Trinity Capital Management

Management criteria checks 3/4

Trinity Capital's CEO is Kyle Brown, appointed in Aug 2019, has a tenure of 4.67 years. total yearly compensation is $5.53M, comprised of 11.8% salary and 88.2% bonuses, including company stock and options. directly owns 2.27% of the company’s shares, worth $15.01M. The average tenure of the management team and the board of directors is 2.1 years and 4 years respectively.

Key information

Kyle Brown

Chief executive officer

US$5.5m

Total compensation

CEO salary percentage	11.8%
CEO tenure	4.7yrs
CEO ownership	2.3%
Management average tenure	2.1yrs
Board average tenure	4yrs

Recent management updates

Recent updates

Trinity Capital's Outperformance Is Likely To Continue In 2024 Against TriplePoint And S&P 500 (Rating Downgrade)

Jan 11

Trinity Capital: 14% Yield, -11% Discount, Strong Growth

Oct 07

Trinity Capital declines dividends by-66.7% to $0.15/shares

Sep 30

Trinity Capital raises quarterly dividend ~7% to $0.45, declares supplemental cash dividend of $0.15

Sep 16

Trinity Capital: Selling At The Money Put Options Can Be Attractive

Aug 30

Trinity Capital: A Perfect Time To Buy For Hefty Gains

Aug 14

Trinity Capital prices additional $50M notes due 2025

Jul 20

Trinity Capital: A Year Of Specials While Waiting For A Rebound

May 30

Trinity Capital: A Look At This 11.8% Yielding BDC With Income Tailwinds

Mar 28

CEO Compensation Analysis

How has Kyle Brown's remuneration changed compared to Trinity Capital's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$77m
Sep 30 2023	n/a	n/a	US$58m
Jun 30 2023	n/a	n/a	US$29m
Mar 31 2023	n/a	n/a	US$1m
Dec 31 2022	US$6m	US$650k	-US$30m
Sep 30 2022	n/a	n/a	US$26m
Jun 30 2022	n/a	n/a	US$66m
Mar 31 2022	n/a	n/a	US$98m
Dec 31 2021	US$5m	US$564k	US$132m
Sep 30 2021	n/a	n/a	US$87m
Jun 30 2021	n/a	n/a	US$72m
Mar 31 2021	n/a	n/a	US$54m
Dec 31 2020	US$1m	US$527k	-US$6m

Compensation vs Market: Kyle's total compensation ($USD5.53M) is above average for companies of similar size in the US market ($USD3.46M).

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

CEO

Kyle Brown (39 yo)

4.7yrs

Tenure

US$5,525,842

Compensation

Mr. Kyle Steven Brown has been President and Chief Investment Officer at Trinity Capital Inc. since August 2019 and has been its Director since September 2019 and serves as its Chief Executive Officer sinc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Steven Brown	Founder & Executive Chairman	4.7yrs	US$6.03m	2.76% $ 18.3m
Kyle Brown	CEO, President	4.7yrs	US$5.53m	2.27% $ 15.0m
Gerald Harder	Chief Operating Officer	2.1yrs	US$2.26m	0.57% $ 3.8m
Michael Testa	CFO & Treasurer	less than a year	no data	0.15% $ 961.0k
Richard Nelson	Senior Technology Director	2.3yrs	no data	no data
Ben Malcolmson	Head of Investor Relations	less than a year	no data	no data
Sarah Stanton	Chief Compliance Officer	3.8yrs	no data	0.23% $ 1.5m
Vibhor Garg	Managing Director of Marketing	no data	no data	no data
Rachel Bloomer	Human Resources Director	1.3yrs	no data	no data
Ronald Kundich	Chief Credit Officer	2.1yrs	no data	0.42% $ 2.8m
David Lund	Consultant	less than a year	no data	0.23% $ 1.5m
Robert D'Acquisto	Managing Director of Tech Lending	3.6yrs	no data	no data

2.1yrs

Average Tenure

57.5yo

Average Age

Experienced Management: TRIN's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Steven Brown	Founder & Executive Chairman	4.7yrs	US$6.03m	2.76% $ 18.3m
Kyle Brown	CEO, President	4.6yrs	US$5.53m	2.27% $ 15.0m
Richard Hamada	Independent Director	2.3yrs	US$205.54k	0.20% $ 1.3m
Michael Zacharia	Independent Director	3.3yrs	US$171.72k	0.071% $ 467.1k
Ronald Estes	Independent Director	4.6yrs	US$171.72k	0.060% $ 398.2k
Irma Lockridge	Independent Director	2.3yrs	US$215.54k	0.029% $ 190.3k

4.0yrs

Average Tenure

63.5yo

Average Age

Experienced Board: TRIN's board of directors are considered experienced (4 years average tenure).

