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FEDERAL REALTY INVESTMENT TRUST
<div id="toc885813_60" style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="font-family: "Times New Roman"; color: rgb(255, 22, 15); letter-spacing: 0px; top: 0px;display:inline;">➣</div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> PAY VERSUS PERFORMANCE DISCLOSURE </div></div></div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;width:100%;border:0;margin:0 auto">
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
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<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style=" BORDER-BOTTOM:1.00pt solid #ffffff;vertical-align:bottom"> </td>
<td colspan="6" style="BORDER-BOTTOM:1.00pt solid #ffffff;vertical-align:bottom;text-align:center"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">Value of Initial Fixed $100<br/> Investment Based On:</div></div></div></div></td>
<td style=" BORDER-BOTTOM:1.00pt solid #ffffff;vertical-align:bottom"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#ff160f">
<td style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"> Year</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">Summary<br/> Compenstion<br/> Table Total for<br/> PEO</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(1)</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">Compensation<br/> Actually Paid to<br/> PEO</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(1)</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">Average<br/> Summary<br/> Compenstion<br/> Table Total for<br/> <div style="white-space:nowrap;display:inline;">non-PEO NEOs</div></div><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(2)</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">Average<br/> Compensation<br/> Actually Paid to<br/> <div style="white-space:nowrap;display:inline;">non-PEO NEOs</div></div><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(2)</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">Total<br/> Shareholder<br/> Return</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">Peer Group<br/> Total<br/> Shareholder<br/> Return</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(3)</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">Net<br/> Income<br/> (in 000s)</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">FFO per<br/> Diluted<br/> Share</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(4)</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> 2024</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">9,240,530</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">11,336,876</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">3,108,949</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">3,549,950</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">106.52</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">125.61</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">304,334</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.77</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> 2023</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">8,941,820</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">9,972,582</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">2,499,276</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">2,742,212</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">95.04</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">113.74</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">247,217</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.55</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> 2022</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">8,916,031</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">6,570,796</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">2,177,775</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,669,484</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">89.10</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">104.09</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">395,661</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.32</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> 2021</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">7,520,917</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">15,446,709</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">2,955,860</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">3,999,185</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">115.21</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">119.96</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">269,081</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.57</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> 2020</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">7,481,796</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,832,214</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,753,182</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">859,320</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">69.44</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">73.36</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">135,888</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.38</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> <div style="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;border:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:7.5px">(1)</div> </td>
<td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: ARIAL; text-align: justify; line-height: normal;">Mr. Wood was our principal executive officer for all years shown. Following are the adjustments made during each year shown to arrive at compensation actually paid to our principal executive officer during each year. </div> </td> </tr> </table> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:45%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#ff160f">
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="18" style="vertical-align:bottom;text-align:center"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">PEO</div></div></div></div></td>
<td style="vertical-align:bottom"> </td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#ff160f">
<td style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"> Adjustments</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2024</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2023</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2022</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2021</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2020</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Amounts reported under “Stock Aw ards” in SCT</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(6,946,529</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(6,502,565</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(6,474,391</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(5,213,719</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(5,830,493</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td> </tr>
<tr style="font-size:1pt;background-color:#d8d8d8">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#d8d8d8">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Change Fair Value of Aw ards Granted in Year and Unvested as of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div></div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">7,649,655</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 6,203,610</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">5,171,732</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">7,421,261</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">3,899,517</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Change in Fair Value from Prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div> to Current <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div> of Aw ards Granted Prior to Year that w ere Outstanding and Unvested as of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div></div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">991,042</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">406,886</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(1,546,034</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">4,544,000</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(3,866,637</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td> </tr>
<tr style="font-size:1pt;background-color:#d8d8d8">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#d8d8d8">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Change in Fair Value from Prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div> to Vesting Date of Aw ards Granted Prior to Year that Vested During Year</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(128,475</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">449,965</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">66,969</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">765,243</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(223,600</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Increase based on Dividends or Other Earnings Paid During Year prior to Vesting Date of Award</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 530,653</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">472,866</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 436,488</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 409,008</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 371,631</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td> </tr>
<tr style="font-size:1px">
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1pt solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td colspan="17" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1pt solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-size:1pt;background-color:#d8d8d8">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#d8d8d8">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"><div style="font-weight:bold;display:inline;">Total Adjustments</div></div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> $</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">2,096,346</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">1,030,762</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">(2,345,236</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">) </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">7,925,792</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">(5,649,582</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">) </div></div></td> </tr> </table> <div style="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;border:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:7.5px">(2)</div> </td>
<td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: ARIAL; text-align: justify; line-height: normal;">For 2020, our other NEOs were Mr. Guglielmone and Ms. Becker. For 2021, 2022, 2023 and 2024, our other NEOs were Mr. Berkes, Mr. Guglielmone and Ms. Becker. Following are the adjustments made during each year shown to arrive at the average compensation actually paid to our other NEOs during each year. </div> </td> </tr> </table> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:47%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#ff160f">
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="18" style="vertical-align:bottom;text-align:center"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">Average of Other NEOs</div></div></div></div></td>
<td style="vertical-align:bottom"> </td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#ff160f">
