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| James M. Taylor Chief Executive Officer and President |
| | John G. Schreiber Chairman of the Board |
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TIME
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| | 9:00 a.m. (Eastern Daylight Time) on Thursday, May 18, 2017 | |
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PLACE
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| | Grand Hyatt New York 109 East 42nd Street at Grand Central Terminal New York, New York 10017 Gallery on Lex (Room III) |
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ITEMS OF BUSINESS
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1.
To elect nine directors to serve until our next annual meeting of stockholders and until their successors are duly elected and qualify.
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2.
To consider and vote on a proposal to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for 2017.
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3.
To consider and vote on, on a non-binding advisory basis, a resolution to approve the compensation paid to our named executive officers, as described in the enclosed proxy statement.
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4.
To transact such other business as may properly come before the Annual Meeting and any adjournments or postponements thereof.
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RECORD DATE
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| | You may vote at the Annual Meeting, or any adjournments or postponements thereof, if you were a stockholder of record at the close of business on March 14, 2017. | |
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VOTING BY PROXY
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| | To ensure your votes are cast, you may authorize a proxy over the Internet, by telephone or, if you have requested or received a paper copy of the proxy materials by mail, by completing, signing and returning your paper proxy card by mail. Internet and telephone voting procedures are described on the preceding page, in the General Information section beginning on page 1 of the proxy statement and on the proxy card. | |
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James M. Taylor Jr.
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| Director since 2016 | | |||
| Age 50 | |
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John G. Schreiber
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| Director and Chairman since 2013 | | |||
| Age 70 | |
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Michael Berman
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| Director since 2013 | | |||
| Age 59 | |
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Sheryl M. Crosland
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| Director since 2016 | | |||
| Age 64 | |
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| |
Anthony W. Deering
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| Director since 2013 | | |||
| Age 72 | |
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| |
Thomas W. Dickson
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| Director since 2015 | | |||
| Age 61 | |
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|
| | Daniel B. Hurwitz | |
| Director since 2016 | | |||
| Age 53 | |
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William D. Rahm
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| Director since 2013 | | |||
| Age 38 | |
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Gabrielle Sulzberger
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| Director since 2015 | | |||
| Age 56 | |
| | |
Audit
Committee |
| |
Compensation
Committee |
| |
Nominating
and Corporate Governance Committee |
|
James M. Taylor Jr. | | | | | ||||||
John G. Schreiber | | |
X
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| | | | |
X
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|
Michael Berman | | |
X, Chair
|
| | | ||||
Sheryl M. Crosland | | | | | ||||||
Anthony W. Deering | | |
X
|
| | | | |
X
|
|
Thomas W. Dickson | | | | | |
X
|
| | ||
Daniel B. Hurwitz | | | | | |
X
|
| | ||
William D. Rahm | | | | | |
X, Chair
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| |
X
|
|
Gabrielle Sulzberger | | |
X
|
| | | | |
X, Chair
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|
Name
|
| |
Age
|
| |
Principal Occupation and Other Information
|
|
Angela Aman | | |
37
|
