2022 Director Compensation Summary for Alexandria Real Estate Equities, Inc.
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Summary
Alexandria Real Estate Equities, Inc. outlines its 2022 compensation for independent non-employee directors. Directors receive an annual retainer of $110,000, with additional fees for committee chairs and members. They are also granted 738 shares of restricted stock, vesting over three years. Directors may defer their fees under the company's deferred compensation plan. Employee directors do not receive compensation for board service. Out-of-pocket expenses for meeting attendance are reimbursed.
EX-10.25 3 a4q21-ex1025.htm EX-10.25 Document
EXHIBIT 10.25
SUMMARY OF DIRECTOR COMPENSATION ARRANGEMENTS
Independent non-employee directors of Alexandria Real Estate Equities, Inc. (the “Company”) will receive the following compensation in 2022:
An annual retainer fee of $110,000.
The committee chairpersons will receive additional annual fees as follows:
| Lead Independent Director | $ | 50,000 | |||
| Audit Committee Chairperson | $ | 35,000 | |||
| Compensation Committee Chairperson | $ | 35,000 | |||
| Nominating & Governance Committee Chairperson | $ | 35,000 | |||
| Science, Technology, and Agtech Committee Chairperson | $ | 35,000 | |||
The committee members, other than the chairpersons, will receive additional annual fees as follows:
| Audit Committee Member | $ | 20,000 | |||
| Compensation Committee Member | $ | 20,000 | |||
| Nominating & Governance Committee Member | $ | 20,000 | |||
| Science, Technology, and Agtech Committee Member | $ | 20,000 | |||
| Pricing Committee Member | $ | 6,000 | |||
Reimbursement of out-of-pocket expenses incurred to attend related meetings.
A restricted stock grant of 738 shares of common stock on January 14, 2022, under the Company’s Amended and Restated 1997 Stock Award and Incentive Plan. Such shares vest over a period from January 14, 2023 to January 14, 2025.
The Company’s independent non-employee directors may elect to defer all or any portion of the fees above in accordance with the Company’s deferred compensation plan for its directors.
Directors who are also employees of the Company will not receive any compensation for their services as directors of the Company.
