Donald J. Trump, Jr.
About Donald J. Trump, Jr.
Donald J. Trump, Jr. (age 47) has served as a Class III director of PSQ Holdings, Inc. since December 2024. He is Executive Vice President of Development & Acquisitions at The Trump Organization and has served as a director of Trump Media & Technology Group Corp. (Nasdaq: DJT) since March 2024. He holds a Bachelor’s Degree in Finance and Real Estate from the Wharton School, University of Pennsylvania. He was selected to the PSQH board for strategic business experience and leadership within the shooting sports industry .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| The Trump Organization, Inc. | Executive Vice President, Development & Acquisitions | Ongoing | Directs new project acquisition and development; oversees 70+ property portfolio; involved across evaluation, pre-development, construction, branding, marketing, operations, sales, leasing |
| Speaker (U.S., Dubai, India) | Keynote Speaker | Various | Sought-after speaker; international keynote engagements |
External Roles
| Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| Trump Media & Technology Group Corp. (DJT) | Director | Since March 2024 | Public company board; committee assignments not disclosed in PSQH proxy |
Board Governance
- Board class: Class III; term expires at 2026 annual meeting .
- Committee assignments: Not listed as a member of Audit, Compensation, or Nominating & Corporate Governance committees in 2024; committee rosters exclude him .
- Independence: PSQH identifies independent directors (Masters, Pilot III, Rinn, Langston); Donald J. Trump, Jr. is not included, and he has a paid consulting agreement—indicative of non-independence under NYSE standards .
- Attendance: The Board held 12 meetings in 2024; each incumbent member attended ≥75% of Board and applicable committee meetings during their service period .
- Controlled company: PSQH relies on NYSE “controlled company” exemptions (not a majority independent board; non-independent Nominating Committee) due to Class C voting control held by CEO Michael Seifert .
Fixed Compensation
| Component | Amount/Term | Notes |
|---|---|---|
| Annual Board Cash Retainer | $40,000 | Paid quarterly in arrears |
| Committee Chair Retainers | Audit $20,000; Compensation $15,000; Nominating $10,000 | Not applicable; not serving as chair |
| Committee Member Retainers | Audit $10,000; Compensation $5,000; Nominating $4,000 | Not applicable; not serving on committees |
| Fees Earned or Paid in Cash (2024) | $3,152 | Prorated post-appointment on Dec 3, 2024 |
| Consulting Fees (2024) | $224,161 | Under separate consulting agreement; see Related Party section |
Performance Compensation
| Grant Type | Grant Date | Shares (#) | Vesting | Fair Value (2024) |
|---|---|---|---|---|
| RSU (Consulting) | Jan 26, 2024 | 430,000 | Vested in full Aug 13, 2024 | Included in total |
| RSU (Consulting) | Aug 13, 2024 | 100,000 | Vests in full Aug 13, 2025 | Included in total |
| RSU (Director Initial/Annual) | Dec 6, 2024 | 74,627 | Vests in full Dec 6, 2025 | Included in total |
| Total Stock Awards (2024) | — | — | — | $2,886,701 (aggregate grant-date fair value) |
- Director equity program: Non-employee directors receive RSUs—initial $300,000 (vests at 1-year), annual $150,000 (vests at 1-year); director RSUs accelerate in full upon change in control .
- Options/PSUs: No option awards or performance share units disclosed for directors; RSUs are time-based without disclosed financial/ESG performance metrics .
Other Directorships & Interlocks
| Company | Role | Potential Interlock/Conflict |
|---|---|---|
| Trump Media & Technology Group Corp. (DJT) | Director | No PSQH-related transactions disclosed in proxy . |
| The Trump Organization, Inc. | Executive VP | Private company role; no PSQH-related transactions disclosed in proxy . |
Expertise & Qualifications
- Finance/Real Estate education from Wharton; strategic business development and brand/operations experience across large real estate portfolio .
- Public company board experience (DJT) and high-profile communications background .
Equity Ownership
| Metric | Value | Notes |
|---|---|---|
| Total Beneficial Ownership (Class A) | 551,347 shares | 1.30% of Class A outstanding |
| Ownership % of Class A | 1.30% | Based on 42,325,298 Class A shares outstanding |
| Class C Ownership | 0 | Class C solely held by Michael Seifert |
| Unvested RSUs Outstanding | 174,627 | 100,000 (vest 8/13/2025) + 74,627 (vest 12/6/2025); outside 60-day window for beneficial ownership at 4/21/2025 record date |
| 10b5-1 Trading Plans | None in effect for any directors as of record date | Company disclosure |
| Hedging/Pledging | Hedging prohibited; pledging prohibited except in extraordinary situations with approval | Company policy |
Related Party Transactions (Conflict Risk)
- Consulting Agreement (Donald J. Trump, Jr.): Executed Aug 9, 2024 for $42,000/month and 100,000 RSUs (vesting Aug 13, 2025); initial term 12 months with automatic month-to-month renewal thereafter. This introduces a related-party and independence concern .
- 2024 Director Compensation Detail: “All Other Compensation” includes $224,161 consulting fees paid to Donald J. Trump, Jr. (material related-party cash compensation) .
- Policy Oversight: Audit Committee reviews related party transactions; Compensation Committee oversees compensation matters .
Governance Assessment
- Independence risk: Paid consulting fees and RSU grants under a consulting agreement indicate non-independence and potential conflicts; he is not listed among independent directors .
- Committee effectiveness: No committee membership or chair roles; limited direct influence on audit/compensation/nominating processes relative to other directors .
- Attendance: Met the ≥75% threshold for Board/committee meetings during 2024 service period; engagement was at least adequate by policy disclosure .
- Alignment: Holds 551,347 Class A shares (1.30%); additional unvested RSUs scheduled through 2025 provide equity exposure; director RSUs accelerate upon change-in-control, increasing payout sensitivity .
- Controlled company context: Board not majority independent; Nominating & Governance Committee includes a non-independent director, lowering governance safeguards—heightening need for strong audit review of related-party arrangements .
- RED FLAGS:
- Related-party consulting arrangement with cash compensation and equity awards while serving as a director .
- Non-independence amid controlled-company exemptions (reduced independent oversight structures) .
Notes
- Director Compensation Policy details cash/equity structure and change-in-control acceleration; no director-specific stock ownership guidelines disclosed; executive guidelines absent by policy .
- No pledging or hedging of company stock disclosed for directors; company policy restricts such activity .
- Say-on-pay and shareholder proposal outcomes were not part of 2025 proxy proposals; meeting proposals were director elections and auditor ratification .