Sean Fukumura
About Sean Fukumura
Sean Fukumura, 42, serves as FrontView REIT’s Interim Chief Financial Officer, Treasurer, and Secretary (appointed June 15, 2025) while continuing as Chief Accounting Officer, a role he has held since May 2025 . He joined FrontView’s predecessor in 2018 and progressed from Director of Accounting & Tax (2018–2021) to Vice President, Accounting & Tax (2021–2024), and then Vice President at the public company after the October 2024 IPO; he is a Chartered Professional Accountant (CPA, CA) and holds a Bachelor of Commerce from York University in Toronto . Company performance context: in FY 2024, FrontView generated $59.9 million of rental revenues and reported a net loss of $31.2 million; FFO was $2.0 million . As an interim appointment following the board’s termination of co-CEO/co-President Randall Starr for cause, FVR later reported Pierre Revol as CFO in November 2025, indicating Fukumura’s interim stewardship of the finance function during the transition .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| FrontView REIT, Inc. | Interim Chief Financial Officer, Treasurer, and Secretary | 2025–present | Stewarded finance during leadership transition; managed reporting, controls, and investor communications |
| FrontView REIT, Inc. | Chief Accounting Officer | 2025–present | Led accounting policy, SEC reporting, and control environment post-IPO |
| FrontView REIT / Predecessor | Vice President, Accounting & Tax | 2021–2024; at public company since Oct 2024 | Built reporting infrastructure, tax planning, and integration during IPO/internalization |
| FrontView predecessor | Director of Accounting & Tax | 2018–2021 | Scaled core accounting/tax functions supporting growth |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Venterra Realty | Corporate Controller | 2012–2018 | Led controllership at a multi-family real estate and investment company |
| Reliance Home Comfort | Manager of External Reporting | 2010–2012 | Managed external reporting processes |
| Ernst & Young | Audit & Assurance (Public Accounting) | 2006–2010 | Built technical audit and GAAP foundations |
Fixed Compensation
| Component | 2024 | Notes |
|---|---|---|
| Base salary ($) | Not disclosed | Sean is not a named executive officer in the 2025 proxy; NEOs listed were Preston, Starr, Dieffenbacher, and Ireland . |
| Target annual bonus (%) | Not disclosed | Annual bonuses are determined by the Board based on performance criteria; specific targets for Sean not disclosed . |
| Actual bonus ($) | Not disclosed | NEO bonus disclosures are provided; Sean’s bonus not disclosed . |
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual/Payout | Vesting |
|---|---|---|---|---|---|
| Annual bonus | Board-determined performance criteria | Not disclosed | Not disclosed | Not disclosed | Cash bonus plan exists; specifics not disclosed . |
| RSUs (employee grant) | Time-based equity | N/A | N/A | 3,356 RSUs | RSU grants under the 2024 Equity Incentive Plan generally vest in equal time-based installments; specific schedule for Sean not disclosed . |
Equity Ownership & Alignment
| Ownership Detail | Amount | As-of Date | Notes |
|---|---|---|---|
| Common shares (Direct) | 6,223 | 2025-05-05 | Filed on SEC Form 3 . |
| Common shares (Indirect via RRSP) | 500 | 2025-05-05 | Held in trust via RRSP . |
| RSUs (unvested) | 3,356 | 2025-05-05 | RSUs reported as derivative securities with $0 exercise price . |
| Total reported beneficial ownership (shares + RSUs) | 10,079 | 2025-05-05 | Sum of reported positions (6,223 + 500 + 3,356) . |
| Shares outstanding (reference) | 17,519,863 | 2025-04-03 | Used for ownership context. |
| Ownership % of common (direct + indirect shares only) | ~0.038% | 2025-05-05 | Calculated from 6,723 / 17,519,863; shares outstanding reference . |
| Pledging/Hedging | None pledged | 2025-04-03 | “No shares beneficially owned by any executive officer or director have been pledged as security.” . |
| Insider Trading Policy | Adopted | 2024 (10-K exhibit) | Insider Trading Policy filed as Exhibit 19.1 to the FY2024 10-K . |
| Clawback Policy | Adopted | 2024 (10-K exhibit) | Covers “covered executives,” including executive officers, for 3 fiscal years preceding a restatement; mandates recovery of “erroneously awarded compensation” based on financial reporting measures . |
Employment Terms
- Appointment: Interim CFO/Treasurer/Secretary on June 15, 2025; “no arrangement or understanding” with any persons for the appointment; no related party transactions; no family relationships .
- Contract terms: Salary, severance, change‑of‑control terms for Sean are not disclosed in the proxy or 8-K filings; company provides detailed severance/change‑of‑control terms for named executive officers only (time‑based equity accelerates; multiples vary by role) .
- Restrictive covenants: Employment agreements for NEOs include non‑compete and related covenants post‑employment; specific terms for Sean not disclosed .
- Governance policies: Clawback and Insider Trading policies in effect (see Equity Ownership & Alignment) .
Investment Implications
- Alignment: Time-based RSU holdings (3,356) provide long-term alignment, albeit modest versus NEO grants; no share pledging mitigates alignment risk .
- Retention/transition: Interim CFO role amid leadership transition indicates trust in internal finance leadership; subsequent disclosure of Pierre Revol as CFO in November 2025 suggests interim duties likely concluded, reducing near-term continuity risk .
- Trading signals: No pledging and presence of clawback and insider trading policies reduce adverse trading signals; no public Form 4 selling activity is noted in the cited documents for Sean (only Form 3 disclosed) .
- Performance linkage: Company bonuses are tied to Board-set performance criteria, but Sean’s specific targets/payouts are not disclosed; RSUs are time-based rather than performance-based, limiting direct pay‑for‑performance linkage in disclosed equity awards .
Notes on disclosure scope: Sean Fukumura is not a named executive officer in FrontView’s 2025 proxy; as such, detailed compensation and employment agreement terms are not disclosed. Company-wide policies (clawback; insider trading) apply to executive officers and are cited above . Company operating context provided from FY2024 10‑K .