ARE: Officer/Director Changes & Comp Arrangements Reported

TL;DR

**ARE just filed an 8-K about executive changes and compensation, watch for details.**

AI Summary

Alexandria Real Estate Equities, Inc. filed an 8-K on January 11, 2024, reporting an event that occurred on January 5, 2024, related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'. This filing indicates changes in leadership or executive compensation, which can impact the company's strategic direction and financial performance. Investors should pay attention to the specifics of these changes as they can signal future stability or shifts in company management and spending.

Why It Matters

Changes in executive leadership or compensation can signal shifts in company strategy, financial health, or governance, directly influencing investor confidence and stock valuation.

Risk Assessment

Risk Level: medium — Changes in executive leadership or compensation can introduce uncertainty, potentially impacting future company performance and stock price.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the executive changes and compensation arrangements, as these will provide clarity on potential impacts to the company's future direction and financial health.

Key Numbers

• $.01 — par value per share (par value of the Common Stock of Alexandria Real Estate Equities, Inc.)

Key Players & Entities

• ALEXANDRIA REAL ESTATE EQUITIES, INC. (company) — the registrant filing the 8-K
• January 5, 2024 (date) — date of the earliest event reported
• January 11, 2024 (date) — date the 8-K was filed
• Maryland (company) — state of incorporation for Alexandria Real Estate Equities, Inc.
• 1-12993 (company) — Commission File Number for Alexandria Real Estate Equities, Inc.
• 95-4502084 (company) — I.R.S. Employer Identification No. for Alexandria Real Estate Equities, Inc.
• 26 North Euclid Avenue Pasadena, California 91101 (company) — principal executive offices address
• 626-578-0777 (company) — registrant's telephone number
• Common Stock, $.01 par value per share (dollar_amount) — description of registered securities
• ARE (company) — trading symbol for Alexandria Real Estate Equities, Inc.

Forward-Looking Statements

• The specific details of the compensatory arrangements will be disclosed in a subsequent filing or press release. (Alexandria Real Estate Equities, Inc.) — medium confidence, target: Q1 2024
• The departure or appointment of officers will lead to a minor shift in the company's operational strategy. (Alexandria Real Estate Equities, Inc.) — low confidence, target: Q2 2024

FAQ

Key Financial Figures

• $3,600,000 — value of each target LTI Grant will be $3,600,000 (instead of $2,750,000); (ii) 50% of th
• $2,750,000 — TI Grant will be $3,600,000 (instead of $2,750,000); (ii) 50% of the shares subject to the
• $5,500,000 — value of each target LTI Grant will be $5,500,000 (instead of $4,500,000); (ii) the Time-
• $4,500,000 — TI Grant will be $5,500,000 (instead of $4,500,000); (ii) the Time-Based Stock will vest m

Filing Documents

• tm242173d1_8k.htm (8-K) — 28KB
• 0001104659-24-003306.txt ( ) — 195KB
• are-20240105.xsd (EX-101.SCH) — 3KB
• are-20240105_lab.xml (EX-101.LAB) — 33KB
• are-20240105_pre.xml (EX-101.PRE) — 22KB
• tm242173d1_8k_htm.xml (XML) — 3KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Amendment of Compensatory Arrangement – Joel S. Marcus On and effective January 5, 2024, Alexandria Real Estate Equities, Inc. (the "Company") entered into a letter amendment (the "Marcus Amendment") to the Amended and Restated Executive Employment Agreement, effective January 1, 2015, as amended pursuant to letter agreements dated July 3, 2017, March 20, 2018, January 15, 2019, June 8, 2020 and August 30, 2023 (collectively, the "Marcus Agreement"), between the Company and Joel S. Marcus, the Company's Executive Chairman. The Marcus Amendment amends Section 3.4(h)(i) of the Marcus Agreement and Exhibit B thereto to provide that, with respect to any annual long-term incentive compensation award in the form of restricted shares of the Company's common stock (an "LTI Grant") granted after the date of the Marcus Amendment: (i) the value of each target LTI Grant will be $3,600,000 (instead of $2,750,000); (ii) 50% of the shares subject to the target LTI Grant (the "Time-Based Stock") will vest monthly in equal installments over a 48-month period (instead of a 36-month period) following the applicable date of grant based solely on Mr. Marcus's continued service with the Company; (iii) the remaining 50% of the shares subject to the target LTI Grant (the "Target Performance-Based Stock") will vest based on certain corporate performance criteria, provided that such number is to be increased by 50% (instead of 56.4%), such that the number of shares subject to the LTI Grant that is subject to performance-based vesting is to be 150% (instead of 156.4%) of the Target Performance-Based Stock (the "Maximum Performance-Based Stock"); and (iv) certain trading restrictions will apply with respect to any vested shares of the Time-Based Stock and the Maximum Performance-Based Stock. The foregoing description of the Marcus A

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ALEXANDRIA REAL ESTATE EQUITIES, INC. Date: January 11, 2024 By: /s/ Marc E. Binda Marc E. Binda Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR