Barbara Jesuele
About Barbara Jesuele
Barbara Jesuele (age 50) is an independent director of Four Corners Property Trust (FCPT) who joined the Board in 2023. She is Deputy Chief Investment Officer at the J. Paul Getty Trust with 20+ years across public and private markets, and previously served in real assets leadership and public equity oversight; she is fluent in German, Filipino, and English and holds a BA in Management and Economics from Ateneo de Manila University . FCPT’s Board has determined all directors other than the CEO are independent; Jesuele is marked “Y” for independence in the Board skills matrix and is slated to become Chair of the Nominating & Governance Committee contingent on re‑election at the 2025 meeting .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| J. Paul Getty Trust | Deputy Chief Investment Officer; Managing Director/Director/Manager of Real Assets; Public Equity oversight | 2002–present (Senior Analyst PE in 2002; Manager 2008; Director 2011; Managing Director 2013; Public Equity responsibility 2020) | Environmental Sustainability Working Group; drafted investment framework for ESG |
| HypoVereinsbank (UniCredit), Munich | Credit Risk Analyst, Financial Institutions Group (Asia focus) | 1998 | Risk analysis across Asian financial institutions |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| J. Paul Getty Trust | Deputy Chief Investment Officer | Ongoing | Environmental Sustainability Working Group contributor; ESG framework drafting |
Board Governance
- Current committee assignments: Nominating & Governance Committee member and Investment Committee member; former Compensation Committee member through June 2024 .
- Chair roles: Will become Chair of the Nominating & Governance Committee contingent on re‑election at the 2025 Annual Meeting .
- Independence: Independent director under NYSE/SEC rules; Board shows 88% independent directors and holds regular executive sessions of independent directors .
- Attendance and engagement: The Board held seven meetings in 2024 and each director attended ≥75% of Board/committee meetings; all eight directors attended the 2024 Annual Meeting (June 6, 2024) .
- Committee activity context: Audit & Risk met 9 times (2024); Compensation 7; Nominating & Governance 4; Investment 8 .
Fixed Compensation
| Component | FY2024 Amount | Details |
|---|---|---|
| Annual cash retainer | $65,000 | Policy: $65,000 cash retainer for non‑employee directors, paid quarterly |
| Annual equity (RSUs) | $120,000 | Policy: $120,000 RSUs; granted at annual meeting; vests on first anniversary |
| RSU grant details | 4,859 RSUs (grant date June 6, 2024; vests June 6, 2025) | DERs reinvest into additional RSUs; settlement after vesting unless deferred |
| Total director pay (2024) | $185,000 | Sum of cash and stock award fair value |
Performance Compensation
| Feature | Applied to Director Compensation | Metric/Condition | Notes |
|---|---|---|---|
| Performance‑based equity | No | None (time‑based RSUs only) | Director RSUs vest on service‑based schedule; not tied to TSR/financial goals |
| Dividend equivalents (DERs) | Yes | Reinvested into additional RSUs | Additional RSUs subject to same vesting terms |
| Deferral elections | Permitted | Receipt of shares upon vesting may be deferred | Several directors elected deferrals; mechanism available to all |
Other Directorships & Interlocks
| Company | Role | Tenure | Committees/Interlocks |
|---|---|---|---|
| None disclosed | — | — | No other public company directorships disclosed for Jesuele in FCPT’s proxy |
- Compensation Committee interlocks: FCPT discloses no interlocks; no Compensation Committee member (Jesuele served through June 2024) has ever been an FCPT executive officer, and no FCPT executive served on another company’s compensation committee where that company’s executive served on FCPT’s Board .
Expertise & Qualifications
- Board skills matrix flags Jesuele for Corporate Governance, Environmental & Sustainability, Executive Compensation, Finance/Capital Markets, Financial Reporting/Accounting, Industry Background, Investor Relations, and Risk Management .
- Investment and ESG depth from Getty leadership and sustainability working group experience .
Equity Ownership
| Metric | Value |
|---|---|
| Total beneficial ownership (as of April 4, 2025) | 11,338 shares; <1% of outstanding common stock |
| Vested RSUs deferred | 6,291 vested RSUs (incl. vested DERs) deferred until separation from Board |
| Unvested RSUs outstanding (Dec 31, 2024) | 4,982 RSUs |
| Ownership guidelines | Directors must own ≥$400,000 in FCPT stock/common equivalents; hold 75% of net shares until achieved; all directors in compliance as of Dec 31, 2024 |
| Hedging/pledging | Prohibited: short sales, derivatives, hedging, margin accounts, or pledging by officers/directors |
Governance Assessment
- Board effectiveness: Jesuele’s pending chairmanship of Nominating & Governance signals trust in her governance oversight; skills matrix shows breadth in governance, finance, ESG, and risk—valuable for a net lease REIT’s board stewardship .
- Independence and engagement: Independent status, ≥75% attendance in 2024, and participation on two standing committees support investor confidence in active oversight .
- Alignment and incentives: Standardized director pay with meaningful annual RSU grants, DER reinvestment, robust ownership guidelines, and deferral election (6,291 vested RSUs deferred) enhance long‑term alignment; hedging/pledging bans reduce misalignment risk .
- Conflicts/related party: FCPT reports no related party transactions above policy thresholds in 2024 and requires recusal where applicable; no external public company directorships disclosed that would create interlocks .
RED FLAGS
- None identified in 2024: No related party transactions; hedging/pledging prohibited; committee interlocks absent; attendance threshold met .