v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
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 under the Securities Act, we are providing the following information about the relationship between executive “compensation actually paid” and certain financial performance of the Company. For further information concerning the Company’s pay for performance philosophy and how the Company aligns executive compensation with the Company’s performance, see the “Compensation Discussion and Analysis” above.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100
Investment Based on
Stockholder Return

 

 

 

 

 

Year

Summary Compensation Table (SCT) Total for CEO 1

 

SCT Total for CEO 2

 

SCT Total for CEO 3

 

Compensation Actually Paid to CEO 1(1)

 

Compensation Actually Paid to CEO 2(1)

 

Compensation Actually Paid to CEO 3(1)

 

Average Summary Compensation Table Total for Other NEOs(2)

 

Average Compensation Actually Paid to Other NEOs(3)

 

Total Stockholder Return(4)

 

Peer Group Total Stockholder Return(5)

 

Net
Income (6)

 

Fee Related Earnings (Company Selected Measure)(7)

 

2025

 

5,196,158

 

 

—

 

 

—

 

 

3,707,232

 

 

—

 

 

—

 

 

1,644,851

 

 

1,362,110

 

 

81.21

 

 

124.52

 

 

22,963,000

 

 

141,100,000

 

2024

 

3,147,907

 

 

—

 

 

—

 

 

4,752,436

 

 

—

 

 

—

 

 

1,516,654

 

 

2,018,871

 

 

104.39

 

 

121.38

 

 

19,667,000

 

 

142,118,000

 

2023

 

7,285,651

 

 

9,966,991

 

 

10,868,392

 

 

7,972,674

 

 

11,740,626

 

 

12,731,059

 

 

971,210

 

 

933,576

 

 

84.60

 

 

90.06

 

 

(7,772,000

)

 

123,097,000

 

 

(1)
The dollar amounts reported in this column represent the “compensation actually paid” to Mr. Sarsfield (CEO 1), Mr. Alpert (CEO 2), and Mr. Webb (CEO 3) as computed in accordance with Item 402(v) of Regulation S-K and do not reflect the total compensation actually realized or received by Mr. Sarsfield, Mr. Alpert, and Mr. Webb. In accordance with these rules, these amounts reflect total compensation as reported in the Summary Compensation Table for each fiscal year, subject to certain adjustments. The following table shows the adjustments for fiscal years 2025, 2024, and 2023. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.

 

 

2025

 

2024

 

2023

 

Summary Compensation Table Total

 

 

$

5,196,158

 

 

$

3,147,907

 

 

$

7,285,651

 

Less, value of “Stock Awards” and "Option Awards" reported in Summary Compensation Table

 

 

$

(1,993,799

)

 

$

(30,000

)

 

$

(7,000,005

)

Plus, year-end fair value of outstanding and unvested equity awards granted in the year

 

 

$

1,560,489

 

 

$

362,991

 

 

$

6,687,028

 

Plus, fair value as of the vesting date for vested awards

 

 

$

—

 

 

$

—

 

 

$

1,000,001

 

Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years

 

 

$

(610,686

)

 

$

1,042,530

 

 

$

—

 

Plus (less), change in fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year

 

 

$

(444,930

)

 

$

229,008

 

 

$

—

 

Compensation Actually Paid to Mr. Sarsfield (CEO 1)

 

 

$

3,707,232

 

 

$

4,752,436

 

 

$

7,972,674

 

 

 

2023

 

Summary Compensation Table Total

 

 

$

9,966,991

 

Less, value of “Stock Awards” and "Option Awards" reported in Summary Compensation Table

 

 

$

(4,928,538

)

Plus, year-end fair value of outstanding and unvested equity awards granted in the year

 

 

$

—

 

Plus, fair value as of the vesting date for vested awards

 

 

$

6,697,142

 

Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years

 

 

$

—

 

Plus (less), change in fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year

 

 

$

5,031

 

Compensation Actually Paid to Mr. Alpert (CEO 2)

 

 

$

11,740,626

 

 

 

 

 

2023

 

Summary Compensation Table Total

 

 

$

10,868,392

 

Less, value of “Stock Awards” and "Option Awards" reported in Summary Compensation Table

 

 

$

(5,828,537

)

Plus, year-end fair value of outstanding and unvested equity awards granted in the year

 

 

$

—

 

Plus, fair value as of the vesting date for vested awards

 

 

$

7,686,173

 

Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years

 

 

$

—

 

Plus (less), change in fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year

 

 

$

5,031

 

Compensation Actually Paid to Mr. Webb (CEO 3)

 

 

$

12,731,059

 

 

 

 

 

 

 

(2)
The dollar amounts reported in this column represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding Mr. Sarsfield) as total compensation in our Summary Compensation Table for each of the corresponding fiscal years. The NEOs included for this purpose are as follows: (i) for fiscal 2025, Mses. Coussens and Jairath and Messrs. Hood and Jensen, and (ii) for fiscal 2023-2024, Ms. Coussens and Mr. Hood.
(3)
The dollar amounts reported in this column represent the “compensation actually paid” to the NEOs as a group (excluding Mr. Sarsfield), as computed in accordance with Item 402(v) of Regulation S-K. In accordance with these rules, these amounts reflect total compensation as reported in the Summary Compensation Table for each fiscal year, subject to certain adjustments. The following table shows the adjustments for fiscal 2025. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.

