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|
Date and Time
April 29, 2021 at 8:30 a.m. (local time) |
| |
Record Date
March 8, 2021 |
|
|
Location
You can virtually attend the Annual Meeting at www.virtualshareholdermeeting.com/JBGS2021. |
| |
Number of Common Shares Outstanding and Eligible to Vote at the Meeting as of March 8, 2021
131,471,957 common shares |
|
| | |
Board
Recommendation |
|
Proposal 1. Election of 12 Trustees (page 12) | | |
FOR
EACH NOMINEE |
|
Proposal 2. Say-on-Pay: Advisory Vote on Executive Compensation (page 17)
|
| |
FOR
|
|
Proposal 3. Ratification of the Appointment of Deloitte & Touche LLP for 2021 (page 18) | | |
FOR
|
|
Proposal 4. Amendment to the 2017 Omnibus Plan to Increase the Number of Common Shares Available for Issuance under the Plan (page 20) | | |
FOR
|
|
Name
|
| |
Position with the Company
|
| |
Served as
Trustee since |
| |
Age as of the
Annual Meeting |
| ||||||
Phyllis R. Caldwell | | | Trustee | | | | | 2021(1) | | | | | | 61 | | |
Scott A. Estes | | | Trustee | | | | | 2017 | | | | | | 50 | | |
Alan S. Forman | | | Trustee | | | | | 2017 | | | | | | 55 | | |
Michael J. Glosserman | | | Trustee | | | | | 2017 | | | | | | 75 | | |
Charles E. Haldeman, Jr. | | | Trustee | | | | | 2017 | | | | | | 72 | | |
W. Matthew Kelly | | | Trustee, Chief Executive Officer | | | | | 2017 | | | | | | 48 | | |
Alisa M. Mall | | | Trustee | | | | | 2020 | | | | | | 43 | | |
Carol A. Melton | | | Trustee | | | | | 2017 | | | | | | 66 | | |
William J. Mulrow | | | Trustee | | | | | 2017 | | | | | | 65 | | |
Steven Roth | | | Chairman of the Board | | | | | 2017 | | | | | | 79 | | |
D. Ellen Shuman | | | Trustee | | | | | 2017 | | | | | | 66 | | |
Robert A. Stewart | | | Trustee, Vice Chairman | | | | | 2017 | | | | | | 59 | | |
| | |
2020
|
| |
2019
|
| ||||||
Audit Fees(1) | | | | $ | 1,775,000 | | | | | $ | 2,025,000 | | |
Audit-Related Fees(2) | | | | | 299,891 | | | | | | 358,891 | | |
Tax Fees(3) | | | | | 735,525 | | | | | | 669,353 | | |
All Other Fees | | | | | — | | | | | | — | | |
Total | | | | $ | 2,810,416 | | | | | $ | 3,053,244 | | |
| |
![]()
Our Company
|
| | |
ESG Strategy
|
| | |
•
Board oversight of environmental and social matters through annual reporting on strategy and performance.
•
Management of social and environmental capital embedded in our investment strategy, corporate culture and stakeholder engagement process.
•
Membership in several industry sustainability organizations including Global Real Estate Sustainability Benchmark (GRESB), the U.S. Green Building Council, the Department of Energy Better Buildings Alliance, the NAIOP DC MD Sustainable Development Committee and the Urban Land Institute Greenprint Center for Building Performance.
|
| |
| Highlights | | | |
•
Achieved 5-star rating in the GRESB Real Estate Assessment, awarded the 2020 Global Sector Leader for the Diversified — Office/Residential sector.
•
69% of operating assets are certified under at least one green building rating system.
•
97% of operating assets are benchmarked.
|
| | |||||
| |
![]()
Environmental
|
| | |
Climate Change Mitigation & Adaptation
|
| | |
•
Assessment of physical climate risks to further understanding of future climate conditions and direct physical risk to assets.
•
Presented findings to Chief Operating Officer (COO) and Chief Legal Officer (CLO) in preparation for development of portfolio level adaptation plan.
|
| |
|
Tenant Engagement
|
| | |
•
Named a Green Lease Leader Gold for engaging tenants in advancing mutually beneficial sustainability goals, including cost recovery for efficiency investment.
•
Discussion of sustainability programs at regular tenant meetings.
•
Providing tools and resources for tenants to improve efficiency.
•
Providing Healthy Workplace Blueprint specific to each asset.
|
| | |||||
| Resource Management | | | |
•
Committing by 2030 to reducing energy consumption by 25%, predicted energy consumption by 25%; water consumption by 20%, embodied carbon by 20%, and greenhouse gas emissions (scope one and two) by 25%, increase waste diversion to 60%, and verify all assets across our operating portfolio and development pipeline.
•
Conducting energy audits and real time monitoring of energy use and equipment efficiency via the Tenant Service Center.
•
Implementation and tracking of energy and water conservation measures.
•
Commitment to annual reduction in energy use per square foot of 20% by 2024 over a 2014 baseline through the Department of Energy Better Buildings Challenge.
•
Achieved a 3.0% annual average reduction in energy use intensity across the office portfolio over first six years of commitment.
•
Comprehensive waste management program diverting waste from the landfill through recycling, donations, and composting.
•
97% of our portfolio is served by high quality transit.
|
| | |||||
| |
![]()
Social
|
| | |
Housing Affordability
|
| | |
•
Financial support and in-kind donation to more than 20 local organizations that support those in need and answer the urgent call for increased affordable workforce housing.
•
Launched the Washington Housing Initiative (“WHI”) in 2019 to preserve or build more than 3,000 units of affordable workforce housing in our region over the next decade.
•
The Washington Housing Initiative Impact Pool (“Impact Pool”) completed fundraising in 2020 and raised capital commitments totaling $114.4 million, which includes a JBG SMITH commitment of $11.2 million. The Impact Pool is the social impact investment vehicle for the WHI and is managed by a subsidiary of JBG SMITH.