| | Ms. Aman has served as Executive Vice President, Chief Financial Officer and Treasurer of Brixmor Property Group since May 2016. From August 2015 to May 2016, she was Executive Vice President and Chief Financial Officer of Starwood Retail Partners, responsible for strategic planning, implementing and management of all accounting and financial functions, as well as investor relations and partner reporting. From July 2011 to May 2015, she served as the Executive Vice President, Chief Financial Officer and Treasurer of Retail Properties of America, Inc., where she helped oversee the company’s initial public offering and subsequent capital raises, and was responsible for all aspects of accounting, finance, capital markets and information technology. She previously served as a Portfolio Manager with RREEF from July 2005 to July 2011 and started her career in the real estate practice in the investment banking group at Deutsche Bank in 2001. She received a B.S. from the Wharton School, University of Pennsylvania. | |
Brian T. Finnegan | | |
36
|
| | Mr. Finnegan has served as Executive Vice President, Leasing since November 2014. From January 2009 through October 2014, Mr. Finnegan served as our Senior Vice President, Leasing & Redevelopment for the West region. From October 2007 until December 2008, he was Vice President, Redevelopment, and from June 2006 through October 2007 served as Regional Vice President, Leasing. He joined Kramont Realty Trust, a predecessor of Brixmor, in 2004 as a Senior Leasing Associate. Mr. Finnegan received a B.A. from Duquesne University. | |
Mark T. Horgan | | |
41
|
| | Mr. Horgan has served as Executive Vice President, Chief Investment Officer of Brixmor Property Group since May 2016. From 2007 to May 2016, he was a Managing Director and senior member of the retail team at Eastdil Secured, where he advised retail real estate companies in investment underwriting, investor sourcing and capital markets transactions. Prior to joining Eastdil Secured, Mr. Horgan held positions at Federal Realty Investment Trust and Mills Corporation. He received a B.S. in Business Administration from The State University of New York at Buffalo. | |
Steven F. Siegel | | |
56
|
| | Mr. Siegel has served as Executive Vice President, General Counsel since April 2007 and also Secretary since May 2007. From March 2002 to April 2007, Mr. Siegel was Executive Vice President of New Plan Excel Realty Trust, Inc. and was its General Counsel since 1991. Mr. Siegel joined New Plan Excel Realty Trust, Inc. in 1991 and was a Senior Vice President from September 1998 to March 2002. Mr. Siegel received a B.S. and a J.D. from St. John’s University. | |
Carolyn Carter Singh | | |
54
|
| | Ms. Singh has served as Executive Vice President, Chief Talent Officer since January 2017. Ms. Singh served as Executive Vice President, Human Resources & Administration from July 2010 until January 2017. From April 2007 through July 2010, Ms. Singh served as our Senior Vice President, Human Resources & Administration. Until April 2007, she was Senior Vice President, Human Resources & Administration of New Plan Excel Realty Trust, Inc., having joined New Plan Excel Realty Trust, Inc. as Director of Human Resources in 2001. Ms. Singh received a B.A. from Rowan University. | |
| | |
2016
|
| |
2015
|
| ||||||
Audit Fees(1) | | | | $ | 1,696,318 | | | | | $ | 2,163,222 | | |
Audit-related fees(2) | | | | | 80,167 | | | | | | 80,167 | | |
Tax fees(3) | | | | | 546,760 | | | | | | 77,745 | | |
All other fees(4) | | | | | 2,000 | | | | | | — | | |
Total:
|
| | | $ | 2,325,245 | | | | | $ | 2,328,801 | | |
Component
|
| |
Form
|
| |
Objective & Explanation
|
|
Salary
|
| | Cash | | |
-
Base level compensation, rewards day-to-day performance and standard job duties
-
Reflects level of responsibilities and experience/tenure
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|
Annual Bonus (“Bonus”)
|
| | Cash | | |
-
Earned for achievement of annual performance objectives
-
2016 performance objectives were Company financial metrics (75%) and Individual Goals (25%)
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NEOs have bonus ranges with Threshold, Target and Maximum levels represented as percentages of base salary. Performance below Threshold would result in no bonus paid for the respective hurdle
-
Aids in retention
|
|
Long Term Incentive (“LTI”)
|
| | RSUs | | |
-
Motivates executives to focus on longer term value creation and sustained financial performance
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Provides alignment of interests with stockholders
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Performance geared toward total shareholder return over a 3-year period
-
Aids in retention
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|
|
Public REIT Peer Group
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| ||||
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AvalonBay Communities, Inc.
