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Pay vs Performance Disclosure
pure in Millions
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company. The disclosure included in this section is prescribed by SEC rules and does not necessarily align with how the Company or the Compensation Committee views the link between the Company’s performance and its NEO’s pay. For a discussion of how the Company views its executive compensation structure, including alignment with Company performance, see “Compensation Discussion and Analysis.” The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
​ ​ ​ ​
Average
Summary
Compensation
Table
Total for
Non-PEO
NEOs(3)
($)
​ ​
Average
Compensation
Actually
Paid to
Non-PEO
NEOs(4)
($)
​ ​
Value of Initial Fixed
$100 Investment
Based On:
​ ​ ​
​ ​ ​ ​
Summary Compensation
Table Total for PEO(1)
($)
​ ​
Compensation Actually
Paid to PEO(2)
($)
​ ​
Total
Shareholder
Return(5)
($)
​ ​
Peer
Group
Total
Shareholder
Return(6)
($)
​ ​
Net
Income
($ millions)(7)
​ ​
FEEUM
Capital
Raise
($ millions)(8)
​
​
Year
​ ​
Marc C.
Ganzi
​ ​
Thomas
Barrack, Jr.
​ ​
Marc C.
Ganzi
​ ​
Thomas J.
Barrack, Jr.
​
​
(a)  
​ ​
(b)(i)
​ ​
(b)(ii)
​ ​
(c)(i)
​ ​
(c)(ii)
​ ​
(d)
​ ​
(e)
​ ​
(f)
​ ​
(g)
​ ​
(h)
​ ​
(i)
​
​
2023
​ ​ ​ ​ 7,282,550 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 10,091,279 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,075,207 ​ ​ ​ ​ ​ 5,059,367 ​ ​ ​ ​ ​ 97.29 ​ ​ ​ ​ ​ 139.77 ​ ​ ​ ​ ​ 45 ​ ​ ​ ​ ​ 6,853 ​ ​
​
2022
​ ​ ​ ​ 38,321,508 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (23,388,454) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 7,646,528 ​ ​ ​ ​ ​ 3,902,589 ​ ​ ​ ​ ​ 60.68 ​ ​ ​ ​ ​ 117.15 ​ ​ ​ ​ ​ (570) ​ ​ ​ ​ ​ 4,618 ​ ​
​
2021
​ ​ ​ ​ 22,459,034 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 63,324,484 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 9,614,818 ​ ​ ​ ​ ​ 14,986,393 ​ ​ ​ ​ ​ 184.51 ​ ​ ​ ​ ​ 153.75 ​ ​ ​ ​ ​ (817) ​ ​ ​ ​ ​ 6,810 ​ ​
​
2020
​ ​ ​ ​ 4,815,779 ​ ​ ​ ​ ​ 10,200,262 ​ ​ ​ ​ ​ 10,390,831 ​ ​ ​ ​ ​ 28,177,174 ​ ​ ​ ​ ​ 4,573,017 ​ ​ ​ ​ ​ 6,045,206 ​ ​ ​ ​ ​ 106.54 ​ ​ ​ ​ ​ 111.72 ​ ​ ​ ​ ​ (3,790) ​ ​ ​ ​ ​ 7,246 ​ ​
​
(1)
The dollar amounts in columns (b)(i) and (b)(ii) are the amounts of total compensation reported for each principal executive officer (“PEO”) as reported in the “Total” column of the Summary Compensation Table for each year in which they served as PEO, and we refer to Mr. Barrack as our “Prior PEO.” Refer to “Executive Compensation—Executive Compensation Tables—Summary Compensation Table.”