•
During 2020, the Impact Pool closed on two investments totaling $21.8 million in loans and 1,151 units preserved — a $15.1 million mezzanine loan to Alexandria Housing Development Corporation for the acquisition of Parkstone, and a $6.7 million subordinate loan to the Washington Housing Conservancy for the acquisition of Crystal House. JBG SMITH is the third party manager for both properties.
|
| |
| Diversity and Inclusion | | | |
•
A strong, collaborative culture that strives to create an inclusive and healthy work environment for our employees, allowing us to continue to attract innovative thinkers to our organization.
•
Internal committees focused on diversity, women’s leadership, and workforce development.
•
38% Female and 56% Minority workforce, 41% Female Leadership.
|
| | |||||
| Employee Engagement | | | |
•
Offering a variety of training opportunities throughout the year through JBGS University, focusing on green certification programs and energy efficiency best practices.
•
Providing commercial leasing team with an education series focused on health and wellness.
•
Offering new analysts an overview of Environmental, Social, and Governance practices
•
Providing a comprehensive benefits package including parental leave.
•
Employee-based JBG SMITH Cares committee focused on supporting organizations that demonstrate a meaningful impact and align with our corporate strategy.
|
| | |||||
| |
![]()
Governance
|
| | |
Risk Assessment
|
| | |
•
Conduct semi-annual risk assessments designed to identify the material risks our business faces and the potential impact of those risks on our strategy and operations.
|
| |
Trustee
|
| |
Audit
Committee |
| |
Compensation
Committee |
| |
Corporate
Governance and Nominating Committee |
|
Scott A. Estes | | |
X (Chair)*
|
| |
X
|
| | | |
Alan S. Forman | | | | | |
X
|
| |
X (Chair)
|
|
Michael Glosserman | | | | | | | | |
X
|
|
Charles E. Haldeman, Jr. | | |
X
|
| | | | |
X
|
|
Alisa M. Mall | | | | | | | | |
X
|
|
Carol A. Melton | | | | | |
X (Chair)
|
| | | |
William J. Mulrow | | |
X
|
| |
X
|
| | | |
D. Ellen Shuman | | |
X
|
| | | | |
X
|
|
| | |
Chair Annual Retainer
|
| |
Member Annual Retainer
|
| ||||||
Audit Committee | | | | $ | 25,000 | | | | | $ | 10,000 | | |
Compensation Committee | | | | $ | 15,000 | | | | | $ | 5,000 | | |
Corporate Governance and Nominating Committee
|
| | | $ | 15,000 | | | | | $ | 5,000 | | |
Name
|
| |
Fees Earned
in Cash(1) |
| |
Share
Awards(2) |
| |
Other
|
| |
Total
|
| |||||||||
Scott A. Estes | | | | $ | 130,000 | | | | | $ | 100,000 | | | |
—
|
| | | $ | 230,000 | | |
Alan S. Forman(3) | | | | $ | 120,000 | | | | | $ | 100,000 | | | |
—
|
| | | $ | 220,000 | | |
Michael J. Glosserman | | | | $ | 100,874 | | | | | $ | 100,000 | | | |
83,571(4)
|
| | | $ | 284,445 | | |
Charles E. Haldeman, Jr. | | | | $ | 115,000 | | | | | $ | 100,000 | | | |
—
|
| | | $ | 215,000 | | |
Alisa M. Mall(5) | | | | $ | 70,000 | | | | | $ | 166,667 | | | |
—
|
| | | $ | 236,667 | | |
Carol A. Melton | | | | $ | 115,000 | | | | | $ | 100,000 | | | |
—
|
| | | $ | 215,000 | | |
Name
|
| |
Fees Earned
in Cash(1) |
| |
Share
Awards(2) |
| |
Other
|
| |
Total
|
| |||||||||
William J. Mulrow | | | | $ | 115,000 | | | | | $ | 100,000 | | | |
—
|
| | | $ | 215,000 | | |
Steven Roth | | | | $ | 100,000 | | | | | $ | 100,000 | | | |
—
|
| | | $ | 200,000 | | |
Mitchell N. Schear(6) | | | | $ | 33,333 | | | | | $ | 33,333 | | | |
—
|
| | | $ | 66,666 | | |
D. Ellen Shuman | | | | $ | 111,667 | | | | | $ | 100,000 | | | |
—
|
| | | $ | 211,667 | | |
Robert A. Stewart(7) | | | | $ | 41,667 | | | | | | — | | | |
—
|
| | | $ | 41,667 | | |
John F. Wood(6) | | | | $ | 35,000 | | | | | $ | 33,333 | | | |
—
|
| | | $ | 68,333 | | |
Name
|
| |
LTIP Units (#)
|
|
Scott A. Estes | | |
4,580
|
|
Alan S. Forman | | |
—
|
|
Michael J. Glosserman | | |
—
|
|
Charles E. Haldeman, Jr. | | |
—
|
|
Alisa M. Mall | | |
—
|
|
Carol A. Melton | | |
4,052
|
|
William J. Mulrow | | |
—
|
|
Steven Roth | | |
3,523
|
|
Mitchell N. Schear | | |
—
|
|
Name
|
| |
LTIP Units (#)
|
|
Robert A. Stewart | | |
—
|
|
D. Ellen Shuman | | |
3,699
|
|
John F. Wood | | |
—
|
|
Name
|
| |
Formation Unit
Awards Outstanding as of December 31, 2020(1) |
| |
LTIP
Unit Awards Outstanding as of December 31, 2020(2) |
| |||
Scott A. Estes | | |
—
|
| | | | 23,757 | | |
Alan S. Forman | | |
—
|
| | | | 15,594 | | |
Michael J. Glosserman | | |
144,204
|
| | | | 11,612 | | |
Charles E. Haldeman, Jr. | | |
—
|
| | | | 18,763 | | |
Alisa M. Mall | | |
—
|
| | | | 3,523 | | |
Carol A. Melton | | |
—
|
| | | | 22,815 | | |
William J. Mulrow | | |
—
|
| | | | 15,594 | | |
Steven Roth | | |
175,202
|
| | | | 15,135 | | |
D. Ellen Shuman | | |
—
|
| | | | 22,187 | | |
Robert A. Stewart | | |
148,247
|
| | | | 105,226 | | |
Name
|
| |
Position With the Company
|
| |
Age as of the
Annual Meeting |
| |||
W. Matthew Kelly | | | Chief Executive Officer | | | | | 48 | | |
