Daniel Swanstrom
About Daniel Swanstrom
Independent director of FrontView REIT, Inc. (FVR), age 48, serving since 2024; currently Senior Executive Vice President, Chief Financial Officer, and Treasurer of The Macerich Company (public REIT) since November 2024. He holds a BS in Accounting from Boston College and an MBA from the University of North Carolina at Chapel Hill; certified public accountant (inactive). The Board has affirmatively determined he is independent; he qualifies as an “audit committee financial expert” and is financially literate under NYSE standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| The Macerich Company | Senior EVP, CFO & Treasurer | Nov 2024–present | Public REIT finance leader; capital markets oversight |
| DES Partners, LLC | Founder & Managing Member | 2022–2024 | Strategic advisory to real estate businesses |
| CorePoint Lodging, Inc. | EVP & CFO | 2018–2022 | Led finance through sale to Highgate/Cerberus JV |
| Monogram Residential Trust, Inc. | EVP & CFO | 2015–2017 | Led finance through sale to Greystar-led fund |
| Morgan Stanley | Real Estate Investment Banking, Executive Director | 2013–2015 (at MS 2006–2015) | REIB coverage and execution |
| AEW Capital Management | Assistant Vice President | 2002–2004 | Real estate investment management |
| Deloitte & Touche LLP | Assurance & Advisory, Senior Accountant | 1999–2002 | Audit background, CPA (inactive) |
External Roles
| Organization | Role | Public Company Board? | Notes |
|---|---|---|---|
| The Macerich Company | Senior EVP, CFO & Treasurer | No | Operating executive role at public REIT |
No other current public company directorships disclosed .
Board Governance
- Independence: Board determined Swanstrom is independent under NYSE rules; no material relationships with the Company .
- Committees: Member of Audit (financial expert), Compensation, and Nominating & Corporate Governance; not a chair .
- Attendance: The Board met 2 times in 2024; each director attended 100% of Board and applicable committee meetings (Audit 1; Compensation 1; Nominating 1) .
- Executive sessions: Non‑employee directors meet regularly without management present .
- Governance policies: Code of Ethics, Insider Trading Policy, Clawback Policy (for covered executives), committee charters publicly available .
Fixed Compensation
| Component | 2024 Amount ($) | Detail |
|---|---|---|
| Fees Earned or Paid in Cash | 12,500 | Partial-year post-IPO cash retainer; annual retainer policy is $50,000 |
| Committee Chair Fees | 0 | Not a chair; policy: Audit Chair $15,000; Compensation Chair $10,000; Nominating Chair $10,000 |
| Meeting Fees | 0 | Not disclosed; no per‑meeting fees in policy |
| Expense Reimbursement | — | Reasonable out-of-pocket expenses reimbursed (policy) |
Performance Compensation
| Award Type | Grant Date | Shares/Units | Grant Date Fair Value ($) | Vesting | Notes |
|---|---|---|---|---|---|
| Initial RSU Grant (IPO-related) | Oct 4, 2024 | 2,369 | 45,011 | Vests in full the day before first annual meeting | Initial grant sized at $45,000 / $19 IPO price; automatic vesting upon Change in Control for unvested director awards |
| Annual RSU Grant (policy) | At annual meeting | N/A (policy) | Target $90,000 | Vests on earlier of 1-year or day before next annual meeting (≥50 weeks apart) | Policy for non‑employee directors beginning 2025 |
- Performance metrics tied to director compensation: None disclosed; director equity awards are time‑based, not performance‑based .
- Change‑of‑control: Unvested director awards automatically vest upon a Change in Control (per plan) .
- Clawback: Company clawback policy applies to “covered executives”; policy adopted per SEC/NYSE rules .
Other Directorships & Interlocks
| Company | Role | Potential Interlock Risk | Notes |
|---|---|---|---|
| The Macerich Company | Senior EVP, CFO & Treasurer | Industry adjacency (retail real estate) | No related‑party transactions disclosed; Board still determined independence |
No shared directorships or disclosed business dealings between FVR and Macerich; no related‑party transactions involving Swanstrom noted .
Expertise & Qualifications
- Financial expertise: Audit committee financial expert; CPA (inactive); extensive REIT CFO and investment banking background .
- Education: BS Accounting (Boston College); MBA (UNC Chapel Hill) .
- Industry experience: >25 years across REIT operations, capital markets, M&A, investor relations; prior roles at Deloitte, AEW, Morgan Stanley .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Shares Outstanding | RSUs Outstanding (12/31/2024) | OP Units | Pledged Shares |
|---|---|---|---|---|---|
| Daniel Swanstrom | 2,369 | <1% | 2,369 | 0 | None |
| Citations: ownership (as of Apr 3, 2025) and RSUs (as of Dec 31, 2024) ; OP Unit allocations show none to Swanstrom ; pledge status: none pledged by any director/officer . |
Governance Assessment
- Strengths: Independent status across all committees; designated audit committee financial expert; 100% attendance; time‑based equity aligns compensation with shareholder value; no pledging; no related‑party transactions involving Swanstrom .
- Pay structure: Balanced cash retainer and time‑based RSUs; clear vesting and CoC treatment; limits embedded in 2024 Equity Incentive Plan .
- Potential conflicts: Concurrent CFO role at Macerich (public retail REIT) introduces industry proximity; however, Board independence determination suggests no material relationship or conflicts; no specific transactions disclosed between FVR and Macerich .
- Process quality: Compensation Committee uses independent consultant (Ferguson Partners Consulting); Board conducts annual self‑evaluations; regular executive sessions of non‑employee directors .
RED FLAGS: None disclosed specific to Swanstrom (no attendance issues, no pledging, no related‑party transactions, no delinquent Section 16 filings). Company is an emerging growth company and not yet subject to say‑on‑pay votes, which modestly reduces external feedback mechanisms on executive pay (contextual governance consideration) .