Jesse Coury
About Jesse Coury
Jesse A. Coury is Chief Financial Officer (principal financial and accounting officer) of Greystone Housing Impact Investors LP (GHI), signing and serving as agent for service on multiple SEC filings . Under GHI’s structure, the CEO and CFO are employees of Greystone Manager; the Partnership does not pay cash compensation to them aside from equity awards under the Incentive Plan, with compensation determined by Greystone Manager and reimbursed by the Partnership . Executive pay-versus-performance disclosures link “compensation actually paid” (CAP) to company performance measures including Cash Available for Distribution (CAD), net income, and total BUC holder return, indicating a pay-for-performance alignment framework in practice for the CFO as the sole non-PEO NEO .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Not disclosed in reviewed filings | — | — | No biography or prior roles provided in 2025 DEF 14A or 8-Ks |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Not disclosed in reviewed filings | — | — | No external directorships or positions disclosed |
Fixed Compensation
GHI’s Limited Partnership Agreement prohibits cash compensation to executive officers, except through equity awards under the Incentive Plan; compensation is set by Greystone Manager and reimbursed by the Partnership .
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Cash compensation
- Base salary: Not paid by the Partnership (see LPA restriction) .
- Target bonus %: Not paid by the Partnership .
- Actual bonus paid: Not paid by the Partnership; “All Other Compensation” reported as $0 for 2022–2024 .
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Multi‑year equity compensation (Summary Compensation Table)
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Unit Awards ($) | $357,318 | $334,530 | $300,656 |
| All Other Compensation ($) | $0 | $0 | $0 |
| Total ($) | $357,318 | $334,530 | $300,656 |
Performance Compensation
- Restricted Unit Awards (RUAs) structure and 2024 grant
| Grant Date | Award Type | Units Granted | Grant Date Fair Value ($) | Vesting Schedule | Distributions During Restriction | Change‑of‑Control Treatment |
|---|---|---|---|---|---|---|
| Feb 26, 2024 | RUAs | 18,090 | $300,656 | One‑third on Nov 30, 2024/2025/2026 | RUAs pay distributions during restriction period | RUAs provide for accelerated vesting upon change in control of the Partnership/GP/Manager |
- Units vested in 2024
| Metric | 2024 |
|---|---|
| Units Acquired on Vesting (#) | 18,460 |
| Value Realized on Vesting ($) | $219,489 |
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Performance measures tied to compensation framework
- Most important measures identified: CAD, Net Income, Partners’ Capital .
- Weighting, targets, and payout formulae: Not disclosed in the filings reviewed .
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Pay‑versus‑performance detail (Coury is the only Non‑PEO NEO, so “average” equals Coury)
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| SCT Total for Non‑PEO NEOs ($) | $357,318 | $334,530 | $300,656 |
| Compensation Actually Paid (CAP) ($) | $335,165 | $360,778 | $113,169 |
| Net Income ($) | $65,562,166 | $54,011,696 | $21,323,333 |
| Cash Available for Distribution (CAD) ($) | $53,360,968 | $44,137,323 | $21,947,404 |
| Total BUC Holder Return (Value of $100) | $97.46 | $104.90 | $71.34 |
| Peer Group TUR (Value of $100) | $64.85 | $66.51 | $58.91 |
Note: CAD computation methodology is disclosed and may not be comparable to other companies .
Equity Ownership & Alignment
- Beneficial ownership (Record Date: April 28, 2025)
| Metric | Value |
|---|---|
| Total BUCs Beneficially Owned | 95,040 |
| Percent of Class | <1% |
| Restricted Units with Voting Rights | 38,736 |
| Shared Voting/Investment Power | 56,304 |
| BUCs Outstanding (denominator) | 23,397,437 |
- Outstanding unvested RUAs at FY‑end 2024 and scheduled vesting
| Vest Date | Units |
|---|---|
| Nov 30, 2025 | 12,360 |
| Nov 30, 2026 | 6,030 |
- Award transfer/pledging restrictions and clawback
- Awards may not be assigned, pledged, sold, or otherwise transferred; any such transfer is void .
- Company‑wide clawback policy adopted November 7, 2023 in line with SEC/NYSE rules; all incentive‑based compensation subject to recovery upon accounting restatement .
Employment Terms
- Management/compensation structure
- CEO and CFO are employees (not executive officers) of Greystone Manager; the Partnership does not pay cash comp to them beyond equity awards and reimburses Greystone Manager for their services .
- Change‑of‑control
- RUAs provide for accelerated vesting upon change in control .
- Incentive Plan permits the Committee, at its discretion, to accelerate, cash‑out, assume/exchange awards, or terminate/exercise restrictions upon change in control or certain events (including law/accounting changes) .
- Clawback
- Dodd‑Frank compliant compensation recovery policy adopted Nov 7, 2023; applies to current/former executive officers over the prior three fiscal years .
- Non‑compete, severance, ownership guidelines, hedging/pledging of owned BUCs
- Not disclosed in reviewed filings; plan‑level prohibition applies to awards (not necessarily to already‑owned BUCs) .
Investment Implications
- High equity‑based pay and explicit RUAs with distributions create alignment with BUC holders, with CAP linked to CAD/net income/TBR; however, 2024 CAP fell alongside weaker net income/CAD and total unitholder return, reinforcing sensitivity of realized pay to results .
- Upcoming vesting tranches (12,360 on Nov 30, 2025; 6,030 on Nov 30, 2026) can create time‑bound selling pressure windows; 18,460 units vested in 2024 with $219,489 value realized, highlighting potential liquidity events around vest dates .
- Change‑of‑control provisions accelerate vesting, potentially increasing golden‑parachute economics via equity, while a robust clawback mitigates restatement risk; absence of disclosed severance multiples, ownership guidelines, or hedging/pledging policies for owned BUCs limits full alignment assessment .
- Beneficial ownership is <1% of outstanding BUCs with a meaningful restricted‑unit component and shared voting power, indicating some skin‑in‑the‑game but not control influence; dilution prudence is emphasized at the plan level (no option/UAR repricing without unitholder approval) .