David P. Paul | | | President and Chief Operating Officer | | | | | 58 | | |
M. Moina Banerjee | | | Chief Financial Officer | | | | | 39 | | |
Kevin “Kai” Reynolds | | | Chief Development Officer | | | | | 51 | | |
George Xanders | | | Chief Investment Officer | | | | | 35 | | |
Steven A. Museles | | |
Chief Legal Officer and Corporate Secretary
|
| | | | 58 | | |
| W. Matthew Kelly | | | Chief Executive Officer | |
| David P. Paul | | | President and Chief Operating Officer | |
| Stephen W. Theriot | | | Chief Financial Officer | |
| Kevin “Kai” Reynolds | | | Chief Development Officer | |
| M. Moina Banerjee | | | Executive Vice President, Head of Capital Markets | |
Company Name
|
| |
Property
Type |
| |
Size
|
| |
Washington
DC Presence |
| |
Active
Developer |
|
Boston Properties, Inc. | | |
☑
|
| | | | |
☑
|
| |
☑
|
|
Brandywine Realty Trust | | |
☑
|
| |
☑
|
| |
☑
|
| | | |
Camden Property Trust | | |
☑
|
| |
☑
|
| |
☑
|
| |
☑
|
|
Columbia Property Trust, Inc. | | |
☑
|
| |
☑
|
| |
☑
|
| |
☑
|
|
Corporate Office Properties Trust | | |
☑
|
| |
☑
|
| |
☑
|
| |
☑
|
|
Cousins Properties Incorporated | | |
☑
|
| |
☑
|
| | | | |
☑
|
|
Douglas Emmett, Inc. | | |
☑
|
| |
☑
|
| | | | |
☑
|
|
Highwoods Properties, Inc. | | |
☑
|
| |
☑
|
| | | | |
☑
|
|
Hudson Pacific Properties, Inc. | | |
☑
|
| |
☑
|
| | | | |
☑
|
|
Kilroy Realty Corporation | | |
☑
|
| |
☑
|
| | | | |
☑
|
|
Mack-Cali Realty Corporation | | |
☑
|
| |
☑
|
| | | | |
☑
|
|
Paramount Group, Inc. | | |
☑
|
| |
☑
|
| |
☑
|
| | | |
Vornado Realty Trust | | |
☑
|
| | | | | | | |
☑
|
|
Washington Real Estate Investment Trust | | |
☑
|
| |
☑
|
| |
☑
|
| |
☑
|
|
Name
|
| |
2019
Base Salary |
| |
Percentage
Change |
| |
2020
Base Salary |
| |
Percentage
Change |
| |
2021
Base Salary |
| |||||||||||||||
W. Matthew Kelly | | | | $ | 750,000 | | | | | | — | | | | | $ | 750,000 | | | | | | — | | | | | $ | 750,000 | | |
David P. Paul | | | | $ | 625,000 | | | | | | — | | | | | $ | 625,000 | | | | | | — | | | | | $ | 625,000 | | |
M. Moina Banerjee | | | | $ | 375,000 | | | | | | 13% | | | | | $ | 425,000 | | | | | | 29% | | | | | $ | 550,000 | | |
Kevin “Kai” Reynolds | | | | $ | 500,000 | | | | | | — | | | | | $ | 500,000 | | | | | | — | | | | | $ | 500,000 | | |
Stephen W. Theriot | | | | $ | 550,000 | | | | | | — | | | | | $ | 550,000 | | | | | | — | | | | | $ | 550,000 | | |
| | |
# of Goals
Achieved |
| |
Payout
Percentage |
| ||||||
Threshold | | | | | 6 | | | | | | 50% | | |
Target | | | | | 8 | | | | | | 100% | | |
Maximum | | | | | 10 | | | | | | 150% | | |
|
Target
|
| |
Corporate Goal #1: Capital Allocation/Dispositions
2020 Result |
| |
Goal Achievement
|
| |||
|
$200M
|
| | | $ | 7.8M | | | |
Not Met
|
|
|
Target
|
| |
Corporate Goal #2: Complete 2 Under-Construction Assets
2020 Result |
| |
Goal Achievement
|
|
|
Complete 2 assets
|
| |
3 assets completed
|
| |
Exceeded
|
|
|
Target
|
| |
Corporate Goal #3: Entitle 2.5M SF of Estimated Potential
Development Density 2020 Result |
| |
Goal Achievement
|
|
|
Receive approvals for
entitling an additional 2.5M square feet of estimated potential development density |
| |
3.1M square feet entitled
|
| |
Exceeded
|
|
|
Target
|
| |
Corporate Goal #4: 1900 Crystal Drive
2020 Result |
| |
Goal Achievement
|
|
|
Commence
Construction on 1900 Crystal Drive |
| |
Repricing underway
|
| |
Intentionally Delayed
|
|
|
Target
|
| |
Corporate Goal #5: Office Leases
2020 Result |
| |
Goal Achievement
|
|
|
Execute office leases
totaling 1,123,000 SF |
| |
812,000 SF
|
| |
Not Met
|
|
|
Target
|
| |
Corporate Goal #6: Present Value of Executed
Office Leases to Budget 2020 Result |
| |
Goal Achievement
|
|
|
Meet or exceed present
value of budget |
| |
Exceeded by 31.3%
|
| |
Exceeded
|
|
|
Target
|
| |
Corporate Goal #7: Annual Average Residential
Occupancy Levels 2020 Result |
| |
Goal Achievement
|
|
|
94.0%
|
| |
89.5%
|
| |
Not Met
|
|
|
Target
|
| |
Corporate Goal #8: Net Operating Income (NOI)(1)
2020 Result |
| |
Goal Achievement
|
|
|
$344.8M
|
| |
$301.9M
|
| |
Not Met
|
|
|
Target
|
| |
Corporate Goal #9: Core Funds from Operations (Core FFO)(2)
2020 Result |
| |
Goal Achievement
|
|
|
$222.4M
|
| |
$178.5M
|
| |
Not Met
|
|
|
Target
|
| |
Corporate Goal #10: Sustainability
2020 Result |
| |
Goal Achievement
|
|
|
Align financial reporting with SASB and TCFD and complete sustainability strategic plan to achieve a carbon neutral portfolio
|
| |
Completed
|
| |
Met
|
|
|
Target
|
| |
Corporate Goal #11: Commitment to Affordable Housing
2020 Result |
| |
Goal Achievement
|
|
|
Finance 800 Affordable Workforce Housing
Units |
| |
1,151 Units Financed
|
| |
Exceeded
|
|
Name
|
| |
Maximum
Bonus Opportunity |
| |
Bonus
Awarded |
| |
Portion of Bonus
Elected to be Taken in LTIP Units |
| ||||||
W. Matthew Kelly | | |
$1,125,000
|
| | | $ | 637,500 | | | | | | 100% | | |
David P. Paul | | |
$937,500
|
| | | $ | 531,250 | | | | | | 100% | | |
M. Moina Banerjee | | |
$637,500
|
| | | $ | 361,250 | | | | | | — | | |