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| | |
Host Hotels & Resorts, Inc.
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|
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CBL & Associates Properties, Inc.
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| | |
Kimco Realty Corporation
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|
DDR Corp.
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| | |
Macerich Company
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Digital Realty Trust, Inc.
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| | |
Regency Centers Corporation
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Equity One, Inc.
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| | |
Taubman Centers, Inc.
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Federal Realty Investment Trust
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| | |
Weingarten Realty Investors
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|
Name(1)
|
| |
Base Salary as of
December 31, 2016 |
| |||
James M. Taylor Jr. | | | | $ | 800,000(2) | | |
Angela Aman | | | | $ | 500,000(2) | | |
Mark Horgan | | | | $ | 475,000(2) | | |
Steven F. Siegel | | | | $ | 450,000 | | |
Brian T. Finnegan | | | | $ | 300,000 | | |
Name
|
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |||||||||
James M. Taylor(1) | | | | | 100% | | | | | | 125% | | | | | | 200% | | |
Angela Aman(1) | | | | | 56% | | | | | | 75% | | | | | | 100% | | |
Mark Horgan(1) | | | | | 56% | | | | | | 75% | | | | | | 100% | | |
Steven F. Siegel | | | | | 49% | | | | | | 65% | | | | | | 85% | | |
Brian T. Finnegan | | | | | 45% | | | | | | 60% | | | | | | 85% | | |
Name
|
| |
Net Operating
Income |
| |
Adjusted
EBITDA |
| |
Individual
Component |
| |||||||||
James M. Taylor | | | | | 37.5% | | | | | | 37.5% | | | | | | 25% | | |
Angela Aman | | | | | 37.5% | | | | | | 37.5% | | | | | | 25% | | |
Mark Horgan | | | | | 37.5% | | | | | | 37.5% | | | | | | 25% | | |
Steve F. Siegel | | | | | 37.5% | | | | | | 37.5% | | | | | | 25% | | |
Brian T. Finnegan | | | | | 37.5% | | | | | | 37.5% | | | | | | 25% | | |
Metric
|
| |
2016
Threshold |
| |
2016 Target
|
| |
2016
Maximum |
| |
2016 Results
|
| ||||||||||||
Net Operating Income | | | | $ | 2.93 | | | | | $ | 2.95 | | | | | $ | 2.98 | | | | | $ | 2.97 | | |
Adjusted EBITDA | | | | $ | 2.81 | | | | | $ | 2.84 | | | | | $ | 2.87 | | | | | $ | 2.87 | | |
Name
|
| |
2016 Base
Salary |
| |
Target Bonus
as a Percentage of Base Salary |
| |
Target Bonus
Potential |
| |
Combined
Achievement Factor as a Percentage of Target |
| |
2016 Annual
Bonus |
| |||||||||||||||
James M. Taylor Jr. | | | | $ | 480,000(1) | | | | | | 125% | | | | | $ | 600,000(2) | | | | | | 157% | | | | | $ | 940,531 | | |
Angela Aman | | | | $ | 300,000(1) | | | | | | 75% | | | | | $ | 225,000(2) | | | | | | 133% | | | | | $ | 298,684 | | |
Mark Horgan | | | | $ | 285,000(1) | | | | | | 75% | | | | | $ | 213,750(2) | | | | | | 129% | | | | | $ | 274,965 | | |
Steven F. Siegel | | | | $ | 450,000 | | | | | | 65% | | | | | $ | 292,500 | | | | | | 127% | | | | | $ | 371,363 | | |
Brian T. Finnegan | | | | $ | 300,000 | | | | | | 60% | | | | | $ | 180,000 | | | | | | 137% | | | | | $ | 245,719 | | |
|
Level of Achievement
|
| |
Relative TSR Achieved
|
| |
Percentage of Award Earned
|
|
|
Below Threshold
|
| |
More than 250 bps below index return
|
| |
0%
|
|
|
Threshold
|
| |
250 bps below index return
|
| |
50%
|
|
|
Target
|
| |
100 bps above index return
|
| |
100%
|
|
|
Maximum
|
| |
500 bps over index return
|
| |
150%
|
|
|
Level of Achievement
|
| |
Absolute TSR
|
| |
Percentage of Award Earned
|
|
|
Below Threshold
|
| |
<6.0%
|
| |
0%
|
|
|
Threshold
|
| |
6.0%
|
| |
50%
|
|
|
Target
|
| |
9.0%
|
| |
100%
|
|
|
Maximum
|
| |
12.0%
|
| |
150%
|
|
|
Level of Achievement
|
| |
Adjusted EBITDA per share
Achieved |
| |
Percentage of Award Earned
|
|
|
Below Threshold
|
| |
Less than $2.81
|
| |
0%
|
|
|
Threshold
|
| |
$2.81
|
| |
50%
|
|
|
Target
|
| |
$2.84
|
| |
100%
|
|
|
Maximum
|
| |
$2.87
|
| |
150%
|
|
|
Level of Achievement
|
| |
Relative TSR Achieved
|
| |
Percentage of Award Earned
|
|
|
Below Threshold
|
| |
More than 250 bps below index return
|
| |
0%
|
|
|
Threshold
|
| |
250 bps below index return
|
| |
50%
|
|
|
Target
|
| |
100 bps above index return
|
| |
100%
|
|
|
Maximum
|
| |
500 bps over index return
|
| |
150%
|
|
|
Level of Achievement
|
| |
Absolute TSR
|
| |
Percentage of Award Earned
|
|
|
Below Threshold
|
| |
Less than 6.0%
|
| |
0%
|
|
|
Threshold
|
| |
6.0%
|
| |
50%
|
|
|
Target
|
| |
9.0%
|
| |
100%
|
|
|
Maximum
|
| |
12.0%
|
| |
150%
|
|
Name and Principal Position |
| |
Year
|
| |
Salary
($) |
| |
Bonus
($) |