<td style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"> Adjustments</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2024</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2023</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2022</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2021</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2020</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Amounts reported under “Stock Aw ards” in SCT</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(1,237,406</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(1,143,120</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(941,423</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(1,903,744</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(863,272</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td> </tr>
<tr style="font-size:1pt;background-color:#d8d8d8">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#d8d8d8">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Change Fair Value of Aw ards Granted in Year and Unvested as of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div></div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,362,655</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,090,565</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">752,007</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,669,647</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">577,369</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Change in Fair Value from Prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div> to Current <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div> of Aw ards Granted Prior to Year that w ere Outstanding and Unvested as of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div></div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">230,157</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">99,558</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(433,020</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,024,717</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(616,362</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td> </tr>
<tr style="font-size:1pt;background-color:#d8d8d8">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#d8d8d8">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Change in Fair Value from Prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div> to Vesting Date of Aw ards Granted Prior to Year that Vested During Year</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(20,379</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">91,527</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">5,263</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">149,658</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(51,710</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Increase based on Dividends or Other Earnings Paid During Year prior to Vesting Date of Award</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 105,973</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 104,406</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 108,881</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 103,048</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 60,114</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td> </tr>
<tr style="font-size:1px">
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1pt solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td colspan="17" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1pt solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-size:1pt;background-color:#d8d8d8">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#d8d8d8">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"><div style="font-weight:bold;display:inline;">Total Adjustments</div></div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> $</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">441,001</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">242,936</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">(508,292</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">) </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">1,043,325</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">(893,862</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">) </div></div></td> </tr> </table> <div style="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;border:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:7.5px">(3)</div> </td>
<td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: ARIAL; text-align: justify; line-height: normal;">Peer group is the BBRESHOP Index. </div> </td> </tr> </table>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;border:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:7.5px">(4)</div> </td>
<td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: ARIAL; text-align: justify; line-height: normal;">The Company has identified FFO per diluted share as the most important additional financial metric used to link pay and performance. Our annual bonus program pays out based on our absolute level of FFO per diluted share achieved for the year and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">one-third</div> of our long-term incentive plan pays out based on a metric tied to FFO per diluted share. FFO per diluted share is a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-GAAP</div> financial measure of a real estate company’s operating performance and is defined by the National Association of Real Estate Investment Trusts. We consider FFO per diluted share a meaningful measure of operating performance primarily because it avoids the assumption that the value of real estate assets diminishes predictably over time and is a primary way of evaluating our operating performance as compared to other real estate investment trusts. A reconciliation of FFO per diluted share to net income is included as Appendix A. </div> </td> </tr> </table>
9240530
11336876
3108949
3549950
106.52
125.61
304334000
6.77
8941820
9972582
2499276
2742212
95.04
113.74
247217000
6.55
8916031
6570796
2177775
1669484
89.1
104.09
395661000
6.32
7520917
15446709
2955860
3999185
115.21
119.96
269081000
5.57
7481796
1832214
1753182
859320
69.44
73.36
135888000
4.38
Mr. Wood
Following are the adjustments made during each year shown to arrive at compensation actually paid to our principal executive officer during each year.
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:45%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#ff160f">
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="18" style="vertical-align:bottom;text-align:center"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">PEO</div></div></div></div></td>
<td style="vertical-align:bottom"> </td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#ff160f">
<td style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"> Adjustments</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2024</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2023</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2022</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2021</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2020</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Amounts reported under “Stock Aw ards” in SCT</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(6,946,529</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(6,502,565</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(6,474,391</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(5,213,719</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(5,830,493</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td> </tr>
<tr style="font-size:1pt;background-color:#d8d8d8">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#d8d8d8">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Change Fair Value of Aw ards Granted in Year and Unvested as of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div></div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">7,649,655</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 6,203,610</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">5,171,732</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">7,421,261</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">3,899,517</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Change in Fair Value from Prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div> to Current <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div> of Aw ards Granted Prior to Year that w ere Outstanding and Unvested as of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div></div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">991,042</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">406,886</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(1,546,034</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">4,544,000</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(3,866,637</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td> </tr>
<tr style="font-size:1pt;background-color:#d8d8d8">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#d8d8d8">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Change in Fair Value from Prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div> to Vesting Date of Aw ards Granted Prior to Year that Vested During Year</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(128,475</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">449,965</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">66,969</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">765,243</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(223,600</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Increase based on Dividends or Other Earnings Paid During Year prior to Vesting Date of Award</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 530,653</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">472,866</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 436,488</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 409,008</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 371,631</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td> </tr>
<tr style="font-size:1px">
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1pt solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td colspan="17" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1pt solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-size:1pt;background-color:#d8d8d8">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#d8d8d8">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"><div style="font-weight:bold;display:inline;">Total Adjustments</div></div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> $</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">2,096,346</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">1,030,762</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">(2,345,236</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">) </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">7,925,792</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">(5,649,582</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">) </div></div></td> </tr> </table>
-6946529
-6502565
-6474391
-5213719
-5830493
7649655
6203610
5171732
7421261
3899517
991042
406886
-1546034
4544000
-3866637
-128475
449965
66969
765243
-223600
530653
472866
436488
409008
371631
2096346
1030762
-2345236
7925792
-5649582
For 2020, our other NEOs were Mr. Guglielmone and Ms. Becker. For 2021, 2022, 2023 and 2024, our other NEOs were Mr. Berkes, Mr. Guglielmone and Ms. Becker.
