STORE Capital Management

Management criteria checks 2/4

STORE Capital's CEO is Mary Fedewa, appointed in May 2011, has a tenure of 11.75 years. total yearly compensation is $7.03M, comprised of 10% salary and 90% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth MX$284.83M. The average tenure of the management team and the board of directors is 2.4 years and 6.5 years respectively.

Key information

Mary Fedewa

Chief executive officer

US$7.0m

Total compensation

CEO salary percentage	10.0%
CEO tenure	11.8yrs
CEO ownership	0.2%
Management average tenure	2.4yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mary Fedewa's remuneration changed compared to STORE Capital's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2022	n/a	n/a	US$321m
Jun 30 2022	n/a	n/a	US$329m
Mar 31 2022	n/a	n/a	US$301m
Dec 31 2021	US$7m	US$705k	US$268m
Sep 30 2021	n/a	n/a	US$248m
Jun 30 2021	n/a	n/a	US$227m
Mar 31 2021	n/a	n/a	US$205m
Dec 31 2020	US$5m	US$613k	US$213m
Sep 30 2020	n/a	n/a	US$217m
Jun 30 2020	n/a	n/a	US$274m
Mar 31 2020	n/a	n/a	US$302m
Dec 31 2019	US$5m	US$600k	US$285m
Sep 30 2019	n/a	n/a	US$281m
Jun 30 2019	n/a	n/a	US$218m
Mar 31 2019	n/a	n/a	US$212m
Dec 31 2018	US$3m	US$560k	US$217m
Sep 30 2018	n/a	n/a	US$201m
Jun 30 2018	n/a	n/a	US$181m
Mar 31 2018	n/a	n/a	US$180m
Dec 31 2017	US$2m	US$471k	US$162m
Sep 30 2017	n/a	n/a	US$153m
Jun 30 2017	n/a	n/a	US$160m
Mar 31 2017	n/a	n/a	US$129m
Dec 31 2016	US$3m	US$450k	US$123m

Compensation vs Market: Mary's total compensation ($USD7.03M) is above average for companies of similar size in the MX market ($USD2.75M).

Compensation vs Earnings: Mary's compensation has increased by more than 20% in the past year.

CEO

Mary Fedewa (56 yo)

11.8yrs

Tenure

US$7,028,435

Compensation

Ms. Mary B. Fedewa serves as the President at STORE Capital Corporation since September 2020 and also serves as its Chief Executive Officer since April 15, 2021. She served as the Chief Operating Officer o...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mary Fedewa	Co-Founder	11.8yrs	US$7.03m	0.17% $ 284.8m
Chad Freed	Executive VP	3.5yrs	US$1.86m	0.011% $ 19.2m
Tyler Maertz	Executive Vice President of Acquisitions	2.4yrs	US$1.56m	0.019% $ 33.0m
Craig Barnett	Executive Vice President of Underwriting & Portfolio Management	2.4yrs	US$1.66m	0.016% $ 27.0m
Lisa Mueller	Head of Investor Relations	no data	no data	no data
Alex McElyea	Executive Vice President of Data	less than a year	no data	no data
Lori Markson	Executive Vice President of Portfolio Operations	less than a year	no data	0.0062% $ 10.7m
Megan McGrath	Investor Relations Executive	no data	no data	no data

2.4yrs

Average Tenure

50yo

Average Age

Experienced Management: STOR *'s management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mary Fedewa	Co-Founder	6.5yrs	US$7.03m	0.17% $ 284.8m
Morton Fleischer	Chair Emeritus & Independent Director	11.8yrs	US$319.93k	0.18% $ 312.1m
Quentin Smith	Independent Director	8.3yrs	US$230.00k	0.012% $ 21.2m
Catherine Rice	Independent Director	5.3yrs	US$237.76k	0.0080% $ 13.7m
David Edwards	Independent Director	less than a year	no data	no data
Joseph Donovan	Independent Director	8.3yrs	US$235.00k	0.030% $ 52.4m
Tawn Kelley	Independent Non-Executive Chair	3yrs	US$223.69k	0.0075% $ 12.8m
Jawad Ahsan	Independent Director	less than a year	no data	0.0022% $ 3.7m
William Hipp	Independent Director	6.8yrs	US$217.47k	0.016% $ 27.3m

6.5yrs

Average Tenure

62yo

Average Age

Experienced Board: STOR *'s board of directors are considered experienced (6.5 years average tenure).

