Company Executives

Management Team

From the proxy statement filed Apr 7, 2026

Officer	Age	In this role	Joined	2025 pay	Source
Scott A. Stepp Chief Financial Officer	48	Not stated	Not stated	$40,000
William Gray Stream Also a director President	46	Not stated	Not stated	$0

Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.

Board of Directors

From the proxy statement filed Apr 7, 2026

Directors

serving now

Independent

6 of 6

stated in the proxy; 2 not stated

Average tenure

10.7 years

from year joined

CEO also chairs the board

William Gray Stream

Director	Age	On board	Independent	Committees	Other public boards	Pay
William Gray Stream Board chair, Executive officer	46	2018 8 years	Not stated	None stated	None stated	Not stated
Eugene T. Minvielle, IV Lead independent director	52	2017 9 years	Independent	Audit · Chair	None stated	Not stated
Lee W. Boyer	68	2016 10 years	Not stated	None stated	None stated	Not stated
Max H. Hart	67	2016 10 years	Independent	Compensation	None stated	Not stated
Lane T. LaMure	51	2021 5 years	Independent	Audit	None stated	Not stated
Mary Leach Werner	58	2004 22 years	Independent	None stated	None stated	Not stated
Keith Duplechin Leaving at the meeting	Not stated	Not stated	Independent	Nominating · Chair	None stated	Not stated
Daniel J. Englander Leaving at the meeting	Not stated	Not stated	Independent	Audit Compensation · Chair	None stated	Not stated

Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.

3 disclosed in the proxy filed Apr 7, 2026

William Gray Stream

President and a director of the Company; president of Stream Wetlands

Amount not stated

2017

Option to lease agreement giving Stream Wetlands an option to lease certain Company lands, subject to a mutually acceptable lease form

With Stream Wetlands Services, LLC Open in proxy

William Gray Stream

President and a director of the Company; president of Stream Wetlands

$38,333

2022

25-year lease of Company lands to Stream Wetlands for a one-time payment, with formulaic contingent revenue-based payments and a guaranteed minimum payment of $500,000

With Stream Wetlands Services, LLC Open in proxy

Matilda Stream Management, Inc.

Company's President is also President of MSM; Company's Chief Financial Officer was Chief Investment Officer of MSM until August 2025

Amount not stated

MSM provides administrative and accounting services to the Company for no compensation

With the Company Open in proxy

Comments

Company Executives

Management Team

Board of Directors

Related-party transactions