Kevin “Kai” Reynolds | | |
$750,000
|
| | | $ | 425,000 | | | | | | — | | |
Stephen W. Theriot | | |
$825,000
|
| | | $ | 467,500 | | | | | | 100% | | |
| | |
Relative TSR
Hurdles Percentile |
| |
Payout
Percentage |
| |||
Threshold | | |
35th
|
| | | | 25% | | |
Target | | |
55th
|
| | | | 50% | | |
Maximum | | |
75th
|
| | | | 100% | | |
| | |
Performance LTIP Units
|
| |
Time-Based LTIP Units
|
| ||||||||||||||||||
Name
|
| |
#(1)
|
| |
Value(2)
|
| |
#(1)
|
| |
Value(2)
|
| ||||||||||||
W. Matthew Kelly | | | | | 160,685 | | | | | $ | 2,999,989 | | | | | | 77,881 | | | | | $ | 2,999,976 | | |
David P. Paul | | | | | 33,476 | | | | | $ | 624,997 | | | | | | 16,225 | | | | | $ | 624,987 | | |
M. Moina Banerjee | | | | | 24,102 | | | | | $ | 449,984 | | | | | | 11,682 | | | | | $ | 449,991 | | |
Kevin “Kai” Reynolds | | | | | 40,171 | | | | | $ | 749,993 | | | | | | 19,470 | | | | | $ | 749,984 | | |
Stephen W. Theriot | | | | | 24,772 | | | | | $ | 462,493 | | | | | | 12,006 | | | | | $ | 462,471 | | |
| | |
Threshold
(25% Payout) |
| |
Target
(50% Payout) |
| |
Maximum
(100% Payout) |
| |
Actual Performance
|
| |
Percent Payout
|
|
Relative TSR:
|
| |
35th percentile
|
| |
55th percentile
|
| |
75th percentile
|
| |
82nd percentile
|
| |
100%
|
|
Name
|
| |
Number of Earned 2017
Performance-Based LTIP Units |
| |||
W. Matthew Kelly | | | | | 48,129 | | |
David P. Paul | | | | | 27,502 | | |
M. Moina Banerjee | | | | | 8,388 | | |
Kevin “Kai” Reynolds | | | | | 12,376 | | |
Stephen W. Theriot | | | | | 13,751 | | |
Name and Principal
Position |
| |
Year
|
| |
Salary
|
| |
Bonus(1)
|
| |
Share Awards(2)
|
| |
All Other
Compensation(3) |
| |
Total
|
| ||||||||||||||||||
W. Matthew Kelly
|
| | | | 2020 | | | | | $ | 750,000 | | | | | $ | 637,500 | | | | | $ | 5,999,965 | | | | | $ | 8,550 | | | | | $ | 7,396,015 | | |
Chief Executive Officer
|
| | | | 2019 | | | | | $ | 750,000 | | | | | $ | 937,500 | | | | | $ | 3,197,899 | | | | | $ | 8,400 | | | | | $ | 4,893,799 | | |
| | | | | 2018 | | | | | $ | 750,000 | | | | | $ | 750,000 | | | | | $ | 9,816,682 | | | | | $ | 8,250 | | | | | $ | 11,324,932 | | |
David P. Paul
|
| | | | 2020 | | | | | $ | 625,000 | | | | | $ | 531,250 | | | | | $ | 1,249,984 | | | | | $ | 8,550 | | | | | $ | 2,414,784 | | |
President and Chief Operating Officer
|
| | | | 2019 | | | | | $ | 625,000 | | | | | $ | 781,250 | | | | | $ | 1,827,371 | | | | | $ | 8,400 | | | | | $ | 3,242,021 | | |
| | | | | 2018 | | | | | $ | 625,000 | | | | | $ | 625,000 | | | | | $ | 3,555,991 | | | | | $ | 8,250 | | | | | $ | 4,814,241 | | |
Stephen W. Theriot
|
| | | | 2020 | | | | | $ | 550,000 | | | | | $ | 467,500 | | | | | $ | 924,964 | | | | | $ | 289,920 | | | | | $ | 2,232,384 | | |
Senior Advisor and
former Chief Financial Officer |
| | | | 2019 | | | | | $ | 550,000 | | | | | $ | 687,500 | | | | | $ | 913,685 | | | | | $ | 51,393 | | | | | $ | 2,202,578 | | |
| | | | | 2018 | | | | | $ | 550,000 | | | | | $ | 550,000 | | | | | $ | 1,873,993 | | | | | $ | 91,485 | | | | | $ | 3,065,478 | | |
Kevin “Kai” Reynolds
|
| | | | 2020 | | | | | $ | 500,000 | | | | | $ | 425,000 | | | | | $ | 1,499,977 | | | | | $ | 8,550 | | | | | $ | 2,433,527 | | |
Chief Development Officer
|
| | | | 2019 | | | | | $ | 500,000 | | | | | $ | 625,000 | | | | | $ | 999,972 | | | | | $ | 8,400 | | | | | $ | 2,133,365 | | |
| | | | | 2018 | | | | | $ | 400,000 | | | | | $ | 400,000 | | | | | $ | 2,707,344 | | | | | $ | 8,250 | | | | | $ | 3,515,594 | | |
M. Moina Banerjee
|
| | | | 2020 | | | | | $ | 425,000 | | | | | $ | 361,250 | | | | | $ | 899,975 | | | | | $ | 8,550 | | | | | $ | 1,694,775 | | |
Chief Financial Officer
|
| | | | 2019 | | | | | $ | 375,000 | | | | | $ | 531,250 | | | | | $ | 699,965 | | | | | $ | 8,400 | | | | | $ | 1,614,615 | | |
| | | | | 2018 | | | | | $ | 375,000 | | | | | $ | 460,000 | | | | | $ | 1,690,601 | | | | | $ | 8,250 | | | | | $ | 2,533,851 | | |
| | | | | | | | | | | |
Estimated Future Payouts
Under Equity Incentive Plan Awards(1) |
| |
All Other
Stock Awards: Number of Units (#) |
| |
Grant Date
Fair Value of Awards ($)(2) |
| |||||||||||||||||||||
Name
|
| |
Grant
Date |
| |
Award Type
|
| |
Threshold
Units (#) |
| |
Target
Units (#) |
| |
Maximum
Units (#) |
| ||||||||||||||||||||||||
W. Matthew Kelly | | | | | 1/31/2020 | | | |
Time-based LTIP Unit
|
| | | | — | | | | | | — | | | | | | — | | | | | | 77,881(3) | | | | | | 2,999,976 | | |
| | | | | 1/31/2020 | | | |
Performance-Based LTIP Unit
|
| | | | 40,171 | | | | | | 80,343 | | | | | | 160,685 | | | | | | — | | | | | | 2,999,989 | | |
| | | | | 2/18/2020 | | | |
LTIP Units
|
| | | | — | | | | | | — | | | | | | — | | | | | | 23,361(4) | | | | | | 937,477 | | |
David P. Paul | | | | | 1/31/2020 | | | |
Time-based LTIP Unit
|
| | | | — | | | | | | — | | | | | | — | | | | | | 16,225(3) | | | | | | 624,987 | | |
| | | | | 1/31/2020 | | | |
Performance-Based LTIP Unit
|
| | | | 8,369 | | | | | | 16,738 | | | | | | 33,476 | | | | | | — | | | | | | 624,997 | | |
