth for its shareholders. The company’s innovative approach to ground leases not only enhances property values but also fosters deeper community engagement through initiatives in affordable housing. This dual focus on financial performance and social impact sets Safehold apart in a competitive real estate landscape.