Gary Hunt
About Gary Hunt
Gary Hunt (age 76) is an independent director of Five Point Holdings, LLC (FPH) serving since May 2016. He has over 40 years of real estate experience, including 25 years at The Irvine Company where he was Executive Vice President for 10 years and served on its Board and Executive Committee, and he is the founding partner (2001) and Vice Chairman of California Strategies, LLC . The Board has affirmatively determined Hunt is independent under NYSE rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| The Irvine Company | Executive Vice President; Board & Executive Committee member | 25 years; EVP 10 years | Led entitlements, regional infrastructure, planning, government/media/community relations |
| California Strategies, LLC | Founding Partner; Vice Chairman | Founding partner in 2001; currently Vice Chairman | Senior advisor to major West Coast developers (e.g., Tejon Ranch, Lewis Group) |
| Grubb & Ellis Corporation | Lead Independent Director; Interim President & CEO | Interim CEO for sixteen months | Corporate leadership and governance during transition |
| Strategic Hotels & Resorts REIT; Inland American Trust REIT | Senior Advisor | Not disclosed | Advisory roles to public REITs |
| Kennecott Land Company | Founding Chairman, Advisory Board | Not disclosed | Advisory leadership in master-planned development |
| William Lyon Homes | Lead Independent Director | Not disclosed | Independent board leadership at public homebuilder |
| Taylor Morrison Home Corporation | Director | Not disclosed | Public company board service |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Glenair Corporation | Director | Current | Private company board |
| Psomas | Director | Current | Private company board |
| University of California, Irvine Foundation | Director | Current | Non-profit foundation board |
Board Governance
- Committee assignments: Hunt is not listed as a current member of the Audit, Compensation, Conflicts, or Nominating & Corporate Governance Committees in 2025 .
- Independence: Determined independent under NYSE rules; independent committees are composed solely of independent directors .
- Attendance and engagement: In 2024, the Board met 5 times; Hunt (and all directors) attended at least 75% of Board and applicable committee meetings and all directors attended the 2024 annual meeting .
- Board structure and leadership: Michael Rossi is Lead Independent Director; committee chairs are Browning (Audit), Winer (Compensation), Rossi (Nominating & Corporate Governance), Brown (Conflicts) .
Fixed Compensation
| Component (2024) | Amount (USD) | Vesting/Terms |
|---|---|---|
| Annual cash retainer | $120,000 | Payable quarterly; directors may elect shares in lieu of cash |
| Equity – restricted shares | $80,000 | Vests in four quarterly installments during the year |
| Committee fees | $0 | Audit $25k (+$5k chair), Compensation $15k (+$5k chair), Nominating $10k (+$5k chair), Conflicts $10k (+$5k chair); Hunt not listed on committees |
| Total 2024 director compensation | $200,000 | Cash + equity; none of the directors held unvested awards at 12/31/2024 |
Performance Compensation
| Component | Status | Notes |
|---|---|---|
| Annual bonus | Not applicable | Non-employee directors receive retainers and time-based equity; no performance bonus disclosed |
| PSUs / Options | Not applicable | Director program provides time-based restricted shares; no options/PSUs for directors |
| Clawback / Hedging | Applicable at company level | Company has Dodd-Frank-compliant clawback policy; anti-hedging and anti-pledging policies apply to directors |
Other Directorships & Interlocks
| Entity | Type | Hunt’s Role | Potential Interlock/Network Note |
|---|---|---|---|
| Taylor Morrison Home Corporation | Public | Former Director | Homebuilder peer in compensation benchmarking |
| William Lyon Homes | Public | Former Lead Independent Director | Homebuilder; former public board service |
| Grubb & Ellis Corporation | Public | Former Lead Independent Director; Interim CEO | Real estate services; governance transition experience |
| Tejon Ranch Co. | Public | Hunt: Senior advisor to developer; Winer: Director | Board network linkage via Winer’s directorship and Hunt advisory involvement |
Expertise & Qualifications
- Major land use planning, entitlement, and development expertise; led entitlement and infrastructure across master-planned communities at The Irvine Company .
- Government/public policy strategy and stakeholder management; founding leadership at California Strategies .
- Board-level governance experience across public companies and REITs; interim CEO experience during a restructuring transition .
Equity Ownership
| Holder | Class A Shares | Class B Shares | % of Class A | % of Class B | % of all Common Shares |
|---|---|---|---|---|---|
| Gary Hunt | 84,138 | — | <1%* | — | <1%* |
- As of March 31, 2025; beneficial ownership includes direct and indirect holdings; “*” denotes less than 1% .
- None of the directors held unvested awards at year-end 2024; director restricted shares vested quarterly in 2024 .
- Policy prohibits director hedging or pledging of company shares .
Insider Trades
| Period | Activity | Source |
|---|---|---|
| 2024–2025 | No Form 4 activity disclosed in the DEF 14A; proxy does not list insider trading transactions | DEF 14A; director compensation and ownership sections only |
Governance Assessment
- Board effectiveness: Hunt brings depth in entitlements, public policy, and real estate development that aligns with FPH’s core activities, supporting oversight of regulatory approvals and community development strategy .
- Independence and engagement: Confirmed independent; 2024 attendance met Board expectations; independent directors meet in executive session and there is a robust annual evaluation process .
- Committee influence: Not currently serving on Audit, Compensation, Conflicts, or Nominating & Corporate Governance Committees, which limits direct committee-level oversight influence relative to peers .
- Ownership alignment: Holdings are <1% of shares outstanding; director equity grants are time-based and fully vested by year-end; anti-hedging/pledging policies mitigate misalignment risks .
- Conflicts and related-party exposure: The Company has substantial related-party dealings with Lennar; Conflicts Committee governs such transactions; no Hunt-specific related-party transactions are disclosed in the proxy .
- RED FLAGS
- Absence from core committees (Audit/Compensation/Conflicts/Nominating) may reduce direct influence over financial reporting, pay, and conflict oversight .
- Board-level related-party concentration with Lennar and significant transactions could pose perceived governance risk; continued reliance on Conflicts Committee controls is critical .
- Code of Business Conduct clarifies non-employee directors are not obligated to limit outside interests or notify the company of potentially competitive opportunities, a policy that may raise conflict-perception risk if not actively managed .
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