| | | | | 2/18/2020 | | | |
LTIP Units
|
| | | | — | | | | | | — | | | | | | — | | | | | | 19,467(4) | | | | | | 781,211 | | |
Stephen W. Theriot | | | | | 1/31/2020 | | | |
Time-based LTIP Unit
|
| | | | — | | | | | | — | | | | | | — | | | | | | 12,006(3) | | | | | | 462,471 | | |
| | | | | 1/31/2020 | | | |
Performance-Based LTIP Unit
|
| | | | 6,193 | | | | | | 12,386 | | | | | | 24,772 | | | | | | — | | | | | | 462,493 | | |
| | | | | 2/18/2020 | | | |
LTIP Units
|
| | | | — | | | | | | — | | | | | | — | | | | | | 17,131(4) | | | | | | 687,467 | | |
Kevin “Kai” Reynolds
|
| | | | 1/31/2020 | | | |
Time-based LTIP Unit
|
| | | | — | | | | | | — | | | | | | — | | | | | | 19,470(3) | | | | | | 749,984 | | |
| | | | | 1/31/2020 | | | |
Performance-Based LTIP Unit
|
| | | | 10,043 | | | | | | 20,086 | | | | | | 40,171 | | | | | | — | | | | | | 749,993 | | |
M. Moina Banerjee | | | | | 1/31/2020 | | | |
Time-based LTIP Unit
|
| | | | — | | | | | | — | | | | | | — | | | | | | 11,682(3) | | | | | | 449,991 | | |
| | | | | 1/31/2020 | | | |
Performance-Based LTIP Unit
|
| | | | 6,026 | | | | | | 12,051 | | | | | | 24,102 | | | | | | — | | | | | | 449,984 | | |
|
Name
|
| |
Award Type
|
| |
Grant
Date |
| |
Number of
Securities Underlying Options Exercisable/ Units Convertible |
| |
Number of
Securities Underlying Options Not Exercisable/ Units Not Convertible(1) |
| |
Option
Expiration Date |
| |
Option
Exercise Price ($) |
| |
Number of
Shares or Units That Have Not Vested (#) |
| |
Market
Value of Shares or Units that Have Not Vested ($)(2) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights that Have Not Vested ($)(3) |
| |||||||||||||||||||||||||||
| W. Matthew Kelly | | |
Formation Unit
|
| | | | 7/18/2017 | | | | | | 49,865 | | | | | | 149,595 | | | | | | 7/18/2027 | | | | | | 37.10 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | |
Time-Based LTIP Unit
|
| | | | 8/1/2017 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,032(4) | | | | | | 376,241 | | | | | | — | | | | | | — | | |
| | | |
Time-Based LTIP Unit
|
| | | | 2/2/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 25,476(5) | | | | | | 796,635 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 2/2/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 93,835(9) | | | | | | 2,934,220 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 11/12/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 88,492(6) | | | | | | 2,767,145 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 11/12/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 151,227(10) | | | | | | 4,728,868 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 1/10/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 35,052(7) | | | | | | 1,096,076 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 1/10/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 82,082(11) | | | | | | 2,566,704 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 1/31/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 77,881(8) | | | | | | 2,435,339 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 1/31/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 160,685(12) | | | | | | 5,024,620 | | |
| David P. Paul | | |
Formation Unit
|
| | | | 7/18/2017 | | | | | | 42,117 | | | | | | 126,346 | | | | | | 7/18/2027 | | | | | | 37.10 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | |
Time-Based LTIP Unit
|
| | | | 8/1/2017 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,875(4) | | | | | | 214,981 | | | | | | — | | | | | | — | | |
| | | |
Time-Based LTIP Unit
|
| | | | 2/2/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,558(5) | | | | | | 455,229 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 2/2/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 53,620(9) | | | | | | 1,676,697 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 11/12/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 23,111(6) | | | | | | 722,681 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 11/12/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 39,496(10) | | | | | | 1,235,040 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 1/10/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 20,031(7) | | | | | | 626,369 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 1/10/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 46,904(11) | | | | | | 1,466,688 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 1/31/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 16,225(8) | | | | | | 507,356 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 1/31/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 33,476(12) | | | | | | 1,046,795 | | |
|
Name
|
| |
Award Type
|
| |
Grant
Date |
| |
Number of
Securities Underlying Options Exercisable/ Units Convertible |
| |
Number of
Securities Underlying Options Not Exercisable/ Units Not Convertible(1) |
| |
Option
Expiration Date |
| |
Option
Exercise Price ($) |
| |