​
(2)
The dollar amounts in columns (c)(i) and (c)(ii) represent the amount of “compensation actually paid” to each PEO as computed in accordance with Item 402(v) of Regulation S-K for each corresponding year in which they served as PEO. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Ganzi or our Prior PEO during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Ganzi’s total compensation for each year to determine the compensation actually paid:
​
​
Year
​ ​
Reported
Summary
Compensation
Table Total
for PEO
($)
​ ​
Reported
Value of
Equity
Awards(a)
($)
​ ​
Equity
Award
Adjustments(b)
($)
​ ​
Compensation
Actually
Paid to PEO
($)
​
​
2023
​ ​ ​ ​ 7,282,550 ​ ​ ​ ​ ​ (2,597,650) ​ ​ ​ ​ ​ 5,406,378 ​ ​ ​ ​ ​ 10,091,279 ​ ​
​
2022
​ ​ ​ ​ 38,321,508 ​ ​ ​ ​ ​ (7,246,051) ​ ​ ​ ​ ​ (54,463,911) ​ ​ ​ ​ ​ (23,388,454) ​ ​
​
2021
​ ​ ​ ​ 22,459,034 ​ ​ ​ ​ ​ (10,922,100) ​ ​ ​ ​ ​ 51,787,549 ​ ​ ​ ​ ​ 63,324,484 ​ ​
​
2020
​ ​ ​ ​ 4,815,779 ​ ​ ​ ​ ​ (176,489) ​ ​ ​ ​ ​ 5,751,542 ​ ​ ​ ​ ​ 10,390,831 ​ ​
In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to our Prior PEOs total compensation to determine the compensation actually paid in 2020:
​
Year
​ ​
Reported
Summary
Compensation
Table Total
for PEO
($)
​ ​
Reported
Value of
Equity
Awards(a)
($)
​ ​
Equity
Award
Adjustments(b)
($)
​ ​
Compensation
Actually
Paid to PEO
($)
​
​
2020
​ ​ ​ ​ 10,200,262 ​ ​ ​ ​ ​ (3,565,431) ​ ​ ​ ​ ​ 21,542,342 ​ ​ ​ ​ ​ 28,177,174 ​ ​
​
(a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.
​
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
​
The amounts deducted or added in calculating the equity award adjustments for Mr. Ganzi are as follows:
​
Year
​ ​
Year End
Fair Value
of Equity
Awards
($)
​ ​
Year
over Year
Change in
Fair Value of
Outstanding
and Unvested
Equity Awards
($)
​ ​
Fair
Value as of
Vesting Date
of Equity
Awards
Granted
and Vested
in the Year
($)
​ ​
Year
over Year
Change in
Fair Value
of Equity
Awards
Granted
in Prior Years
that Vested
in the Year
($)
​ ​
Fair
Value at the
End of the
Prior
Year of Equity
Awards that
Failed
to Meet
Vesting
Conditions
in the Year
($)
​ ​
Value
of Dividends
or other
Earnings
Paid on
Stock not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
​ ​
Total
Equity
Award
Adjustments
($)
​
​
2023
​ ​ ​ ​ 4,003,574 ​ ​ ​ ​ ​ 1,286,397 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 106,288 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 10,118 ​ ​ ​ ​ ​ 5,406,378 ​ ​
​
2022
​ ​ ​ ​ 1,671,856 ​ ​ ​ ​ ​ (55,660,831) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (477,512) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,576 ​ ​ ​ ​ ​ (54,463,911) ​ ​
​
2021
​ ​ ​ ​ 12,141,070 ​ ​ ​ ​ ​ 39,611,280 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 35,199 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 51,787,549 ​ ​
​
2020
​ ​ ​ ​ 648,535 ​ ​ ​ ​ ​ 5,097,629 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,378 ​ ​ ​ ​ ​ 5,751,542 ​ ​
The amounts deducted or added in calculating the equity award adjustments for our Prior PEO in 2020 are as follows:
​ ​ ​ ​
Year End
Fair Value
of Equity
Awards
($)
​ ​
Year
over Year
Change in
Fair Value of
Outstanding
and Unvested
Equity Awards
($)
​ ​
Fair
Value as of
Vesting Date
of Equity
Awards
Granted
and Vested
in the Year
($)
​ ​
Year
over Year
Change in
Fair Value
of Equity
Awards
Granted
in Prior Years
that Vested
in the Year
($)
​ ​
Fair
Value at the
End of the
Prior
Year of Equity
Awards that
Failed
to Meet
Vesting
Conditions
in the Year
($)
​ ​
Value
of Dividends
or other
Earnings
Paid on
Stock not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
​ ​
Total
Equity
Award
Adjustments
($)
​
​
2020
​ ​ ​ ​ 13,101,786 ​ ​ ​ ​ ​ 1,239,403 ​ ​ ​ ​ ​ 5,448,922 ​ ​ ​ ​ ​ (744,577) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,496,808 ​ ​ ​ ​ ​ 21,542,342 ​ ​
​
(3)
The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s NEOs as a group excluding the PEO (the “Non-PEO NEOs”) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the Non-PEO NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2023, Benjamin J. Jenkins, Jacky Wu, Geoffrey Goldschein, Liam Stewart and Ronald M. Sanders; (ii) for 2022, Benjamin J. Jenkins, Jacky Wu, Ronald M. Sanders and Liam Stewart; (ii) for 2021, Jacky Wu, Ronald M. Sanders, Sonia Kim and Thomas J. Barrack, Jr.; and (iii) for 2020, Jacky Wu, Ronald M. Sanders, Neale W. Redington, Mark M. Hedstrom, Darren J. Tangen and Kevin P. Traenkle.
