Safestore Holdings Management

Management criteria checks 3/4

Safestore Holdings' CEO is Frederic Vecchioli, appointed in Sep 2013, has a tenure of 10.58 years. total yearly compensation is £1.33M, comprised of 35.3% salary and 64.7% bonuses, including company stock and options. directly owns 1.51% of the company’s shares, worth £25.13M. The average tenure of the management team and the board of directors is 5.5 years and 2.4 years respectively.

Key information

Frederic Vecchioli

Chief executive officer

UK£1.3m

Total compensation

CEO salary percentage	35.3%
CEO tenure	10.6yrs
CEO ownership	1.5%
Management average tenure	5.5yrs
Board average tenure	2.4yrs

Recent management updates

Recent updates

Did Safestore Holdings plc (LON:SAFE) Insiders Buy Up More Shares?

Dec 22

CEO Compensation Analysis

How has Frederic Vecchioli's remuneration changed compared to Safestore Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Oct 31 2023	UK£1m	UK£468k	UK£200m
Jul 31 2023	n/a	n/a	UK£243m
Apr 30 2023	n/a	n/a	UK£286m
Jan 31 2023	n/a	n/a	UK£374m
Oct 31 2022	UK£8m	UK£448k	UK£463m
Jul 31 2022	n/a	n/a	UK£478m
Apr 30 2022	n/a	n/a	UK£494m
Jan 31 2022	n/a	n/a	UK£438m
Oct 31 2021	UK£17m	UK£431k	UK£382m
Jul 31 2021	n/a	n/a	UK£314m
Apr 30 2021	n/a	n/a	UK£247m
Jan 31 2021	n/a	n/a	UK£212m
Oct 31 2020	UK£1m	UK£417k	UK£178m
Jul 31 2020	n/a	n/a	UK£183m
Apr 30 2020	n/a	n/a	UK£187m
Jan 31 2020	n/a	n/a	UK£160m
Oct 31 2019	UK£1m	UK£412k	UK£132m
Jul 31 2019	n/a	n/a	UK£130m
Apr 30 2019	n/a	n/a	UK£127m
Jan 31 2019	n/a	n/a	UK£152m
Oct 31 2018	UK£2m	UK£404k	UK£177m
Jul 31 2018	n/a	n/a	UK£141m
Apr 30 2018	n/a	n/a	UK£104m
Jan 31 2018	n/a	n/a	UK£91m
Oct 31 2017	UK£2m	UK£388k	UK£78m

Compensation vs Market: Frederic's total compensation ($USD1.66M) is about average for companies of similar size in the UK market ($USD2.33M).

Compensation vs Earnings: Frederic's compensation has been consistent with company performance over the past year.

CEO

Frederic Vecchioli (57 yo)

10.6yrs

Tenure

UK£1,325,000

Compensation

Mr. Frederic Vecchioli serves as the Chief Executive Officer and Director of Safestore Limited. Mr. Vecchioli has been the Chief Executive Officer of Safestore Holdings plc since September 4, 2013 and has...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frederic Vecchioli	CEO & Director	10.6yrs	UK£1.33m	1.51% £ 25.1m
Simon Clinton	CFO & Director	less than a year	no data	no data
David Davies	Business Development Director	15.3yrs	no data	no data
David Orr	Company Secretary	less than a year	no data	no data

5.5yrs

Average Tenure

Experienced Management: SAFE's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frederic Vecchioli	CEO & Director	13.1yrs	UK£1.33m	1.51% £ 25.1m
Simon Clinton	CFO & Director	no data	no data	no data
Marie-Laure Duhot	Independent Non-Executive Director	2.4yrs	UK£61.00k	0.00078% £ 13.0k
Gert van de Weerdhof	Independent Non-Executive Director	3.8yrs	UK£57.00k	0.0042% £ 69.3k
David Lovat Hearn	Independent Non-Executive Chairman	4.3yrs	UK£203.00k	0.0069% £ 114.5k
Ian Krieger	Senior Independent Director	10.5yrs	UK£82.00k	0.041% £ 675.9k
Delphine Mousseau	Independent Non-Executive Director	2.4yrs	UK£59.00k	0.00067% £ 11.2k
Avis Darzins	Independent Non-Executive Director	less than a year	UK£10.00k	no data
Jane Bentall	Independent Non-Executive Director	1.9yrs	UK£26.00k	0.0043% £ 71.0k

2.4yrs

Average Tenure

59.5yo

Average Age

Experienced Board: SAFE's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Safestore Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