Number of
Shares or Units That Have Not Vested (#) |
| |
Market
Value of Shares or Units that Have Not Vested ($)(2) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights that Have Not Vested ($)(3) |
| |||||||||||||||||||||||||||
| Stephen W. Theriot | | |
Formation Unit
|
| | | | 7/18/2017 | | | | | | 26,954 | | | | | | 80,862 | | | | | | 7/18/2027 | | | | | | 37.10 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | |
Time-Based LTIP Unit
|
| | | | 8/1/2017 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,437(4) | | | | | | 107,475 | | | | | | — | | | | | | — | | |
| | | |
Time-Based LTIP Unit
|
| | | | 2/2/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 7,278(5) | | | | | | 227,583 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 2/2/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 26,810(9) | | | | | | 838,349 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 11/12/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,839(6) | | | | | | 401,476 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 11/12/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 21,942(10) | | | | | | 686,126 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 1/10/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,014(7) | | | | | | 313,138 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 1/10/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 23,452(11) | | | | | | 733,344 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 1/31/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,006(8) | | | | | | 375,428 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 1/31/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 24,772(12) | | | | | | 774,620 | | |
|
Kevin “Kai” Reynolds
|
| |
Formation Unit
|
| | | | 7/18/2017 | | | | | | 26,954 | | | | | | 80,862 | | | | | | 7/18/2027 | | | | | | 37.10 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | |
Time-Based LTIP Unit
|
| | | | 8/1/2017 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,094(4) | | | | | | 96,749 | | | | | | — | | | | | | — | | |
| | | |
Time-Based LTIP Unit
|
| | | | 2/2/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,914(5) | | | | | | 216,201 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 2/2/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 25,469(9) | | | | | | 796,416 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 11/12/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 24,592(6) | | | | | | 768,992 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 11/12/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 42,026(10) | | | | | | 1,314,153 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 1/10/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,959(7) | | | | | | 342,688 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 1/10/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 25,667(11) | | | | | | 802,607 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 1/31/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 19,470(8) | | | | | | 608,827 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 1/31/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 40,171(12) | | | | | | 1,256,147 | | |
|
Name
|
| |
Award Type
|
| |
Grant
Date |
| |
Number of
Securities Underlying Options Exercisable/ Units Convertible |
| |
Number of
Securities Underlying Options Not Exercisable/ Units Not Convertible(1) |
| |
Option
Expiration Date |
| |
Option
Exercise Price ($) |
| |
Number of
Shares or Units That Have Not Vested (#) |
| |
Market
Value of Shares or Units that Have Not Vested ($)(2) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights that Have Not Vested ($)(3) |
| |||||||||||||||||||||||||||
| M. Moina Banerjee | | |
Formation Unit
|
| | | | 7/18/2017 | | | | | | 17,544 | | | | | | 52,630 | | | | | | 7/18/2027 | | | | | | 37.10 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | |
Time-Based LTIP Unit
|
| | | | 8/1/2017 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,097(4) | | | | | | 65,573 | | | | | | — | | | | | | — | | |
| | | |
Time-Based LTIP Unit
|
| | | | 2/2/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,094(5) | | | | | | 159,289 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 2/2/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 18,767(9) | | | | | | 586,844 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 11/12/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,052(6) | | | | | | 439,406 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 11/12/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 24,015(10) | | | | | | 750,949 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 1/10/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 7,671(7) | | | | | | 239,872 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 1/10/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 17,967(11) | | | | | | 561,828 | | |
| | | |
Time-Based LTIP Unit
|