​
(4)
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the Non-PEO NEOs, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the Non-PEO NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the Non-PEO NEOs for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
​
​
Year
​ ​
Average
Reported Summary
Compensation
Table Total for
Non-PEO NEOs
($)
​ ​
Average
Reported
Value of Equity
Awards
($)
​ ​
Average Equity
Award
Adjustments(a)
($)
​ ​
Average
Compensation
Actually Paid
to Non-PEO NEOs
($)
​
​
2023
​ ​ ​ ​ 4,075,207 ​ ​ ​ ​ ​ (1,642,472) ​ ​ ​ ​ ​ 2,626,632 ​ ​ ​ ​ ​ 5,059,367 ​ ​
​
2022
​ ​ ​ ​ 7,646,528 ​ ​ ​ ​ ​ (1,212,185) ​ ​ ​ ​ ​ (2,531,754) ​ ​ ​ ​ ​ 3,902,589 ​ ​
​
2021
​ ​ ​ ​ 9,614,818 ​ ​ ​ ​ ​ (2,623,760) ​ ​ ​ ​ ​ 7,995,335 ​ ​ ​ ​ ​ 14,986,393 ​ ​
​
2020
​ ​ ​ ​ 4,573,017 ​ ​ ​ ​ ​ (722,530) ​ ​ ​ ​ ​ 2,194,719 ​ ​ ​ ​ ​ 6,045,206 ​ ​
(a)
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
​
​
Year
​ ​
Average
Year End
Fair Value
of Equity
Awards
($)
​ ​
Year over
Year Average
Change in
Fair Value of
Outstanding
and Unvested
Equity Awards
($)
​ ​
Average
Fair
Value as of
Vesting Date
of Equity
Awards
Granted
and Vested
in the Year
($)
​ ​
Year over Year
Average
Change in
Fair Value
of Equity
Awards
Granted
in Prior Years
that Vested
in the Year
($)
​ ​
Average Fair
Value at the
End of the
Prior
Year of Equity
Awards that
Failed
to Meet
Vesting
Conditions
in the Year
($)
​ ​
Average Value
of Dividends
or other
Earnings
Paid on
Stock not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
​ ​
Total
Average
Equity
Award
Adjustments
($)
​
​
2023
​ ​ ​ ​ 2,088,030 ​ ​ ​ ​ ​ 158,457 ​ ​ ​ ​ ​ 271,671 ​ ​ ​ ​ ​ 105,220 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,253 ​ ​ ​ ​ ​ 2,626,632 ​ ​
​
2022
​ ​ ​ ​ 338,993 ​ ​ ​ ​ ​ (2,375,753) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (495,810) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 816 ​ ​ ​ ​ ​ (2,531,754) ​ ​
​
2021
​ ​ ​ ​ 2,296,938 ​ ​ ​ ​ ​ 3,969,682 ​ ​ ​ ​ ​ 602,441 ​ ​ ​ ​ ​ 1,126,274 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 7,995,335 ​ ​
​
2020
​ ​ ​ ​ 2,110,144 ​ ​ ​ ​ ​ 89,316 ​ ​ ​ ​ ​ 352,189 ​ ​ ​ ​ ​ (404,145) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 47,215 ​ ​ ​ ​ ​ 2,194,719 ​ ​
​
(5)
Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the applicable fiscal year, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of such fiscal year by the Company’s share price at the beginning of such fiscal year.
​
(6)
Represents the Dow Jones U.S. Asset Managers Index peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated.
​
(7)
The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
​
(8)
FEEUM Capital Raise is defined as the gross increase in FEEUM resulting from capital commitments closed during the applicable fiscal year. While the Company uses numerous financial and non-financial performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that FEEUM Capital Raise is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the company to link compensation actually paid to the company’s NEOs, for the most recently completed fiscal year, to company performance.
     
Named Executive Officers, Footnote
(1)
The dollar amounts in columns (b)(i) and (b)(ii) are the amounts of total compensation reported for each principal executive officer (“PEO”) as reported in the “Total” column of the Summary Compensation Table for each year in which they served as PEO, and we refer to Mr. Barrack as our “Prior PEO.” Refer to “Executive Compensation—Executive Compensation Tables—Summary Compensation Table.”