Following are the adjustments made during each year shown to arrive at the average compensation actually paid to our other NEOs during each year.
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:47%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#ff160f">
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="18" style="vertical-align:bottom;text-align:center"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">Average of Other NEOs</div></div></div></div></td>
<td style="vertical-align:bottom"> </td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#ff160f">
<td style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"> Adjustments</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2024</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2023</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2022</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2021</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td colspan="2" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;display:inline;">2020</div></div></div></div></div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div> </td>
<td style="vertical-align:bottom"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Amounts reported under “Stock Aw ards” in SCT</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(1,237,406</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(1,143,120</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(941,423</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(1,903,744</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(863,272</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td> </tr>
<tr style="font-size:1pt;background-color:#d8d8d8">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#d8d8d8">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Change Fair Value of Aw ards Granted in Year and Unvested as of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div></div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,362,655</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,090,565</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">752,007</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,669,647</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">577,369</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Change in Fair Value from Prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div> to Current <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div> of Aw ards Granted Prior to Year that w ere Outstanding and Unvested as of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div></div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">230,157</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">99,558</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(433,020</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,024,717</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(616,362</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td> </tr>
<tr style="font-size:1pt;background-color:#d8d8d8">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#d8d8d8">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Change in Fair Value from Prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Year-End</div> to Vesting Date of Aw ards Granted Prior to Year that Vested During Year</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(20,379</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">91,527</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">5,263</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">149,658</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right">(51,710</td>
<td style="white-space:nowrap;vertical-align:bottom">) </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"> Increase based on Dividends or Other Earnings Paid During Year prior to Vesting Date of Award</div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"> $</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 105,973</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 104,406</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 108,881</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 103,048</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom">$</td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"> 60,114</td>
<td style="white-space:nowrap;vertical-align:bottom"> </td> </tr>
<tr style="font-size:1px">
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1pt solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td colspan="17" style="vertical-align:bottom"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1pt solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-size:1pt;background-color:#d8d8d8">
<td style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td>
<td colspan="4" style="height:3pt"></td> </tr>
<tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#d8d8d8">
<td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"><div style="font-weight:bold;display:inline;">Total Adjustments</div></div> </td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> $</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">441,001</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">242,936</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">(508,292</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">) </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">1,043,325</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">$</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">(893,862</div></div></td>
<td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">) </div></div></td> </tr> </table>
-1237406
-1143120
-941423
-1903744
-863272
1362655
1090565
752007
1669647
577369
230157
99558
-433020
1024717
-616362
-20379
91527
5263
149658
-51710
105973
104406
108881
103048
60114
441001
242936
-508292
1043325
-893862
Peer group is the BBRESHOP Index.
FFO per diluted share
FFO per diluted share
FFO per diluted share is a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-GAAP</div> financial measure of a real estate company’s operating performance and is defined by the National Association of Real Estate Investment Trusts. We consider FFO per diluted share a meaningful measure of operating performance primarily because it avoids the assumption that the value of real estate assets diminishes predictably over time and is a primary way of evaluating our operating performance as compared to other real estate investment trusts. A reconciliation of FFO per diluted share to net income is included as Appendix A.
