JOSEPHS ROBIN 4

What Happened

• Robin Josephs, a Safehold Inc. (SAFE) director, was granted 359 Common Stock Equivalents (CSEs on April 15, 2026) as an award/deferral under the company's Non‑Employee Directors' Deferral Plan. The reported acquisition price was $0.00 (this is a deferred award, not a cash purchase).

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (appears timely).
• Transaction type/code: Award/Grant (A); 359 CSEs acquired at $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Under the Deferral Plan, dividends declared on Safehold common stock are credited as additional CSEs; each CSE converts one-for-one into a share of Safehold common stock.
• Filing accession: 0001222801-26-000005.

Context

• These CSEs are deferred compensation for a non-employee director and are not an open‑market purchase or sale—such awards are routine part of director pay and do not directly signal immediate buying or selling of shares.
• Because each CSE converts one-for-one into common stock, the award increases potential future share ownership if converted.