Board Justification

Our compensation philosophy has several primary objectives: attract, motivate and retain talented and experienced executives in our industry, reward executives whose knowledge, skills and performance are critical to our success, align executives’ interests with our investors and stockholders, and foster a shared commitment among executives by aligning their individual goals with the goals of our company.

Board Justification

Represents the discretionary cash bonuses described in further detail above under the section titled 'Elements of Compensation — Cash Bonus Payments — Discretionary Cash Bonus Payments.'

Board Justification

For 2023, represents $655,183 for wealth management services and $18,416 for supplemental medical insurance provided to certain executives.

Board Justification

Represents quarterly grants of Incentive Units in an amount equal to 1.33% of the Management Fee Revenue earned with respect to the fourth quarter of 2022 and the first, second and third quarters of 2023, less base salary. Amounts related to the fourth quarter of 2023 were granted in February 2024, and therefore are not included in the table above.