BrightSpire Capital, Inc. (BRSP) Form 8-K — May 20, 2026
BrightSpire Capital, Inc. announced an amendment to the employment agreement of CEO Michael Mazzei, extending his term from March 31, 2027, to March 31, 2030. The amendment includes a reduction in Mazzei’s annual target cash bonus and long-term incentive plan (LTIP) awards for the years 2027 through 2029, lowering the bonus target from $1.75 million to a range of $1.375 million–$1.575 million and the LTIP target from $3 million to $2.375 million–$2.7 million.
Key figures
- Base salary
- $800,000
- 2027 ltip target
- $2,700,000
- 2028 ltip target
- $2,475,000
- 2029 ltip target
- $2,375,000
- 2027 bonus target
- $1,575,000
- 2028 bonus target
- $1,450,000
- 2029 bonus target
- $1,375,000
- Contract end date
- March 31, 2030
- Original ltip target
- $3,000,000
- Original bonus target
- $1,750,000
Price after filing
1 day: 0.0%7 days: +1.1%30 days: -2.8%
Close on the filing date to close N calendar days later (from $5.70). Historical, not a forecast.
AI analysis
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