<div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The following <div style="letter-spacing: 0px; top: 0px;display:inline;">charts </div>show the relationship of the compensation actually paid to our CEO and the average compensation actually paid to our other NEOs as compared to the total shareholder return for the Company and for the BBRESHOP Index. </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center">
<img alt="" src="g885813g17a80.jpg" style="width: 302px; height: 173px;"/><br/></div> <div style="font-size:1pt; margin-top:0pt; margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center">
<img alt="" src="g885813g99n01.jpg" style="width: 302px; height: 173px;"/><br/></div> <div style="font-size:1pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;border:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left">*</td>
<td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: ARIAL; text-align: justify; line-height: normal;">Compensation actually paid is shown in thousands. </div> </td> </tr> </table>
<div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The following <div style="letter-spacing: 0px; top: 0px;display:inline;">charts </div>show the relationship of the compensation actually paid to our CEO and the average compensation actually paid to our other NEOs as compared to the total shareholder return for the Company and for the BBRESHOP Index. </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center">
<img alt="" src="g885813g17a80.jpg" style="width: 302px; height: 173px;"/><br/></div> <div style="font-size:1pt; margin-top:0pt; margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center">
<img alt="" src="g885813g99n01.jpg" style="width: 302px; height: 173px;"/><br/></div> <div style="font-size:1pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;border:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left">*</td>
<td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: ARIAL; text-align: justify; line-height: normal;">Compensation actually paid is shown in thousands. </div> </td> </tr> </table>
<div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The <div style="letter-spacing: 0px; top: 0px;display:inline;">following </div><div style="letter-spacing: 0px; top: 0px;display:inline;">charts </div>show the relationship of the compensation actually paid to our CEO and the average compensation actually paid to our other NEOs as compared to our GAAP reported net income and our FFO per diluted share. </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center">
<img alt="" src="g885813g00m01.jpg" style="width: 302px; height: 173px;"/><br/></div> <div style="font-size:1pt; margin-top:0pt; margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center">
<img alt="" src="g885813g01g02.jpg" style="width: 302px; height: 173px;"/><br/></div> <div style="font-size:1pt; margin-top:0pt; margin-bottom:0pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;border:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:1%"> </td>
<td style="width:4%;vertical-align:top;text-align:left">*</td>
<td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: ARIAL; text-align: justify; line-height: normal;">Net income is shown in ten thousands. </div> </td> </tr> </table>
<div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The <div style="letter-spacing: 0px; top: 0px;display:inline;">following </div><div style="letter-spacing: 0px; top: 0px;display:inline;">charts </div>show the relationship of the compensation actually paid to our CEO and the average compensation actually paid to our other NEOs as compared to our GAAP reported net income and our FFO per diluted share. </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center">
<img alt="" src="g885813g00m01.jpg" style="width: 302px; height: 173px;"/><br/></div> <div style="font-size:1pt; margin-top:0pt; margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center">
<img alt="" src="g885813g01g02.jpg" style="width: 302px; height: 173px;"/><br/></div> <div style="font-size:1pt; margin-top:0pt; margin-bottom:0pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;border:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:1%"> </td>
<td style="width:4%;vertical-align:top;text-align:left">*</td>
<td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: ARIAL; text-align: justify; line-height: normal;">Net income is shown in ten thousands. </div> </td> </tr> </table>
<div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL;"><div style="font-weight:bold;display:inline;">Other Important Financial Performance Measures for Executive Compensation </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">Following is a list of the most important financial and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-financial</div> measures used to link executive compensation and company performance. </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:5%"> </td>
<td style="width:3%;vertical-align:top;text-align:left">•</td>
<td style="width:1%;vertical-align:top"> </td>
<td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 10pt; text-align: justify; line-height: normal;">Return on invested capital </div> </td> </tr> </table> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:5%"> </td>
<td style="width:3%;vertical-align:top;text-align:left">•</td>
<td style="width:1%;vertical-align:top"> </td>
<td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 10pt; text-align: justify; line-height: normal;">Relative total shareholder return compared to the BBRESHP Index </div> </td> </tr> </table> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:5%"> </td>
<td style="width:3%;vertical-align:top;text-align:left">•</td>
<td style="width:1%;vertical-align:top"> </td>
<td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 10pt; text-align: justify; line-height: normal;">Relative FFO per diluted share multiple premium </div> </td> </tr> </table> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border:0;width:100%">
<tr style="page-break-inside:avoid">
<td style="width:5%"> </td>
<td style="width:3%;vertical-align:top;text-align:left">•</td>
<td style="width:1%;vertical-align:top"> </td>
<td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 10pt; text-align: justify; line-height: normal;">Individual performance including consideration of things such as leasing and occupancy activity, investment activity and advancement of ESG objectives </div> </td> </tr> </table> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">Please see the Compensation Discussion and Analysis on pages 19 to 29 for more information on these measures and how they are taken into account in determining compensation for each of our NEOs. </div>
Return on invested capital
Relative total shareholder return compared to the BBRESHP Index
Relative FFO per diluted share multiple premium
Individual performance including consideration of things such as leasing and occupancy activity, investment activity and advancement of ESG objectives