Pay vs Performance Disclosure - USD ($)
|
12 Months Ended |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
| Pay vs Performance Disclosure |
|
|
|
| Pay vs Performance Disclosure, Table |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year |
|
Summary Compensation Table Total for Principal Executive Officer (“PEO”)(1) |
|
Compensation Actually Paid to PEO(2) |
|
Average Summary Compensation Table Total for Non-PEO Named Executive Officers (“NEOs”)(3) |
|
Average Compensation Actually Paid to Non-PEO NEOs(3) |
|
Value of Initial Fixed $100 Investment Based on Total Shareholder Return (“TSR”)(4) |
|
Net Income (Loss) (millions)(5) |
2025 |
|
$ |
2,887,256 |
|
$ |
3,555,640 |
|
$ |
1,552,918 |
|
$ |
3,285,920 |
|
$ |
37 |
|
$ |
(33) |
2024 |
|
|
1,380,197 |
|
|
807,503 |
|
|
1,897,806 |
(6) |
|
1,432,093 |
(6) |
|
21 |
|
|
(121) |
2023 |
|
|
1,122,585 |
|
|
(1,904,079) |
|
|
1,221,446 |
|
|
(1,829,434) |
|
|
31 |
|
|
(154) |
| (1) |
Dr. Rosenwald was the Registrant’s PEO for each of the 2025, 2024 and 2023 fiscal years.
|
| (2) |
The amounts disclosed reflect the adjustments listed in the tables below to the amounts reported in the Summary Compensation Table for PEO: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year |
|
Less: Grant Date Value of Equity Awards |
|
Year-End Fair Value of Unvested Awards Granted During 2025 |
|
Vesting Date Value of Awards that were Granted and Vested in 2025 |
|
Year-Over-Year Change in Fair Value of Unvested Awards Granted in Prior Years |
|
Change in Value of Awards Vesting During 2025 that were Granted in Prior Years |
|
Total Adjustments |
2025 |
|
$ |
(2,199,592) |
|
$ |
2,179,900 |
|
$ |
50,000 |
|
$ |
(52,449) |
|
$ |
690,523 |
|
$ |
668,382 |
| (3) |
For the 2025, 2024 and 2023 fiscal years, our Non-PEO NEOs were: David Jin and Michael S. Weiss. The amounts disclosed reflect the adjustments listed in the table below to the amounts reported in the Summary Compensation Table for Non-PEO NEOs:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year |
|
|
Less: Grant Date Value of Equity Awards |
|
Year-End Fair Value of Unvested Awards Granted During 2025 |
|
Vesting Date Value of Awards that were Granted and Vested in 2025 |
|
Year-Over-Year Change in Fair Value of Unvested Awards Granted in Prior Years |
|
Change in Value of Awards Vesting During 2025 that were Granted in Prior Years |
|
Total Adjustments |
2025 |
|
$ |
(894,548) |
|
$ |
873,540 |
|
$ |
28,992 |
|
$ |
931,923 |
|
$ |
793,094 |
|
$ |
1,733,002 |
| (4) |
Represents the cumulative TSR for a $100 investment in Fortress’ common stock, assuming such investment occurred on December 31, 2022 and all dividends were reinvested. |
| (5) |
The dollar amounts reported represent the amount of net income (loss) reflected in our consolidated audited financial statements for the applicable year. |
| (6) |
Includes adjustment to the bonus amount awarded to, and cash fees earned by, Mr. Jin for 2024 as reflected in the Summary Compensation Table for 2024, as described in footnotes 4 and 5 to the Summary Compensation Table. No additional reconciliation for fiscal year 2024 is provided because the corrections are tied to cash-based compensation. |
|
|
|
| Named Executive Officers, Footnote |
YearYear
|
|
|
| PEO Total Compensation Amount |
$ 2,887,256
|
$ 1,380,197
|
$ 1,122,585
|
| PEO Actually Paid Compensation Amount |
$ 3,555,640
|
807,503
|
(1,904,079)
|
| Adjustment To PEO Compensation, Footnote |
| (2) |
The amounts disclosed reflect the adjustments listed in the tables below to the amounts reported in the Summary Compensation Table for PEO: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year |
|
Less: Grant Date Value of Equity Awards |
|
Year-End Fair Value of Unvested Awards Granted During 2025 |
|
