Samuel Tang
About Samuel Tang
Samuel Tang, age 64, has served as an independent trustee of Peakstone Realty Trust since 2015. He chairs both the Audit Committee and the Compensation Committee and is designated the audit committee financial expert. He co-founded TriGuard Management LLC and has over 30 years in private equity and 10+ years investing in real estate; he holds an MBA in Finance and Real Estate from UCLA and a BS in Accounting from USC .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| TriGuard Management LLC | Managing Partner, Co-Founder | 2004–present | Leads capital raising, sourcing, structuring, closing of investments |
| Pacific Life Insurance Company | Managing Director; Co-chair of workout committee | 1999–2004 | Maximized recovery on bond investments |
| The Shidler Group | Managing Partner | 1989–1999 | Private equity focused on finance, insurance, real estate |
| KPMG Peat Marwick Main | Manager, Real Estate Consulting | 1987–1989 | Real estate advisory |
| Arthur Young & Co. | Senior, CPA | 1983–1985 | Accounting practice |
| Education | MBA (UCLA); BS Accounting (USC) | — | Core financial training |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| CapRock Partners | Advisory Board Member | Since 2019 | Industrial real estate focus |
| Fieldstone Leadership Network | Board of Directors Member | Since 2021 | Non-profit leadership network |
| Kairos Investment Management | Advisory Board Member | Since 2009 | Real estate investment advisory |
Board Governance
- Committee assignments: Audit (Chair), Compensation (Chair); independent trustee status affirmed by Board under NYSE rules .
- Audit Committee meetings held in 2024: 6; Compensation Committee meetings: 8; each member of the Board attended at least 75% of Board and committee meetings; all trustees attended the 2024 annual meeting .
- Audit Committee financial expert designation: Tang meets Item 407(d)(5) requirements and is the designated financial expert .
- Shareholder engagement: Tang participated in 2024–2025 engagement meetings with shareholders representing ~20% of outstanding shares .
- Leadership structure: Non-executive Chairperson (Casey Wold); executive sessions of independent trustees occur regularly .
Fixed Compensation
| Component (2024) | Amount (USD) | Notes |
|---|---|---|
| Annual Cash Retainer | $90,000 | Non-employee trustee retainer |
| Audit Committee Chair Supplement | $20,000 | Chair premium |
| Compensation Committee Chair Supplement | $15,000 | Chair premium |
| Cash Fees Earned (Total) | $125,000 | Tang’s 2024 cash fees |
| Annual Equity Award (Grant-date fair value) | $90,003 | Restricted shares (50% immediate vest; 50% by next annual meeting) |
| All Other Compensation | $8,434 | Dividend equivalents on unvested restricted shares |
| Total 2024 Director Compensation | $223,437 | Sum of components |
Performance Compensation
| Instrument | Grant Date | Grant Value/Units | Vesting | Performance Metrics |
|---|---|---|---|---|
| Restricted Common Shares (Trustee award) | 06-18-2024 | $90,003 | 50% immediate; 50% on earlier of one-year anniversary or next annual meeting; accrued dividends payable upon vesting | None; time-based |
| Trustee RSUs (new policy from 2025) | Annual meeting 2025 | — | 50% immediate; 50% by next annual meeting; includes distribution equivalent rights | None; time-based |
No options or SARs are granted to trustees under current practice; the LTIP permits such awards but none are disclosed for trustees in 2024–2025 .
Other Directorships & Interlocks
| Area | Detail |
|---|---|
| Other public company boards (current) | None disclosed for Tang |
| Compensation Committee interlocks (2024) | None; no officer/employee on committee; no transactions >$120,000 by committee members |
| Related-party oversight | Nominating & Corporate Governance Committee reviews all related party transactions per policy |
Expertise & Qualifications
- Financial literacy and capital markets expertise; risk management; strategic planning; commercial real estate expertise as reflected in Board’s skills matrix .
- Audit committee financial expert designation (SEC Item 407 standard) .
- Private equity, restructuring/workouts experience supporting debt, capital allocation, and portfolio transition oversight .
Equity Ownership
| Holder | Beneficial Ownership (as of 03-14-2025) | % of Common Shares | Pledging/Hedging |
|---|---|---|---|
| Samuel Tang | 11,373 common shares | <1% | Company states no executive officer or trustee has pledged shares; anti-hedging/anti-pledging policy prohibits hedging, short sales, margin accounts, and pledging (limited legacy exception) |
| Unvested Trustee Equity (12-31-2024) | 4,036 unvested restricted shares | — | Dividends accrue and pay upon vest |
Governance Assessment
- Positives: Dual committee chair roles (Audit, Compensation) enhance oversight; financial expert designation bolsters audit quality; active shareholder engagement indicates responsiveness; strong anti-hedging/anti-pledging policy reduces alignment risk .
- Potential concerns: Concentration of committee leadership in one director can centralize influence; personal ownership is modest (<1%), though trustee equity grants provide some alignment; no disclosed related-party links for Tang; committee interlocks and related-party transactions controls appear robust .
RED FLAGS
- None disclosed specific to Tang: no hedging/pledging, no related-party transactions, no committee interlocks; all trustees attended annual meeting; minimum 75% attendance threshold met .
Signals for Investor Confidence
- Independent status reaffirmed; audit financial expert role; clear committee activity levels; enhanced compensation disclosure following shareholder feedback; 50% of 2025 annual cash incentive for executives tied to targets—Tang led Compensation Committee in these changes, signaling pay-for-performance emphasis .