| | | | 1/31/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,682(8) | | | | | | 365,296 | | | | | | — | | | | | | — | | |
| | | |
Performance-Based LTIP Unit
|
| | | | 1/31/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 24,102(12) | | | | | | 753,670 | | |
| | |
Option Awards
|
| |
LTIP Awards
|
| ||||||||||||||||||
Name
|
| |
Number of
Shares Acquired on Exercise (#) |
| |
Value Realized
on Exercise ($) |
| |
Number of
Shares Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($) |
| ||||||||||||
W. Matthew Kelly | | | | | — | | | | | | — | | | | | | 84,586 | | | | | | 2,819,824 | | |
David P. Paul | | | | | — | | | | | | — | | | | | | 48,333 | | | | | | 1,611,262 | | |
Stephen W. Theriot | | | | | — | | | | | | — | | | | | | 24,167 | | | | | | 771,754 | | |
Kevin “Kai” Reynolds | | | | | — | | | | | | — | | | | | | 22,583 | | | | | | 720,715 | | |
M. Moina Banerjee | | | | | — | | | | | | — | | | | | | 15,591 | | | | | | 524,937 | | |
| | |
Termination
|
| |
No Termination
|
| | | | | | | ||||||||||||||||||
Name
|
| |
Without
Cause/For Good Reason |
| |
Without Cause/
For Good Reason Upon or Within Two Years Following a Change of Control |
| |
Death/Disability
|
| |
Change in
Control(1) |
| | | ||||||||||||||||
W. Matthew Kelly | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
Cash Severance(2)
|
| | | $ | 1,500,000 | | | | | $ | 4,500,000 | | | | | $ | — | | | | | $ | — | | | | | ||||
Pro Rata 2020 Bonus
|
| | | $ | 637,500(3) | | | | | $ | 750,000(4) | | | | | $ | 637,500(3) | | | | | $ | — | | | | | ||||
Healthcare Benefits
|
| | | $ | 25,914 | | | | | $ | 34,551 | | | | | $ | — | | | | | $ | — | | | | | ||||
Accelerated Vesting of Time-Based LTIP Units(5)
|
| | | $ | 7,471,435 | | | | | $ | 7,471,435 | | | | | $ | 7,471,435 | | | | | $ | — | | | | | ||||
Accelerated Vesting of Performance-Based LTIP
Units(6) |
| | | $ | 4,380,927 | | | | | $ | 6,690,060 | | | | | $ | 4,380,927 | | | | | $ | — | | | | | ||||
Accelerated Vesting of Initial Formation Award(7)
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | ||||
Cancellation of Equity Awards in Exchange for Cash
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 22,725,848 | | | | | ||||
Accelerated OP Units under Unit Issuance Agreement(8)
|
| | | $ | 10,122,787 | | | | | $ | 10,122,787 | | | | | $ | 10,122,787 | | | | | $ | 10,122,787 | | | | | ||||
David P. Paul | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
Cash Severance(2)
|
| | | $ | 1,250,000 | | | | | $ | 2,500,000 | | | | | $ | — | | | | | $ | — | | | | | ||||
Pro Rata 2020 Bonus
|
| | | $ | 531,250(3) | | | | | $ | 625,000(4) | | | | | $ | 531,250(3) | | | | | $ | — | | | | | ||||
Healthcare Benefits
|
| | | $ | 25,914 | | | | | $ | 34,551 | | | | | $ | — | | | | | $ | — | | | | | ||||
Accelerated Vesting of Time-Based LTIP Units(5)
|
| | | $ | 2,526,616 | | | | | $ | 2,526,616 | | | | | $ | 2,526,616 | | | | | $ | — | | | | |
| | |
Termination
|
| |
No Termination
|
| | | | | | | ||||||||||||||||||
Name
|
| |
Without
Cause/For Good Reason |
| |
Without Cause/
For Good Reason Upon or Within Two Years Following a Change of Control |
| |
Death/Disability
|
| |
Change in
Control(1) |
| | | ||||||||||||||||
Accelerated Vesting of Performance-Based LTIP
Units(6) |
| | | $ | 2,070,011 | | | | | $ | 2,652,978 | | | | | $ | 2,070,011 | | | | | $ | — | | | | | ||||
Accelerated Vesting of Initial Formation Award(7)
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | ||||
Cancellation of Equity Awards in Exchange for Cash
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 7,951,836 | | | | | ||||
Accelerated OP Units under Unit Issuance Agreement(8)
|
| | | $ | 4,496,970 | | | | | $ | 4,496,970 | | | | | $ | 4,496,970 | | | | | $ | 4,496,970 | | | | | ||||
Stephen W. Theriot | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
Cash Severance(2)
|
| | | $ | 1,100,000 | | | | | $ | 2,200,000 | | | | | $ | — | | | | | $ | — | | | | | ||||
Pro Rata 2020 Bonus
|
| | | $ | 467,500(3) | | | | | $ | 550,000(4) | | | | | $ | 467,500(3) | | | | | $ | — | | | | | ||||
Healthcare Benefits
|
| | | $ | 25,914 | | | | | $ | 34,551 | | | | | $ | — | | | | | $ | — | | | | | ||||
Accelerated Vesting of Time-Based LTIP Units(5)
|
| | | $ | 1,425,099 | | | | | $ | 1,425,099 | | | | | $ | 1,425,099 | | | | | $ | — | | | | | ||||
Accelerated Vesting of Performance-Based LTIP
Units(6) |
| | | $ | 1,078,878 | | | | | $ | 1,458,370 | | | | | $ | 1,078,878 | | | | | $ | — | | | | | ||||
Accelerated Vesting of Initial Formation Award(7)
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | ||||
Cancellation of Equity Awards in Exchange for Cash
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 4,457,539 | | | | | ||||
Kevin “Kai” Reynolds | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
Cash Severance(2)
|
| | | $ | 1,000,000 | | | | | $ | 2,000,000 | | | | | $ | — | | | | | $ | — | | | | | ||||
Pro Rata 2020 Bonus
|
| | | $ | 425,000(3) | | | | | $ | 500,000(4) | | | | | $ | 425,000(3) | | | | | $ | — | | | | | ||||