 

 

 

2025

 

2024

 

2023

 

Average Summary Compensation Table Total

 

 

$

1,644,851

 

 

$

1,516,654

 

 

$

971,210

 

Less, value of “Stock Awards” and "Option Awards" reported in Summary Compensation Table

 

 

$

(609,861

)

 

$

(365,100

)

 

$

(418,419

)

Plus, average year-end fair value of outstanding and unvested equity awards granted in the year

 

 

$

540,995

 

 

$

718,671

 

 

$

426,210

 

Plus (less), average year over year change in fair value of outstanding and unvested equity awards granted in prior years

 

 

$

(210,549

)

 

$

157,512

 

 

$

(46,682

)

Plus (less), average change in fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year

 

 

$

(3,327

)

 

$

(8,866

)

 

$

1,258

 

Average Compensation Actually Paid to Non-CEO NEOs

 

 

$

1,362,110

 

 

$

2,018,871

 

 

$

933,576

 

 

(4)
Reflects the cumulative total stockholder return of the Company for the year ended December 31, 2023, the two years ended December 31, 2024, and the three years ended December 31, 2025, assuming a $100 investment at the closing stock price on December 31, 2022 and the reinvestment of all dividends.
(5)
The peer group used for this purpose is the: Dow Jones US Asset Managers Index.
(6)
The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
(7)
For purposes of Item 402(v)(2)(iii) of Regulation S-K and as further described below in “Tabular List of Most Important Performance Measures”, we have identified Fee Related Earnings (“FRE”) as our Company-Selected Measure. FRE is described in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations”—“Non-GAAP Financial Measures” of our Annual Report on Form 10-K for the year ended December 31, 2025. For an explanation of how we calculate FRE, please see Appendix A.
    
Company Selected Measure Name Fee Related Earnings    
Named Executive Officers, Footnote
(1)
The dollar amounts reported in this column represent the “compensation actually paid” to Mr. Sarsfield (CEO 1), Mr. Alpert (CEO 2), and Mr. Webb (CEO 3) as computed in accordance with Item 402(v) of Regulation S-K and do not reflect the total compensation actually realized or received by Mr. Sarsfield, Mr. Alpert, and Mr. Webb. In accordance with these rules, these amounts reflect total compensation as reported in the Summary Compensation Table for each fiscal year, subject to certain adjustments. The following table shows the adjustments for fiscal years 2025, 2024, and 2023. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
(2)
The dollar amounts reported in this column represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding Mr. Sarsfield) as total compensation in our Summary Compensation Table for each of the corresponding fiscal years. The NEOs included for this purpose are as follows: (i) for fiscal 2025, Mses. Coussens and Jairath and Messrs. Hood and Jensen, and (ii) for fiscal 2023-2024, Ms. Coussens and Mr. Hood.
    
Peer Group Issuers, Footnote
(5)
The peer group used for this purpose is the: Dow Jones US Asset Managers Index.
    
Adjustment To PEO Compensation, Footnote

 

2025

 

2024

 

2023

 

Summary Compensation Table Total

 

 

$

5,196,158

 

 

$

3,147,907

 

 

$

7,285,651

 

Less, value of “Stock Awards” and "Option Awards" reported in Summary Compensation Table

 

 

$

(1,993,799

)

 

$

(30,000

)

 

$

(7,000,005

)

Plus, year-end fair value of outstanding and unvested equity awards granted in the year

 

 

$

1,560,489

 

 

$

362,991

 

 

$

6,687,028

 

Plus, fair value as of the vesting date for vested awards

 

 

$

—

 

 

$

—

 

 

$

1,000,001

 

Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years

 

 

$

(610,686

)

 

$

1,042,530

 

 

$

—

 

Plus (less), change in fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year

 

 

$

(444,930

)

 

$

229,008

 

 

$

—

 

Compensation Actually Paid to Mr. Sarsfield (CEO 1)

 

 

$

3,707,232

 

 

$

4,752,436

 

 

$

7,972,674

 

 

 

2023

 

Summary Compensation Table Total

 

 

$

9,966,991

 

Less, value of “Stock Awards” and "Option Awards" reported in Summary Compensation Table

