Summary Compensation Table15 As its name suggests, the Summary Compensation Table is meant to provide a “concise, comprehensive overview of compensation awarded, earned or paid in the reporting period.”16 The Summary Compensation Table is meant to provide a summary of all compensation, including cash compensation, equity compensation and perquisites, paid to an NEO for the applicable fiscal years and provides investors with the basic information that is discussed in further detail in the CD&A and the other compensation tables. The Summary Compensation Table should cover compensation paid to each NEO during the last three fiscal years for all companies other than smaller reporting companies and emerging growth companies, which need only to provide information covering the last two fiscal years. Furthermore, if an individual becomes an NEO for the first time during the most recently completed fiscal year, information is required only for that year and not for either of the prior two fiscal years during which the individual was not an NEO. All compensation received by each NEO falls into one of the categories shown in the table below. A company may omit a column if no compensation paid to any NEO falls into that category. Determining which category to classify certain compensation can be a complex and fact-intensive analysis. Name and Principal Position1 Year2 Salary Bonus Stock Awards3 Option Awards3 Non-Equity Incentive Plan Compensation Change in Pension Value and Nonqualified Deferred Compensation Earnings All Other Compensation Total NEO 1 (PEO) Chief Executive Officer 2024 2023 2022 $ $ $ $ $ $ $ $ NEO 2 (PFO) Chief Financial Officer 2024 2023 2022 $ $ $ $ $ $ $ $ NEO 3 2024 2023 2022 $ $ $ $ $ $ $ $ NEO 4 2024 2023 2022 $ $ $ $ $ $ $ $ NEO 5 2024 2023 2022 $ $ $ $ $ $ $ $ 15 See Item 402(c) of Regulation S-K. 16 See Executive Compensation Disclosure, Release No. 33-6940 (June 23, 1992) [57 FR 29582]. 1 For smaller reporting companies and emerging growth companies, only the CEO and the next two most highly paid executive officers must be included in the table. 2 Information is only required for the years in which the individual was an NEO; however, if the individual was an NEO only in the first and third years in the three-year period, but not the second year, information is required to be presented for all three years. 3 Represents the aggregate grant date fair value computed in accordance with FASB ASC Topic 718. 2024 Guide to REIT Executive Compensation | 46
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