Healthcare Benefits
|
| | | $ | 25,914 | | | | | $ | 34,551 | | | | | $ | — | | | | | $ | — | | | | | ||||
Accelerated Vesting of Time-Based LTIP Units(5)
|
| | | $ | 2,033,457 | | | | | $ | 2,033,457 | | | | | $ | 2,033,457 | | | | | $ | — | | | | | ||||
Accelerated Vesting of Performance-Based LTIP
Units(6) |
| | | $ | 1,187,822 | | | | | $ | 1,788,269 | | | | | $ | 1,187,822 | | | | | $ | — | | | | | ||||
Accelerated Vesting of Initial Formation Award(7)
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | ||||
Cancellation of Equity Awards in Exchange for Cash
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 6,202,780 | | | | | ||||
Accelerated OP Units under Unit Issuance Agreement(8)
|
| | | $ | 3,385,353 | | | | | $ | 3,385,353 | | | | | $ | 3,385,353 | | | | | $ | 3,385,353 | | | | | ||||
M. Moina Banerjee | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
Cash Severance(2)
|
| | | $ | 850,000 | | | | | $ | 1,700,000 | | | | | $ | — | | | | | $ | — | | | | | ||||
Pro Rata 2020 Bonus
|
| | | $ | 361,250(3) | | | | | $ | 425,000(4) | | | | | $ | 361,250(3) | | | | | $ | — | | | | | ||||
Healthcare Benefits
|
| | | $ | 25,914 | | | | | $ | 34,551 | | | | | $ | — | | | | | $ | — | | | | | ||||
Accelerated Vesting of Time-Based LTIP Units(5)
|
| | | $ | 1,269,437 | | | | | $ | 1,269,437 | | | | | $ | 1,269,437 | | | | | $ | — | | | | | ||||
Accelerated Vesting of Performance-Based LTIP
Units(6) |
| | | $ | 822,151 | | | | | $ | 1,185,696 | | | | | $ | 822,151 | | | | | $ | — | | | | | ||||
Accelerated Vesting of Initial Formation Award(7)
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | ||||
Cancellation of Equity Awards in Exchange for Cash
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 3,922,728 | | | | | ||||
Accelerated OP Units under Unit Issuance Agreement(8)
|
| | | $ | 1,409,870 | | | | | $ | 1,409,870 | | | | | $ | 1,409,870 | | | | | $ | 1,409,870 | | | | |
| | |
Number of
Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights |
| |
Weighted-
Average Exercise Price of Outstanding Options, Warrants and Rights |
| |
Number of
Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in First Column) |
| |||||||||
Equity compensation plans approved by shareholders(1) | | | | | 7,069,242(2) | | | | | $ | — | | | | | | 5,031,719(3) | | |
Equity compensation plans not approved by shareholders | | | | | — | | | | | | — | | | | | | — | | |
Total equity compensation plans | | | | | 7,069,242 | | | | | $ | — | | | | | | 5,031,719 | | |
| | |
Number of
Common Shares and OP Units(1) |
| |
Percentage of All
Common Shares(2) |
| |
Percentage of All
Common Shares and OP Units(3) |
| |||||||||
Steven Roth(4) | | | | | 4,518,745 | | | | | | 3.43% | | | | | | 3.10% | | |
W. Matthew Kelly(5) | | | | | 819,409 | | | | | | * | | | | | | * | | |
M. Moina Banerjee(6) | | | | | 159,680 | | | | | | * | | | | | | * | | |
Phyllis R. Caldwell | | | | | — | | | | | | * | | | | | | * | | |
Scott A. Estes(7) | | | | | 55,654 | | | | | | * | | | | | | * | | |
Alan S. Forman(8) | | | | | 12,071 | | | | | | * | | | | | | * | | |
Michael J. Glosserman(9) | | | | | 339,902 | | | | | | * | | | | | | * | | |
Charles E. Haldeman, Jr.(10) | | | | | 100,240 | | | | | | * | | | | | | * | | |
Alisa M. Mall | | | | | — | | | | | | * | | | | | | * | | |
Carol A. Melton(11) | | | | | 17,740 | | | | | | * | | | | | | * | | |
William J. Mulrow(12) | | | | | 12,071 | | | | | | * | | | | | | * | | |
David P. Paul(13) | | | | | 533,720 | | | | | | * | | | | | | * | | |
Kevin “Kai” Reynolds(14) | | | | | 353,433 | | | | | | * | | | | | | * | | |
D. Ellen Shuman(15) | | | | | 14,965 | | | | | | * | | | | | | * | | |
Robert A. Stewart(16) | | | | | 795,932 | | | | | | * | | | | | | * | | |
Stephen W. Theriot(17) | | | | | 86,947 | | | | | | * | | | | | | * | | |
All trustees and executive officers as a group (18 people)
|
| | | | 7,937,599 | | | | | | 5.89% | | | | | | 5.43% | | |
| | |
Number of
Common Shares and Partnership Units(1) |
| |
Percentage of
All Common Shares |
| |
Percentage of
All Common Shares and Partnership Units(2) |
| |||||||||
The Vanguard Group, Inc.(3) 100 Vanguard Boulevard Malvern, PA 19355
|
| | | | 17,098,065 | | | | | | 13.01% | | | | | | 11.73% | | |
BlackRock, Inc.(4) 55 East 52nd Street New York, NY 10055
|
| | | | 13,053,525 | | | | | | 9.93% | | | | | | 8.96% | | |
Norges Bank (The Central Bank of Norway)(5)
Bankplassen 2 PO Box 1179 Sentrum NO 0107 Oslo, Norway |
| | | | 11,714,255 | | | | | | 8.91% | | | | | | 8.04% | | |
T. Rowe Price Associates, Inc.(6) 100 E. Pratt Street Baltimore, MD 21202
|
| | | | 8,670,563 | | | | | | 6.59% | | | | | | 5.95% | | |
APG Asset Management US Inc.(7) 666 3rd Ave.,
2nd Floor, New York, NY 10017 |
| | | | 7,219,500 | | | | | | 5.49% | | | | | | 4.95% | | |
| | | | By Order of the Board of Trustees, | |
| | | |
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|
| | | |
Steven A. Museles
Chief Legal Officer and
Corporate Secretary |
|