Vesting Date Value of Awards that were Granted and Vested in 2025 |
|
Year-Over-Year Change in Fair Value of Unvested Awards Granted in Prior Years |
|
Change in Value of Awards Vesting During 2025 that were Granted in Prior Years |
|
Total Adjustments |
2025 |
|
$ |
(2,199,592) |
|
$ |
2,179,900 |
|
$ |
50,000 |
|
$ |
(52,449) |
|
$ |
690,523 |
|
$ |
668,382 |
|
|
|
| Non-PEO NEO Average Total Compensation Amount |
$ 1,552,918
|
1,897,806
|
1,221,446
|
| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 3,285,920
|
1,432,093
|
(1,829,434)
|
| Adjustment to Non-PEO NEO Compensation Footnote |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year |
|
Less: Grant Date Value of Equity Awards |
|
Year-End Fair Value of Unvested Awards Granted During 2025 |
|
Vesting Date Value of Awards that were Granted and Vested in 2025 |
|
Year-Over-Year Change in Fair Value of Unvested Awards Granted in Prior Years |
|
Change in Value of Awards Vesting During 2025 that were Granted in Prior Years |
|
Total Adjustments |
2025 |
|
$ |
(2,199,592) |
|
$ |
2,179,900 |
|
$ |
50,000 |
|
$ |
(52,449) |
|
$ |
690,523 |
|
$ |
668,382 |
|
|
|
| Compensation Actually Paid vs. Total Shareholder Return |
|
|
|
| Compensation Actually Paid vs. Net Income |
|
|
|
| Net Income (Loss) |
$ 37,000,000
|
$ 21,000,000
|
$ 31,000,000
|
| PEO Name |
Year
|
Year
|
Year
|
| Equity Awards Adjustments, Footnote |
| (2) |
The amounts disclosed reflect the adjustments listed in the tables below to the amounts reported in the Summary Compensation Table for PEO: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year |
|
Less: Grant Date Value of Equity Awards |
|
Year-End Fair Value of Unvested Awards Granted During 2025 |
|
Vesting Date Value of Awards that were Granted and Vested in 2025 |
|
Year-Over-Year Change in Fair Value of Unvested Awards Granted in Prior Years |
|
Change in Value of Awards Vesting During 2025 that were Granted in Prior Years |
|
Total Adjustments |
2025 |
|
$ |
(2,199,592) |
|
$ |
2,179,900 |
|
$ |
50,000 |
|
$ |
(52,449) |
|
$ |
690,523 |
|
$ |
668,382 |
| (3) |
For the 2025, 2024 and 2023 fiscal years, our Non-PEO NEOs were: David Jin and Michael S. Weiss. The amounts disclosed reflect the adjustments listed in the table below to the amounts reported in the Summary Compensation Table for Non-PEO NEOs:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year |
|
|
Less: Grant Date Value of Equity Awards |
|
Year-End Fair Value of Unvested Awards Granted During 2025 |
|
Vesting Date Value of Awards that were Granted and Vested in 2025 |
|
Year-Over-Year Change in Fair Value of Unvested Awards Granted in Prior Years |
|
Change in Value of Awards Vesting During 2025 that were Granted in Prior Years |
|
Total Adjustments |
2025 |
|
$ |
(894,548) |
|
$ |
873,540 |
|
$ |
28,992 |
|
$ |
931,923 |
|
$ |
793,094 |
|
$ |
1,733,002 |
|
|
|
| PEO | Equity Awards Adjustments |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
$ 668,382
|
|
|
| PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
(2,199,592)
|
|
|
| PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
2,179,900
|
|
|
| PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
(52,449)
|
|
|
| PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
50,000
|
|
|
| PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
690,523
|
|
|
| Non-PEO NEO | Equity Awards Adjustments |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
1,733,002
|
|
|
| Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
(894,548)
|
|
|
| Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
873,540
|
|
|
| Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
931,923
|
|
|
| Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
28,992
|
|
|
| Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
$ 793,094
|
|
|