(3)
The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s NEOs as a group excluding the PEO (the “Non-PEO NEOs”) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the Non-PEO NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2023, Benjamin J. Jenkins, Jacky Wu, Geoffrey Goldschein, Liam Stewart and Ronald M. Sanders; (ii) for 2022, Benjamin J. Jenkins, Jacky Wu, Ronald M. Sanders and Liam Stewart; (ii) for 2021, Jacky Wu, Ronald M. Sanders, Sonia Kim and Thomas J. Barrack, Jr.; and (iii) for 2020, Jacky Wu, Ronald M. Sanders, Neale W. Redington, Mark M. Hedstrom, Darren J. Tangen and Kevin P. Traenkle.
​
      
Peer Group Issuers, Footnote
(6)
Represents the Dow Jones U.S. Asset Managers Index peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated.
     
Adjustment To PEO Compensation, Footnote
(2)
The dollar amounts in columns (c)(i) and (c)(ii) represent the amount of “compensation actually paid” to each PEO as computed in accordance with Item 402(v) of Regulation S-K for each corresponding year in which they served as PEO. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Ganzi or our Prior PEO during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Ganzi’s total compensation for each year to determine the compensation actually paid:
​
Year
​ ​
Reported
Summary
Compensation
Table Total
for PEO
($)
​ ​
Reported
Value of
Equity
Awards(a)
($)
​ ​
Equity
Award
Adjustments(b)
($)
​ ​
Compensation
Actually
Paid to PEO
($)
​
​
2023
​ ​ ​ ​ 7,282,550 ​ ​ ​ ​ ​ (2,597,650) ​ ​ ​ ​ ​ 5,406,378 ​ ​ ​ ​ ​ 10,091,279 ​ ​
​
2022
​ ​ ​ ​ 38,321,508 ​ ​ ​ ​ ​ (7,246,051) ​ ​ ​ ​ ​ (54,463,911) ​ ​ ​ ​ ​ (23,388,454) ​ ​
​
2021
​ ​ ​ ​ 22,459,034 ​ ​ ​ ​ ​ (10,922,100) ​ ​ ​ ​ ​ 51,787,549 ​ ​ ​ ​ ​ 63,324,484 ​ ​
​
2020
​ ​ ​ ​ 4,815,779 ​ ​ ​ ​ ​ (176,489) ​ ​ ​ ​ ​ 5,751,542 ​ ​ ​ ​ ​ 10,390,831 ​ ​
In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to our Prior PEOs total compensation to determine the compensation actually paid in 2020:
​
Year
​ ​
Reported
Summary
Compensation
Table Total
for PEO
($)
​ ​
Reported
Value of
Equity
Awards(a)
($)
​ ​
Equity
Award
Adjustments(b)
($)
​ ​
Compensation
Actually
Paid to PEO
($)
​
​
2020
​ ​ ​ ​ 10,200,262 ​ ​ ​ ​ ​ (3,565,431) ​ ​ ​ ​ ​ 21,542,342 ​ ​ ​ ​ ​ 28,177,174 ​ ​
​
(a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.
