JOSEPHS ROBIN 4

What Happened
Josephs Robin, a Safehold Inc. director, was credited with 362 common stock equivalents (CSEs) on January 15, 2026. The filing lists the transaction as an award/acquisition (code A) at $0.00, so no cash was paid; reported value = $0. Each CSE is convertible one-for-one into a share of Safehold common stock.

Key Details

• Transaction date: January 15, 2026; Form 4 filed January 20, 2026 (appears timely).
• Transaction type/code: Award/acquisition (A). Price per unit reported: $0.00. Total reported value: $0.
• Shares owned after transaction: not specified in the filing.
• Footnote: Under the Non-Employee Directors' Deferral Plan, the 362 CSEs were credited as deferred compensation. CSEs receive additional units when Safehold pays dividends and convert one-for-one into common shares.
• No 10b5-1 plan, sale, gift, or tax-withholding noted.

Context
This was a director compensation deferral (not an open-market purchase or sale). Such credits are routine for non-employee directors and reflect compensation/deferral mechanics rather than an independent buy/sell signal about management sentiment.