Safestore Holdings plc Announces Directorate Changes

Safestore Announces CFO Changes

CFO & Director recently sold UK£273k worth of stock

Safestore Holdings Plc, Annual General Meeting, Mar 15, 2024

Safestore Holdings plc Appoints Avis Darzins as Director of the Board and as an Independent Non-Executive Director, Effective 1 September 2023

CEO & Director recently bought UK£519k worth of stock

Recent updates

Safestore Holdings Plc to Report First Half, 2024 Results on Jun 12, 2024

Safestore Holdings plc Announces Directorate Changes

Safestore Holdings plc Declares Final Dividend

Upcoming dividend of UK£0.20 per share

Safestore Announces CFO Changes

CFO & Director recently sold UK£273k worth of stock

Consensus EPS estimates increase by 32%

Now 20% undervalued

Final dividend of UK£0.20 announced

Safestore Holdings Plc, Annual General Meeting, Mar 15, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

Now 21% undervalued

Safestore Holdings Plc Provides Group Revenue Guidance for the First Two Months of the 2024

Safestore Holdings Plc to Report Fiscal Year 2023 Results on Jan 17, 2024

Safestore Holdings plc Appoints Avis Darzins as Director of the Board and as an Independent Non-Executive Director, Effective 1 September 2023

Upcoming dividend of UK£0.099 per share at 3.6% yield

CEO & Director recently bought UK£519k worth of stock

New minor risk - Profit margin trend

First half 2023 earnings released: EPS: UK£0.43 (vs UK£1.28 in 1H 2022)

Safestore Holdings plc Announces Interim Dividend for the Six Months Ended 30 April 2023, Payable on 10 August 2023

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Upcoming dividend of UK£0.20 per share at 2.9% yield

CEO & Director recently bought UK£118k worth of stock

Safestore Holdings plc, Annual General Meeting, Mar 15, 2023

Full year 2022 earnings: EPS exceeds analyst expectations

Safestore Holdings plc Recommends Final Dividend, Payable on April 7, 2023

CEO & Director recently sold UK£8.7m worth of stock

The Carlyle Group Inc. (NasdaqGS:CG) and Safestore Holdings plc (LSE:SAFE) acquired Portfolio of self-storage assets.

Safestore Holdings plc to Report Fiscal Year 2022 Results on Jan 17, 2023

High number of new directors

Price target decreased to UK£11.74

CEO & Director recently bought UK£993k worth of stock

Now 20% undervalued

Consensus forecasts updated

Now 21% undervalued after recent price drop

Upcoming dividend of UK£0.094 per share

Now 20% undervalued after recent price drop

High number of new directors

Safestore Holdings plc Announces Directorate Changes and Committee Composition

Now 20% undervalued after recent price drop

Safestore Holdings plc to Report First Half, 2022 Results on Jun 21, 2022

Safestore Holdings plc (LSE:SAFE) acquired M3 Self Storage for €67 million.

Upcoming dividend of UK£0.18 per share

Safestore Holdings plc to Report First Half, 2022 Results on Apr 30, 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Safestore Holdings plc to Report Fiscal Year 2021 Final Results on Feb 11, 2022

Consensus forecasts updated

Full year 2021 earnings: Revenues in line with analyst expectations

CEO & Director exercised options and sold UK£149k worth of stock

Price target increased to UK£11.88

Consensus forecasts updated

Upcoming dividend of UK£0.075 per share

First half 2021 earnings released: EPS UK£0.75 (vs UK£0.42 in 1H 2020)

Consensus EPS estimates increase to UK£0.69

Price target increased to UK£9.82

Consensus forecasts updated

Safestore Holdings plc Approves Final Dividend

New 90-day high: UK£8.33

Safestore Holdings plc Agrees New 18-Year Lease on Hayes Store

Full year 2020 earnings released: EPS UK£0.85 (vs UK£0.63 in FY 2019)

Revenue and earnings beat expectations

Revenue and earnings beat expectations

Safestore Holdings plc, Annual General Meeting, Mar 17, 2021

Revenue and earnings beat expectations

Carlyle European Real Estate Fund, managed by The Carlyle Group Inc. (NasdaqGS:CG) and Safestore Holdings plc (LSE:SAFE) acquired Three-store portfolio of Opslag XL.

Full year 2020 earnings released: EPS UK£0.85

Did Safestore Holdings plc (LON:SAFE) Insiders Buy Up More Shares?

New 90-day low: UK£7.37