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$WHLR
$0.30 +$0.02 (5.86%) After hours

Company Executives

$WHLR Management Team

Ms. Stefani Carter

Independent Chairman of the Board

Age 47
Compensation $100.7K USD
Sex Female

Mr. M. Andrew Franklin

President

Chief Executive Officer

Age 44
Compensation $444.6K USD
Sex Male

Ms. Crystal Plum

Chief Financial Officer

Corporate Secretary

Age 43
Compensation $261.9K USD
Sex Female
Directors
7
serving now
Independent
7 of 7
stated in the proxy
Average tenure
4.1 years
from year joined
CEO also chairs the board
No
Stefani D. Carter
Director Age On board Independent Committees Other public boards Pay Source
E.J. Borrack
62 2020
6 years
Independent
Litigation Committee · Chair Compensation Committee
Cedar Not stated
Robert G. Brady
66 2024
2 years
Independent
Audit Committee
None stated Not stated
Stefani D. Carter
48 2019
7 years
Independent
Executive Committee · Chair RPT Committee · Chair Nominating Committee Litigation Committee
Axos Financial, Inc. (NYSE: AX) Not stated
Gregory P. Hannon
71 2025
1 year
Independent
Audit Committee
None stated Not stated
Rebecca Musser
44 2024
2 years
Independent
Audit Committee · Chair RPT Committee
None stated Not stated
Megan Parisi
46 2022
4 years
Independent
Nominating Committee
None stated Not stated
Joseph D. Stilwell
65 2019
7 years
Independent
Compensation Committee · Chair Nominating Committee · Chair Executive Committee
Kingsway Corporation 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.

Cedar
subsidiary of the Company
Approximately $0.7 million and $1.4 million
years ended December 31, 2025 and 2024

Cedar paid the Company for property management and leasing services under the Wheeler Real Estate Company Management Agreement

With the Company Open in proxy
Cedar
subsidiary of the Company
Approximately $11.3 million and $9.5 million
December 31, 2025 and 2024

Related party amounts due to the Company from Cedar under the Cost Sharing Agreement

With the Company Open in proxy
Joseph Stilwell
managing member of Stilwell Value, the general partner of SAI
$10 million
2023

Company subscribed for limited partnership interests in SAI

With Stilwell Activist Investments, L.P. Open in proxy
Joseph Stilwell
managing member of Stilwell Value, the general partner of SAI
$0.5 million, $10 million and $5 million, respectively
June 1, 2024, December 3, 2025 and May 28, 2026

Company subscribed for additional limited partnership interests in SAI

With Stilwell Activist Investments, L.P. Open in proxy
Stilwell Investors
entities for which Stilwell Value is general partner; Joseph Stilwell is managing member and owner of Stilwell Value
Amount not stated

Board created excepted holder ownership limits for the Stilwell Investors under an Excepted Holder Agreement

With the Company Open in proxy
Stilwell Investors
entities for which Stilwell Value is general partner; Joseph Stilwell is managing member and owner of Stilwell Value
Amount not stated
August 17, 2026

Registration Rights Agreement under which the Company agreed to register resale of Series B Preferred Stock held by the Stilwell Investors

With the Company Open in proxy
Stilwell Activist Investments, L.P. (SAI)
not stated in this block
$1,143,450
June 11, 2025

SAI converted principal of Convertible Notes into Common Stock

With the Company Open in proxy
SAF
not stated in this block
$120,000
June 11, 2025

SAF converted principal of Convertible Notes into Common Stock

With the Company Open in proxy
SVP
not stated in this block
$249,050
June 11, 2025

SVP converted principal of Convertible Notes into Common Stock

With the Company Open in proxy
SAI, SAF and SA
566,670 shares of Common Stock
September 23, 2026

Company agreed to issue Common Stock in exchange for Series B and Series D Preferred Stock

SAI and SAF
161,700 shares of Common Stock
September 30, 2026

Company agreed to issue Common Stock in exchange for Series B and Series D Preferred Stock

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