​
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
​
The amounts deducted or added in calculating the equity award adjustments for Mr. Ganzi are as follows:
​
Year
​ ​
Year End
Fair Value
of Equity
Awards
($)
​ ​
Year
over Year
Change in
Fair Value of
Outstanding
and Unvested
Equity Awards
($)
​ ​
Fair
Value as of
Vesting Date
of Equity
Awards
Granted
and Vested
in the Year
($)
​ ​
Year
over Year
Change in
Fair Value
of Equity
Awards
Granted
in Prior Years
that Vested
in the Year
($)
​ ​
Fair
Value at the
End of the
Prior
Year of Equity
Awards that
Failed
to Meet
Vesting
Conditions
in the Year
($)
​ ​
Value
of Dividends
or other
Earnings
Paid on
Stock not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
​ ​
Total
Equity
Award
Adjustments
($)
​
​
2023
​ ​ ​ ​ 4,003,574 ​ ​ ​ ​ ​ 1,286,397 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 106,288 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 10,118 ​ ​ ​ ​ ​ 5,406,378 ​ ​
​
2022
​ ​ ​ ​ 1,671,856 ​ ​ ​ ​ ​ (55,660,831) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (477,512) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,576 ​ ​ ​ ​ ​ (54,463,911) ​ ​
​
2021
​ ​ ​ ​ 12,141,070 ​ ​ ​ ​ ​ 39,611,280 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 35,199 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 51,787,549 ​ ​
​
2020
​ ​ ​ ​ 648,535 ​ ​ ​ ​ ​ 5,097,629 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,378 ​ ​ ​ ​ ​ 5,751,542 ​ ​
The amounts deducted or added in calculating the equity award adjustments for our Prior PEO in 2020 are as follows:
​ ​ ​ ​
Year End
Fair Value
of Equity
Awards
($)
​ ​
Year
over Year
Change in
Fair Value of
Outstanding
and Unvested
Equity Awards
($)
​ ​
Fair
Value as of
Vesting Date
of Equity
Awards
Granted
and Vested
in the Year
($)
​ ​
Year
over Year
Change in
Fair Value
of Equity
Awards
Granted
in Prior Years
that Vested
in the Year
($)
​ ​
Fair
Value at the
End of the
Prior
Year of Equity
Awards that
Failed
to Meet
Vesting
Conditions
in the Year
($)
​ ​
Value
of Dividends
or other
Earnings
Paid on
Stock not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
​ ​
Total
Equity
Award
Adjustments
($)
​
​
2020
​ ​ ​ ​ 13,101,786 ​ ​ ​ ​ ​ 1,239,403 ​ ​ ​ ​ ​ 5,448,922 ​ ​ ​ ​ ​ (744,577) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,496,808 ​ ​ ​ ​ ​ 21,542,342 ​ ​
​
      
Non-PEO NEO Average Total Compensation Amount $ 4,075,207 $ 7,646,528 $ 9,614,818 $ 4,573,017
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,059,367 3,902,589 14,986,393 6,045,206
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the Non-PEO NEOs, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the Non-PEO NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the Non-PEO NEOs for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
​
​
Year
​ ​
Average
Reported Summary
Compensation
Table Total for
Non-PEO NEOs
($)
​ ​
Average
Reported
Value of Equity
Awards
($)
​ ​
Average Equity
Award
Adjustments(a)
($)
​ ​
Average
Compensation
Actually Paid
to Non-PEO NEOs
($)
​
​
2023
​ ​ ​ ​ 4,075,207 ​ ​ ​ ​ ​ (1,642,472) ​ ​ ​ ​ ​ 2,626,632 ​ ​ ​ ​ ​ 5,059,367 ​ ​
​
2022
​ ​ ​ ​ 7,646,528 ​ ​ ​ ​ ​ (1,212,185) ​ ​ ​ ​ ​ (2,531,754) ​ ​ ​ ​ ​ 3,902,589 ​ ​
​
2021
​ ​ ​ ​ 9,614,818 ​ ​ ​ ​ ​ (2,623,760) ​ ​ ​ ​ ​ 7,995,335 ​ ​ ​ ​ ​ 14,986,393 ​ ​
​
2020
​ ​ ​ ​ 4,573,017 ​ ​ ​ ​ ​ (722,530) ​ ​ ​ ​ ​ 2,194,719 ​ ​ ​ ​ ​ 6,045,206 ​ ​
(a)
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
​
Year
​ ​
Average
Year End
Fair Value
of Equity
Awards
($)
​ ​
Year over
Year Average
Change in
Fair Value of
Outstanding
and Unvested
Equity Awards
($)
​ ​
Average
Fair
Value as of
Vesting Date
of Equity
Awards
Granted
and Vested
in the Year
($)
​ ​
Year over Year
Average
Change in
Fair Value
of Equity
Awards
Granted
in Prior Years
that Vested
in the Year
($)
​ ​
Average Fair
Value at the
End of the
Prior
Year of Equity
Awards that
Failed
to Meet
Vesting
Conditions
in the Year
($)
​ ​
Average Value
of Dividends
or other
Earnings
Paid on
Stock not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
​ ​
Total
Average
Equity
Award
Adjustments
($)
​
​
2023
​ ​ ​ ​ 2,088,030 ​ ​ ​ ​ ​ 158,457 ​ ​ ​ ​ ​ 271,671 ​ ​ ​ ​ ​ 105,220 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,253 ​ ​ ​ ​ ​ 2,626,632 ​ ​
​
2022
​ ​ ​ ​ 338,993 ​ ​ ​ ​ ​ (2,375,753) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (495,810) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 816 ​ ​ ​ ​ ​ (2,531,754) ​ ​
​
2021
​ ​ ​ ​ 2,296,938 ​ ​ ​ ​ ​ 3,969,682 ​ ​ ​ ​ ​ 602,441 ​ ​ ​ ​ ​ 1,126,274 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 7,995,335 ​ ​
​
2020
​ ​ ​ ​ 2,110,144 ​ ​ ​ ​ ​ 89,316 ​ ​ ​ ​ ​ 352,189 ​ ​ ​ ​ ​ (404,145) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 47,215 ​ ​ ​ ​ ​ 2,194,719 ​ ​
     
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid and Cumulative TSR
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Compensation Actually Paid vs. Net Income