Trinity Capital Management

Management criteria checks 3/4

Key information

Recent management updates

Trinity Capital Inc. Appoints Brendan Carr as Director of Tech Lending

Trinity Capital Inc. Announces Chief Financial Officer Changes

Trinity Capital Inc. Appoints Ryan Kaeding as Managing Director, Life Sciences in San Diego, California

Trinity Capital Inc. Announces Management Changes

Trinity Capital Inc. Announces Management Changes

Trinity Capital Inc. Appoints Andrew Ghannam as Managing Director of Tech Lending

Recent updates

Trinity Capital And Blackstone Secured Lending: Delivering Yield To Investors

Upcoming dividend of US$0.51 per share

Trinity Capital: This 13% Yield Is Safer Than It Looks

Fourth quarter dividend of US$0.51 announced

Trinity Capital: Premium To Nav Has Come Down (Rating Upgrade)

New major risk - Revenue and earnings growth

Trinity Capital: What To Look Out For In This 14% Yielders Earnings

Trinity Capital Inc. to Report Q1, 2024 Results on May 01, 2024

Trinity Capital: A 14% Yield That's Worth The Price Of Admission

Trinity Capital Inc. Appoints Brendan Carr as Director of Tech Lending

Trinity Capital's Outperformance Is Likely To Continue In 2024 Against TriplePoint And S&P 500 (Rating Downgrade)

Trinity Capital Inc. Announces Chief Financial Officer Changes

Upcoming dividend of US$0.50 per share at 13% yield

Trinity Capital Inc. Appoints Ryan Kaeding as Managing Director, Life Sciences in San Diego, California

Showroom Interiors LLC acquired Feather Home Inc. and Fernished, Inc.

Trinity Capital Inc. Declares Cash Dividend for the Quarter Ending September 30, 2023, Payable on October 13, 2023

Trinity Capital Inc. Announces Regular Cash Dividend, Payable on October 13, 2023

Upcoming dividend of US$0.54 per share at 13% yield

Trinity Capital Inc. Announces Management Changes

Trinity Capital Inc. Announces Management Changes

Trinity Capital Inc. has completed a Follow-on Equity Offering in the amount of $75 million.

New minor risk - Shareholder dilution

Price target increased by 8.3% to US$14.28

A group of buyers led by Fall Line Endurance Fund, Lp, managed by Fall Line Capital, LLC completed the acquisition of GreenLight Biosciences Holdings (NasdaqGM:GRNA) from stockholders.

Trinity Capital Inc. Appoints Andrew Ghannam as Managing Director of Tech Lending

Upcoming dividend of US$0.53 per share at 14% yield

Trinity Capital Inc. Declares Cash Dividend for the Quarter Ending June 30, 2023, Payable on July 14, 2023

Chairman & CEO recently bought US$50k worth of stock

Upcoming dividend of US$0.47 per share at 14% yield

Trinity Capital Inc. to Report Q3, 2023 Results on Nov 02, 2023

Price target decreased to US$12.68

Molekule Group, Inc. (NasdaqCM:MKUL) acquired Molekule, Inc.

Price target increased to US$14.04

Upcoming dividend of US$0.61 per share

Trinity Capital Inc. Declares Cash Dividend for the Quarter Ending December 31, 2022, Payable on January 13, 2023

President recently bought US$239k worth of stock

Intelligent Foods acquired Gobble Inc.

Price target decreased to US$13.61

Trinity Capital Inc. (NasdaqGS:TRIN) announces an Equity Buyback for $25 million worth of its shares.

Consensus forecasts updated

Price target decreased to US$14.32

High number of new directors

Price target decreased to US$15.61

Trinity Capital: 14% Yield, -11% Discount, Strong Growth

AeroClean Technologies, Inc. (NasdaqCM:AERC) entered into a definitive agreement to acquire Molekule, Inc.

AeroClean Technologies, Inc. (NasdaqCM:AERC) entered into a definitive agreement to acquire Molekule, Inc.

Trinity Capital declines dividends by-66.7% to $0.15/shares

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.60 per share

Trinity Capital Inc. Appointment of Lauren Cosentino as Managing Director, Life Sciences in the Research Triangle Park Region of North Carolina

Trinity Capital Inc. Declares Cash Dividend for the Third Quarter of 2022, Payable on October 14, 2022

Trinity Capital raises quarterly dividend ~7% to $0.45, declares supplemental cash dividend of $0.15

Trinity Capital: Selling At The Money Put Options Can Be Attractive

Trinity Capital Inc. has completed a Follow-on Equity Offering in the amount of $55 million.

Trinity Capital: A Perfect Time To Buy For Hefty Gains

Chairman & CEO recently bought US$391k worth of stock

Consensus forecasts updated

Consensus forecasts updated

Trinity Capital prices additional $50M notes due 2025

Trinity Capital Inc. to Report Q2, 2022 Results on Aug 04, 2022

Upcoming dividend of US$0.57 per share

Trinity Capital Inc. Declares Cash Dividend for the Second Quarter of 2022, Payable on July 15, 2022

Trinity Capital: A Year Of Specials While Waiting For A Rebound

Independent Director recently bought US$76k worth of stock

President recently bought US$123k worth of stock

Trinity Capital Inc. Proposes Special Dividends for the first, second, third and fourth quarters of 2022

Consensus forecasts updated

Trinity Capital Inc. Announces Executive Changes

Less than half of directors are independent