2023 Director Compensation Summary for Alexandria Real Estate Equities, Inc.
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Summary
Alexandria Real Estate Equities, Inc. outlines the 2023 compensation for its independent non-employee directors. Directors receive an annual retainer of $110,000, with additional fees for committee chairs and members. They are also granted 1,125 shares of restricted stock, vesting from March 2023 to March 2026. 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 a4q22-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 earn the following compensation in 2023:
An annual retainer fee of $110,000.
The committee chairpersons will earn additional annual fees as follows:
| Lead Independent Director | $ | 50,000 | |||
| Audit Committee Chairperson | $ | 40,000 | |||
| Compensation Committee Chairperson | $ | 35,000 | |||
| Nominating & Governance Committee Chairperson | $ | 35,000 | |||
| Science, Agtech, and Technology Committee Chairperson | $ | 35,000 | |||
The committee members, other than the chairpersons, will earn additional annual fees as follows:
| Audit Committee Member | $ | 20,000 | |||
| Compensation Committee Member | $ | 20,000 | |||
| Nominating & Governance Committee Member | $ | 20,000 | |||
| Science, Agtech, and Technology Committee Chairperson | $ | 20,000 | |||
| Pricing Committee Member | $ | 6,000 | |||
Reimbursement of out-of-pocket expenses incurred to attend related meetings.
A restricted stock grant of 1,125 shares of common stock on January 13, 2023, under the Company’s Amended and Restated 1997 Stock Award and Incentive Plan. Such shares vest over a period from March 31, 2023 to March 31, 2026.
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.
