BrightSpire Capital, Inc. extended the employment term of CEO Michael Mazzei from March 31, 2027, to March 31, 2030. The amendment includes a reduction in target annual cash bonuses for 2027-2029, scaling down from $1,575,000 in 2027 to $1,375,000 in 2029. Target annual long-term equity incentive (LTIP) awards for 2027-2029 were also reduced, scaling from $2,700,000 in 2027 to $2,375,000 in 2029. The base salary remains at $800,000 per annum. Specific provisions ensure that for certain calculation purposes, the original higher target amounts remain in effect to prevent these adjustments from triggering 'good reason' termination clauses.