Compensation Actually Paid and Net Income (Loss)
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Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid and FEEUM Capital Raise
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Total Shareholder Return Vs Peer Group
Cumulative TSR of the Company and Cumulative TSR of the Peer Group
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Tabular List, Table
Financial Performance Measures
As described in greater detail in “Executive Compensation—Compensation Discussion and Analysis,” the Company’s executive compensation program reflects a variable pay-for-performance philosophy. The metrics that the Company uses for both our long-term and short-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our shareholders. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:
■
FEEUM Capital Raise
​
■
Run-rate FRE
​
■
Run-rate Earnings
​
■
Relative TSR (the Company’s TSR as compared to a peer group established by the Compensation Committee)
     
Total Shareholder Return Amount $ 97.29 60.68 184.51 106.54
Peer Group Total Shareholder Return Amount 139.77 117.15 153.75 111.72
Net Income (Loss) $ 45,000,000 $ (570,000,000) $ (817,000,000) $ (3,790,000,000)
Company Selected Measure Amount 6,853 4,618 6,810 7,246
PEO Name Mr. Ganzi      
Measure:: 1        
Pay vs Performance Disclosure        
Name FEEUM Capital Raise      
Non-GAAP Measure Description
(8)
FEEUM Capital Raise is defined as the gross increase in FEEUM resulting from capital commitments closed during the applicable fiscal year. While the Company uses numerous financial and non-financial performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that FEEUM Capital Raise is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the company to link compensation actually paid to the company’s NEOs, for the most recently completed fiscal year, to company performance.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Run-rate FRE      
Measure:: 3        
Pay vs Performance Disclosure        
Name Run-rate Earnings      
Measure:: 4        
Pay vs Performance Disclosure        
Name Relative TSR (the Company’s TSR as compared to a peer group established by the Compensation Committee)      
Marc C. Ganzi [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 7,282,550 $ 38,321,508 $ 22,459,034 $ 4,815,779
PEO Actually Paid Compensation Amount 10,091,279 (23,388,454) 63,324,484 10,390,831
Thomas Barrack, Jr. [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount 10,200,262
PEO Actually Paid Compensation Amount 28,177,174
PEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
PEO | Marc C. Ganzi [Member] | Reported Value of Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (2,597,650) (7,246,051) (10,922,100) (176,489)
PEO | Marc C. Ganzi [Member] | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,406,378 (54,463,911) 51,787,549 5,751,542
PEO | Marc C. Ganzi [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,003,574 1,671,856 12,141,070 648,535
PEO | Marc C. Ganzi [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,286,397 (55,660,831) 39,611,280 5,097,629
PEO | Marc C. Ganzi [Member] | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Marc C. Ganzi [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 106,288 (477,512) 35,199
PEO | Marc C. Ganzi [Member] | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Marc C. Ganzi [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 10,118 2,576 5,378
PEO | Thomas Barrack, Jr. [Member] | Reported Value of Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       (3,565,431)
PEO | Thomas Barrack, Jr. [Member] | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       21,542,342
PEO | Thomas Barrack, Jr. [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       13,101,786
PEO | Thomas Barrack, Jr. [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       1,239,403
PEO | Thomas Barrack, Jr. [Member] | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       5,448,922
PEO | Thomas Barrack, Jr. [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       (744,577)
PEO | Thomas Barrack, Jr. [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       2,496,808
Non-PEO NEO | Reported Value of Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,642,472) (1,212,185) (2,623,760) (722,530)
Non-PEO NEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,626,632 (2,531,754) 7,995,335 2,194,719
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,088,030 338,993 2,296,938 2,110,144
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 158,457 (2,375,753) 3,969,682 89,316
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 271,671 602,441 352,189
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 105,220 (495,810) 1,126,274 (404,145)
Non-PEO NEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 3,253 $ 816 $ 47,215