 

 

$

(4,928,538

)

Plus, year-end fair value of outstanding and unvested equity awards granted in the year

 

 

$

—

 

Plus, fair value as of the vesting date for vested awards

 

 

$

6,697,142

 

Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years

 

 

$

—

 

Plus (less), change in fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year

 

 

$

5,031

 

Compensation Actually Paid to Mr. Alpert (CEO 2)

 

 

$

11,740,626

 

 

 

 

 

2023

 

Summary Compensation Table Total

 

 

$

10,868,392

 

Less, value of “Stock Awards” and "Option Awards" reported in Summary Compensation Table

 

 

$

(5,828,537

)

Plus, year-end fair value of outstanding and unvested equity awards granted in the year

 

 

$

—

 

Plus, fair value as of the vesting date for vested awards

 

 

$

7,686,173

 

Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years

 

 

$

—

 

Plus (less), change in fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year

 

 

$

5,031

 

Compensation Actually Paid to Mr. Webb (CEO 3)

 

 

$

12,731,059

 

 

 

 

 

 

 

    
Non-PEO NEO Average Total Compensation Amount $ 1,644,851 $ 1,516,654 $ 971,210
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,362,110 2,018,871 933,576
Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid, Ridgepost TSR & Peer Group TSR

img44316072_7.gif
   
Compensation Actually Paid vs. Net Income

Compensation Actually Paid & Net Income

img44316072_8.gif
   
Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid & Fee Related Earnings

img44316072_9.gif
   
Total Shareholder Return Vs Peer Group

Compensation Actually Paid, Ridgepost TSR & Peer Group TSR

img44316072_7.gif
   
Tabular List, Table

Financial Performance Measures

As described further under “Compensation Discussion and Analysis,” the Company’s executive compensation program reflects our performance-based compensation culture. The financial performance measures used by the Company to link executive compensation actually paid for fiscal 2025 to the Company’s performance are as follows:

•
Fee-Related Earnings
•
Fee-Related Revenue
•
Fee-Paying Assets Under Management
•
Adjusted Net Income per Share
    
Total Shareholder Return Amount $ 81.21 104.39 84.6
Peer Group Total Shareholder Return Amount $ 124.52 $ 121.38 $ 90.06
Company Selected Measure Amount 141,100,000 142,118,000 123,097,000
PEO Name Mr. Sarsfield (CEO 1)    
Net Income $ 22,963,000 $ 19,667,000 $ (7,772,000)
Measure:: 1      
Pay vs Performance Disclosure      
Name Fee-Related Earnings    
Non-GAAP Measure Description
(7)
For purposes of Item 402(v)(2)(iii) of Regulation S-K and as further described below in “Tabular List of Most Important Performance Measures”, we have identified Fee Related Earnings (“FRE”) as our Company-Selected Measure. FRE is described in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations”—“Non-GAAP Financial Measures” of our Annual Report on Form 10-K for the year ended December 31, 2025. For an explanation of how we calculate FRE, please see Appendix A.
    
Measure:: 2      
Pay vs Performance Disclosure      
Name Fee-Related Revenue    
Measure:: 3      
Pay vs Performance Disclosure      
Name Fee-Paying Assets Under Management    
Measure:: 4      
Pay vs Performance Disclosure      
Name Adjusted Net Income per Share    
Mr. Sarsfield      
Pay vs Performance Disclosure      
PEO Total Compensation Amount $ 5,196,158 3,147,907 7,285,651
PEO Actually Paid Compensation Amount 3,707,232 4,752,436 7,972,674
Mr. Alpert      
Pay vs Performance Disclosure      
PEO Total Compensation Amount 0 0 9,966,991
PEO Actually Paid Compensation Amount 0 0 11,740,626
Mr. Webb      
Pay vs Performance Disclosure      
PEO Total Compensation Amount 0 0 10,868,392
PEO Actually Paid Compensation Amount 0 0 12,731,059
PEO | Mr. Sarsfield | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (1,993,799) (30,000) (7,000,005)
PEO | Mr. Sarsfield | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,560,489 362,991 6,687,028
PEO | Mr. Sarsfield | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (610,686) 1,042,530  
PEO | Mr. Sarsfield | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     1,000,001
PEO | Mr. Sarsfield | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (444,930) 229,008  
PEO | Mr. Alpert | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     (4,928,538)
PEO | Mr. Alpert | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     6,697,142
PEO | Mr. Alpert | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     5,031
PEO | Mr. Webb | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     (5,828,537)
PEO | Mr. Webb | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     7,686,173
PEO | Mr. Webb | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     5,031
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (609,861) (365,100) (418,419)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 540,995 718,671 426,210
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (210,549) 157,512 (46,682)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (3,327) $ (8,866) $ 1,258