REITs Executive Compensation Guide

Types of Awards

30 30 30 31 31 31 32 33 34 36 38 40 40 40 40 40 41 41 41 41 42 43 43 43 44 44 45 47 47 47 53 58 60 61 67 67 67 68

Restricted Stock

Restricted Stock Units (RSUs)

Options and Stock Appreciation Rights (SARs)

LTIP Units

Prevalence of Award Type in the REIT Industry

Advantages and Disadvantages of Commonly Used Equity Awards in the REIT Industry

Vesting, Acceleration and CiC

Section 162(m) Section 409A

Section 83(b) Elections

Problematic Equity Plan Provisions

Evergreen Plans

Excessive Share Reservations

Liberal Share Recycling

Single-Trigger CiC Provisions

Governance Matters and Proxy Advisory Firms

Proxy Advisory Firms

Pay-For-Performance Alignment

Transparency

Board Compensation Clawback Provisions

Hedging and Pledging Policies Equity Ownership Guidelines

SEC Filings

Form S-8

Item 5.02(e) of Form 8-K

Proxy Statements

Determination of Named Executive Officers

Disclosure Requirements Pay-Versus-Performance

Stockholder Approval of Equity Plans and Approval of Material Amendments to Equity Plans

Pay Ratio Disclosure

Stockholder Advisory Votes on Executive Compensation

Section 16

General

Disclosure Requirements Section 16(b) and Rule 16b-3

Contributors

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2023 Guide to REIT Executive Compensation | II