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Safehold's Inducement Awards Under NYSE Listing Rule 303A.08

On December 3, 2025, Safehold Inc., listed under NYSE as SAFE, made headlines by announcing an exciting new development regarding its leadership. The company revealed that its Compensation Committee had approved a series of performance-based inducement awards for Michael Trachtenberg, who recently stepped into the role of President at Safehold. This decision marks a significant step in aligning leadership with the company’s strategic interests within the framework set forth by NYSE Listing Rule 303A.08.

The inducement awards total 853,076 shares of Safehold's common stock, granted as a motivator for Mr. Trachtenberg's decision to join the company. Notably, this is significant as he was not previously affiliated with Safehold, further framing the awards as an essential catalyst for his onboarding. The structure of the awards demonstrates a carefully crafted approach to incentivizing key management during a crucial period for the company.

Structure of the Inducement Awards

The granted awards consist of two primary components: performance-based restricted stock units and a time-based sign-on award. The performance-based units are conditioned upon the company's success in reaching specific stock price hurdles over a five-year period. This period commenced on December 1, 2025, and is set to conclude on February 15, 2031, with the ultimate goal being a remarkable 249% increase over the stock's closing price on November 28, 2025.

Moreover, these performance units will additionally vest only if Mr. Trachtenberg remains continuously employed throughout the performance period and if the company achieves a minimum ground lease origination target. This alignment of personal vested interest and company performance demonstrates a strong commitment to long-term growth and shareholder value.

In addition to the performance-based components, a one-time sign-on award has been structured to vest over five equal installments annually, contingent upon Mr. Trachtenberg maintaining his employment in good standing. This time-based award not only serves to provide immediate motivation but also ensures ongoing commitment as Safehold navigates the evolving landscape of the real estate industry.

About Safehold

Safehold Inc. is at the forefront of an innovative approach to real estate ownership, having established the modern ground lease industry as of 2017. Their strategy focuses on unlocking value for property owners across diverse segments, enabling higher returns with reduced risk. With a strong foundation as a real estate investment trust (REIT), Safehold pursues the dual objectives of providing secure income while seeking long-term capital growth for its shareholders.

As the company moves forward with its fresh leadership and directive, the implications of the inducement awards will likely ripple through its operational strategies and market positioning. By engaging Mr. Trachtenberg and affording him these incentive structures, Safehold underscores its dedication to reshaping the landscape of real estate and solidifying its standing as a pioneer in the industry.

Through its progressive vision, Safehold aims not just to remain relevant within the real estate market but to redefine what is possible in property ownership. As investors and stakeholders watch closely, the success of these initiatives under Mr. Trachtenberg’s leadership could significantly shape the future trajectory of Safehold and its potential in the broader market.

For additional insights and information, further details can be found at Safehold's official website, where updates regarding their ongoing strategies and offerings are meticulously shared.