2020 Director Compensation Summary for Alexandria Real Estate Equities, Inc.
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Summary
Alexandria Real Estate Equities, Inc. outlines the 2020 compensation for its independent non-employee directors. Directors receive an annual retainer, additional fees for serving as committee chairs or members, reimbursement for meeting expenses, and a grant of 863 restricted shares vesting over three years. Directors may defer their fees under a company plan. Directors who are also company employees do not receive separate compensation for board service.
EX-10.22 3 a4q19-ex1022.htm EXHIBIT 10.22 Exhibit
EXHIBIT 10.22
SUMMARY OF DIRECTOR COMPENSATION ARRANGEMENTS
Independent non-employee directors of Alexandria Real Estate Equities, Inc. (the “Company”) will receive the following compensation in 2020:
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 and Technology Committee Chairperson | $ | 20,000 | |
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 and Technology Committee Member | $ | 6,000 | |
Pricing Committee Member | $ | 6,000 | |
Reimbursement of out-of-pocket expenses incurred to attend related meetings.
A restricted stock grant of 863 shares of common stock on January 15, 2020, under the Company’s Amended and Restated 1997 Stock Award and Incentive Plan. Such shares vest over a period from March 31, 2020 to March 31, 2023.
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.
