BrightSpire extends CEO Mazzei's term to 2030; reduces bonus and LTIP targets for 2027-2029

BrightSpire Capital, Inc.

CEO Michael Mazzei's employment term extended from March 31, 2027 to March 31, 2030.
Annual cash bonus target reduced: 2027 to $1.575M, 2028 to $1.45M, 2029 to $1.375M (from $1.75M).
Annual LTIP target reduced: 2027 to $2.7M, 2028 to $2.475M, 2029 to $2.375M (from $3.0M).
Severance calculation retains original $1.75M bonus and $3.0M LTIP targets despite amendments.
Base salary remains $800,000; amendment effective May 19, 2026.

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