Seth Molod
About Seth Molod
Seth Molod is Chief Financial Officer (CFO), Treasurer, and Principal Accounting Officer of Lightstone Value Plus REIT IV, Inc. (LTSV). He joined the Company in August 2018 and is 61 years old; he is a licensed CPA in New Jersey and New York and holds a BBA in Accounting from Muhlenberg College . He concurrently serves as CFO/Treasurer of Lightstone REITs I–III and V, and as Executive Vice President and CFO of the Sponsor and CFO/Treasurer of the Advisor . As CFO, he signs Section 302/906 Sarbanes‑Oxley certifications for LTSV’s annual reports, underscoring accountability for financial reporting . LTSV is externally advised; the Company does not pay compensation to its executive officers, and no TSR or performance‑linked executive pay metrics are disclosed at the Company level .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Berdon LLP | Audit Partner; Chair, Real Estate Services; Executive Committee member | 1989–2018 | Led real estate practice advising prominent private and institutional real estate owners, REITs, and public companies |
| Lightstone Value Plus REIT IV, Inc. | CFO & Treasurer; Principal Financial and Accounting Officer | Aug 2018–Present | Oversees financial reporting and controls; executes SOX certifications; signs SEC filings |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Lightstone REIT I, II, III, V | CFO & Treasurer | Concurrent | Cross‑entity finance leadership across Lightstone REIT platforms |
| The Lightstone Group (Sponsor) | Executive Vice President & CFO | Concurrent | Corporate finance leadership at Sponsor level |
| Advisor (Lightstone Real Estate Income LLC) | CFO & Treasurer | Concurrent | Oversees Advisor’s finance and treasury supporting LTSV |
| Professional Credentials | Licensed CPA (NJ, NY); AICPA Member | Current | Maintains professional accreditation and standards |
| Education | BBA, Accounting (Muhlenberg College) | N/A | Foundational accounting expertise |
Fixed Compensation
LTSV is externally advised and does not compensate its executive officers. All executive pay is set and paid by the Advisor; LTSV does not disclose base salary, target/actual bonuses, or other fixed compensation for Seth Molod.
| Component | 2024 | 2023 | Notes |
|---|---|---|---|
| Base salary | Not disclosed | Not disclosed | Executives are employees of the Advisor; no Company-paid compensation |
| Target bonus % | Not disclosed | Not disclosed | No CD&A provided |
| Actual bonus paid | Not disclosed | Not disclosed | No Company disclosure |
Performance Compensation
No performance‑based compensation details (metrics, weighting, targets, payouts, vesting) are disclosed by LTSV for its executive officers, including Seth Molod.
| Incentive Type | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Not disclosed (Advisor‑paid) | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
LTSV does not include a Compensation Discussion & Analysis; the Board determined it is unnecessary given executives are Advisor employees .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Common shares beneficially owned (as of Sep 15, 2025) | None reported for Seth Molod (table shows “–”) |
| Ownership as % of shares outstanding | 0.0% (no shares reported for Seth in ownership table) |
| Vested vs. unvested shares | Not disclosed |
| Options (exercisable/unexercisable) | Not disclosed |
| Shares pledged/hedged | Not disclosed in proxy; Code of Ethics adopted at Company level |
| Stock ownership guidelines | Not disclosed |
| Section 16 compliance | Company states officers/directors complied with Section 16 filing requirements in 2024 |
| Shares outstanding context | 4.2 million shares represented at 2024 annual meeting; c.52.8% turnout |
Employment Terms
| Item | Disclosure |
|---|---|
| Employment start date | Joined LTSV as CFO/Treasurer in August 2018 |
| Current role & titles | CFO & Treasurer; Principal Financial and Accounting Officer (SOX certifier) |
| Employer of record | Advisor (Lightstone Real Estate Income LLC); LTSV has no employees |
| Contract term | No Company employment contract; Advisory Agreement one‑year term, renewable indefinitely by mutual consent |
| Termination | Advisory Agreement may be terminated by a majority of Independent Directors or the Advisor on 60 days’ notice, without cause/penalty |
| Severance provisions | Not disclosed at the Company level |
| Change‑of‑control economics | Not disclosed at the Company level |
| Clawbacks/tax gross‑ups | Not disclosed; Company has a Code of Ethics (not a clawback policy) |
| Non‑compete/non‑solicit | Not disclosed |
| Garden leave/consulting | Not disclosed |
| Governance & oversight | Board (incl. Independent Directors) oversees Advisor and risk via Audit Committee; Board acts as compensation committee for directors |
Additional Execution Highlights (during tenure)
| Date | Transaction/Action | Key Terms | Role/Signature |
|---|---|---|---|
| Apr 19, 2024 (8‑K filed Apr 26, 2024) | Refinancing of Williamsburg Moxy Hotel via $86.0m senior loan (Western Alliance Bank & G4) and $9.0m junior loan (G4) | SOFR + 5.10% (8.75% floor); matures Apr 19, 2027, two 6‑month extensions; interest‑only; $3.2m reserves; $2.8m fees; $85.8m used to repay existing mortgage debt | 8‑K signed by CFO/Principal Accounting Officer Seth Molod |
| Dec 9, 2024 (8‑K filed Dec 12, 2024) | Annual meeting—director elections | Votes for nominees; meeting turnout note; filing signed by CFO/Principal Accounting Officer | /s/ Seth Molod |
| Mar 26, 2025 | SOX Section 302/906 certifications (10‑K FY2024) | Certifies design and effectiveness of disclosure controls and ICFR; fair presentation of financials | /s/ Seth Molod |
Investment Implications
- Compensation alignment opacity: LTSV discloses no executive compensation for Seth Molod because executives are employed and paid by the Advisor; there is no CD&A, making pay‑for‑performance linkage unassessable at the Company level . Investors should evaluate Advisor fee structures and deferrals (e.g., temporary deferral of asset management fees in Q2 2024) as the principal economic lever impacting outcomes .
- Ownership alignment: The proxy reports no beneficial ownership by Seth Molod as of September 15, 2025, implying limited direct equity alignment at LTSV; monitor future Form 4 filings for changes in ownership or any pledging/hedging disclosures (none noted) .
- Retention and execution: Tenure since 2018 and concurrent CFO roles across Lightstone affiliates suggest organizational reliance on Molod; recent refinancing activity (Williamsburg Moxy loans) demonstrates transaction execution capability under his finance leadership .
- Governance and oversight: The Board, with Independent Directors, oversees risk via the Audit Committee and supervises the Advisor; executive compensation decisions at Company level are not applicable, increasing reliance on Advisor governance and fee reasonableness reviews .
- Trading signals: Section 16 compliance statements indicate routine reporting and no flagged issues; absence of reported insider holdings by Molod reduces insider‑alignment signals, so investors may place greater weight on Advisor disclosures and related‑party fee trends .