STORE Capital Management

Management criteria checks 2/4

Key information

Recent management updates

STORE Capital Corporation Announces Stepping Down of Sherry L. Rexroad as Chief Financial Officer

STORE Capital Corporation Announces Stepping Down of Sherry L. Rexroad as Executive Vice President, Treasurer and Assistant Secretary

STORE Capital Corporation, Annual General Meeting, May 26, 2022

STORE Capital Corporation Announces Executive Changes, Effective April 8, 2022

Insufficient new directors

Insufficient new directors

Recent updates

Store Capital LLC acquired VBR Corp $3.8 million.

STORE Capital Corporation announced that it expects to receive $0.125 million in funding from DLA Piper LLP (US)

GIC Real Estate, Inc. and Oak Street Real Estate Capital, LLC completed the acquisition of STORE Capital Corporation (NYSE:STOR) from Berkshire Hathaway Inc. (NYSE:BRK.A), BlackRock, Inc. (NYSE:BLK),The Vanguard Group, Inc. and others.

STORE Capital Corporation Announces Stepping Down of Sherry L. Rexroad as Chief Financial Officer

STORE Capital Corporation Announces Stepping Down of Sherry L. Rexroad as Executive Vice President, Treasurer and Assistant Secretary

Third quarter 2022 earnings released: FFO per share: US$0.6 (vs US$0.51 in 3Q 2021)

STORE Capital Corporation to Report Q3, 2022 Results on Nov 03, 2022

Upcoming dividend of US$0.41 per share

Investor sentiment improved over the past week

STORE Capital Corporation Declares Third Quarter 2022 Dividend, Payable on October 17, 2022

GIC Real Estate, Inc. and Oak Street Real Estate Capital, LLC entered into an agreement to acquire STORE Capital Corporation (NYSE:STOR) for $9.2 billion.

STORE Capital Corporation to Report Q2, 2022 Results on Aug 03, 2022

Upcoming dividend of US$0.39 per share

STORE Capital Corporation Declares Regular Quarterly Cash Dividend for the Second Quarter Ending June 30, 2022, Payable on July 15, 2022

First quarter 2022 earnings released: FFO: US$222.1m per share (vs US$0.42 in 1Q 2021)

STORE Capital Corporation, Annual General Meeting, May 26, 2022

STORE Capital Corporation to Report Q1, 2022 Results on May 04, 2022

STORE Capital Corporation Announces Executive Changes, Effective April 8, 2022

Upcoming dividend of US$0.39 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

STORE Capital Corporation Provides Earnings Guidance for the Fiscal Year 2022

Insufficient new directors

STORE Capital Corporation to Report Q4, 2021 Results on Feb 23, 2022

Upcoming dividend of US$0.39 per share

Insufficient new directors

Insufficient new directors

Third quarter 2021 earnings released: FFO US$0.51 per share (vs US$0.46 in 3Q 2020)

Upcoming dividend of US$0.36 per share

Upcoming dividend of US$0.36 per share

STORE Capital Corporation Declares Regular Quarterly Cash Dividend for the First Quarter Ending March 31, 2021, Payable on April 15, 2021

Full year 2020 earnings released: EPS US$0.84 (vs US$1.24 in FY 2019)

Revenue misses expectations

STORE Capital Corporation Announces Catherine Long Plans to Retire as Chief Financial Officer

STORE Capital Corporation to Report Q4, 2020 Results on Feb 25, 2021

Third quarter 2020 earnings released: EPS US$0.21

Revenue beats expectations

STORE Capital Corporation to Report Q3, 2020 Results on Nov 05, 2020

Executive VP recently bought Mex$2.2m worth of stock

First half earnings released

STORE Capital Corporation to Report Q2, 2020 Results on Aug 05, 2020

STORE Capital Corporation(NYSE:STOR) dropped from Russell 1000 Value-Defensive Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age