W. P. Carey Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: WPC · Form: DEF 14A · Filed: 2024-03-28T00:00:00.000Z

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, W. P. Carey Inc., Real Estate Investment Trust, Shareholder Meeting

TL;DR

<b>W. P. Carey Inc. has filed its Definitive Proxy Statement (DEF 14A) on March 28, 2024, for the reporting period ending June 13, 2024.</b>

AI Summary

W. P. Carey Inc. (WPC) filed a Proxy Statement (DEF 14A) with the SEC on March 28, 2024. Filing type: DEF 14A (Definitive Proxy Statement). Company: W. P. Carey Inc. Filing Date: 2024-03-28. Reporting Period: 2024-06-13. SIC Code: 6798 (Real Estate Investment Trusts).

Why It Matters

For investors and stakeholders tracking W. P. Carey Inc., this filing contains several important signals. This filing is a standard DEF 14A, indicating it contains information related to the solicitation of proxies for an upcoming shareholder meeting, which is typical for publicly traded companies. The SIC code 6798 confirms W. P. Carey Inc. operates as a Real Estate Investment Trust, a sector often subject to specific regulatory and market dynamics.

Risk Assessment

Risk Level: low — W. P. Carey Inc. shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures without immediate indications of significant financial distress or unusual operational changes.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand management's strategic direction and potential shareholder concerns.

Key Numbers

Key Players & Entities

FAQ

When did W. P. Carey Inc. file this DEF 14A?

W. P. Carey Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 28, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by W. P. Carey Inc. (WPC).

Where can I read the original DEF 14A filing from W. P. Carey Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by W. P. Carey Inc..

What are the key takeaways from W. P. Carey Inc.'s DEF 14A?

W. P. Carey Inc. filed this DEF 14A on March 28, 2024. Key takeaways: Filing type: DEF 14A (Definitive Proxy Statement). Company: W. P. Carey Inc.. Filing Date: 2024-03-28.

Is W. P. Carey Inc. a risky investment based on this filing?

Based on this DEF 14A, W. P. Carey Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures without immediate indications of significant financial distress or unusual operational changes.

What should investors do after reading W. P. Carey Inc.'s DEF 14A?

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand management's strategic direction and potential shareholder concerns. The overall sentiment from this filing is neutral.

How does W. P. Carey Inc. compare to its industry peers?

W. P. Carey Inc. operates as a Real Estate Investment Trust (REIT), a sector focused on owning, operating, or financing income-producing real estate.

Are there regulatory concerns for W. P. Carey Inc.?

As a REIT, W. P. Carey Inc. is subject to specific IRS regulations regarding income distribution and asset requirements to maintain its tax-advantaged status.

Industry Context

W. P. Carey Inc. operates as a Real Estate Investment Trust (REIT), a sector focused on owning, operating, or financing income-producing real estate.

Regulatory Implications

As a REIT, W. P. Carey Inc. is subject to specific IRS regulations regarding income distribution and asset requirements to maintain its tax-advantaged status.

What Investors Should Do

  1. Analyze the proposals to be voted on at the shareholder meeting.
  2. Review executive compensation details and any changes to incentive plans.
  3. Examine any shareholder proposals and the company's recommendation.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for proxy solicitations. No prior filing of this specific type is directly comparable in this context.

Filing Stats: 4,487 words · 18 min read · ~15 pages · Grade level 13.3 · Accepted 2024-03-28 08:00:42

Key Financial Figures

Filing Documents

Executive Compensation

Executive Compensation 4 Environmental, Social and Governance Highlights 35 Compensation Discussion and Analysis 6 Proposal One: Election of Ten Directors 35 Compensation Principles 6 Nominees for the Board of Directors 36 2023 Business Highlights 1 3 Committees of the Board of Directors 36 Compensation Highlights 1 6 Board Governance 40 Elements of Compensation 16 Board Member Term 45 Compensation Governance 16 Board Meetings and Director Attendance 47 Compensation Committee Report 16 Board Leadership Structure 47 Compensation Committee Interlocks and Insider Participation 16 Oversight of Risk Management 17 Cybersecurity 48 Summary Compensation Table 17 Management Succession Plan 49 2023 Grants of Plan-Based Awards 17 Director Independence 51 Outstanding Equity Awards at December 31, 2023 18 Board Refreshment 52 2023 Stock Vested 18 Board Nominating Procedures 53 2023 Nonqualified Deferred Compensation 20 Proxy Access 53 Potential Payments Upon Termination or Change-in-Control 20 Shareholder Amendment of Bylaws 2 1 Compensation of the Board of Directors 55 CEO Pay Ratio 22 2023 Director Compensation Table 56 Pay Versus Performance 23 Director Stock Compensation Table 60 Proposal Three: Approval of the Amended and Restated 2017 Share Incentive Plan 2 4 Corporate Governance 24 Shareholder Proposals 69 Proposal Four: Ratification of Appointment of Independent Registered Public Accounting Firm 24 Other Communications with the Board 24 Code of Ethics 70 Report of the Audit Committee 25 Human Rights Policy 70 Financial Expert 25 Compliance with Anti-Bribery, Foreign Corrupt Practices Act, and Office of Foreign Assets Control Requirements 71 Fees Billed by PricewaterhouseCoopers LLP During Fiscal Years 2023 and 2022 71 Pre-Approval Policies 25 Certain Relationships and Related Party Transactions 72

Security Ownership of Certain Beneficial Owners, Directors and Management

Security Ownership of Certain Beneficial Owners, Directors and Management 2 7 Overview of our ESG Program 74 Equity Compensation Plan Information 27 Environmental Practices 75 Users' Guide 28 Social Responsibility 77 Appendix A—Descriptions of Non-GAAP Financial Measures 30 Governance 3 2 Executive Officers A - 1 Exhibit A—2017 Share Incentive Plan (As Amended and Restated) 34 Proposal Two: Advisory Vote on Executive Compensation We make references herein to various websites, including our website located at www.wpcarey.com, however, the information located on, or accessible from, any website (including our website) is not, and should not be deemed to be, part of this proxy statement or incorporated into any other filing that we submit to the Securities and Exchange Commission (the "SEC"). Proxy Summary This summary highlights information contained in this Proxy Statement. The summary does not contain all of the information you should consider and you should read the entire Proxy Statement carefully before voting. Ways to Vote Internet Visit www.proxyvote.com. You will need the 16-digit number included on your proxy card, voter instruction form or notice. Phone Call 1-800-690-6903 or the number on your voter instruction form. You will need the 16-digit number included on your proxy card, voter instruction form or notice. Mail Send your completed and signed proxy card or voter instruction form to the address on your proxy card or voter instruction form. QR Code Point your smartphone camera at the icon to the left to visit www.proxyvote.com. You will need the 16-digit number included on your proxy card, voter instruction form or notice. Voting Matters and Board Recommendations Proposal Board Vote Recommendation Page 1 Election of Ten Directors Named in this Proxy Statement for 2024 FOR each Nominee 6 2 Consideration of an Advisory Vote on Executive Compensation FOR 3 4 3 Approval of the Amended and Restated 2017 Share Inc

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