| |
Stock
Awards ($)(1) |
| |
Option
Awards ($) |
| |
Non-Equity
Incentive Plan Compensation ($)(2) |
| |
Change in
Pension Value and Nonqualified Deferred Compensation Earnings ($)(3) |
| |
All Other
Compensation ($)(4) |
| |
Total
($) |
| | | | | | |||||||||||||||||||||||||||||||||||||
Current Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||
James M. Taylor
Chief Executive Officer, President and Director |
| | | | 2016 | | | | | | 480,000 | | | | | | 154,965 | | | | | | 5,965,613 | | | | | | — | | | | | | 940,531 | | | | | | — | | | | | | 116,283 | | | | | | 7,657,392 | | | | | | | | ||||||||||
Angela Aman
Executive Vice President, Chief Financial Officer and Treasurer |
| | | | 2016 | | | | | | 300,000 | | | | | | — | | | | | | 1,930,032 | | | | | | — | | | | | | 298,684 | | | | | | — | | | | | | 108,596 | | | | | | 2,637,312 | | | | | | | | ||||||||||
Mark T. Horgan
Executive Vice President, Chief Investment Officer |
| | | | 2016 | | | | | | 285,000 | | | | | | — | | | | | | 1,645,619 | | | | | | — | | | | | | 274,965 | | | | | | — | | | | | | 197,306 | | | | | | 2,402,890 | | | | | | | | ||||||||||
Steven F. Siegel
Executive Vice President, General Counsel and Secretary |
| | | | 2016 | | | | | | 450,000 | | | | | | 20,000 | | | | | | 925,494 | | | | | | — | | | | | | 371,363 | | | | | | — | | | | | | 25,351 | | | | | | 1,792,208 | | | | | | | | ||||||||||
| | | 2015 | | | | | | 450,000 | | | | | | — | | | | | | 891,381 | | | | | | — | | | | | | 337,500 | | | | | | — | | | | | | 24,853 | | | | | | 1,737,847 | | | | | | | | ||||||||||||
| | | 2014 | | | | | | 450,000 | | | | | | 400,000 | | | | | | 932,940 | | | | | | — | | | | | | 330,008 | | | | | | — | | | | | | 26,992 | | | | | | 2,139,940 | | | | | | | | ||||||||||||
Brian T. Finnegan
Executive Vice President, Leasing |
| | | | 2016 | | | | | | 300,000 | | | | | | — | | | | | | 350,184 | | | | | | — | | | | | | 245,719 | | | | | | — | | | | | | 31,775 | | | | | | 927,678 | | | | | | | | ||||||||||
Former Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Michael A. Carroll
Former Chief Executive Officer and Director |
| | | | 2016 | | | | | | 92,308 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 116,570 | | | | | | 208,878 | | | | | | | | ||||||||||
| | | 2015 | | | | | | 800,000 | | | | | | — | | | | | | 3,441,389 | | | | | | — | | | | | | 1,350,000 | | | | | | — | | | | | | 38,882 | | | | | | 5,630,271 | | | | | | | | ||||||||||||
| | | 2014 | | | | | | 800,000 | | | | | | 1,000,000 | | | | | | 3,524,440 | | | | | | — | | | | | | 955,600 | | | | | | — | | | | | | 35,029 | | | | | | 6,315,069 | | | | | | | | ||||||||||||
Michael V. Pappagallo
Former President and Chief Financial Officer |
| | | | 2016 | | | | | | 86,538 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 75,514 | | | | | | 162,052 | | | | | | | | ||||||||||
| | | 2015 | | | | | | 750,000 | | | | | | — | | | | | | 2,024,358 | | | | | | — | | | | | | 890,625 | | | | | | — | | | | | | 27,132 | | | | | | 3,692,115 | | | | | | | | ||||||||||||
| | | 2014 | | | | | | 800,000 | | | | | | — | | | | | | 2,073,200 | | | | | | — | | | | | | 895,875 | | | | | | — | | | | | | 28,145 | | | | | | 3,747,220 | | | | | | | | ||||||||||||
Michael Hyun
Former Chief Investment Officer |
| | | | 2016 | | | | | | 159,385 | | | | | | — | | | | | | 950,505 | | | | | | — | | | | | | 116,500 | | | | | | — | | | | | | 1,318,417 | | | | | | 2,544,807 | | | | | | | | ||||||||||
| | | 2015 | | | | | | 13,703 | | | | | | 300,000 | | | | | | 3,200,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,513,703 | | | | | | | | ||||||||||||
Former Interim Officers
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Daniel B. Hurwitz
Director and Former Interim Chief Executive Officer(5) |
| | | | 2016 | | | | | | 1,200,000 | | | | | | — | | | | | | 600,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 9,482 | | | | | | 1,809,482 | | | | | | | | ||||||||||
Barry Lefkowitz
Former Interim Chief Financial Officer |
| | | | 2016 | | | | | | 761,538 | | | | | | — | | | | | | 150,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,170 | | | | | | 919,708 | | | | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Name
|
| |
Insurance
Costs(a) ($) |
| |
Company
Contribution to Defined Contribution Plans(b) ($) |
| |
Use of
Company Auto or Auto Allowance ($) |
| |
Accrued
Vacation and Personal Time(c) ($) |
| |
Severance(d)
($) |
| |
Relocation
and Housing Expenses(e) ($) |
| |
Total
($) |
| |||||||||||||||||||||
Current Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
James M. Taylor | | | | | 8,532 | | | | | | 7,950 | | | | | | — | | | | | | — | | | | | | — | | | | | | 99,801 | | | | | | 116,283 | | |
Angela Aman | | | | | 8,532 | | | | | | 7,950 | | | | | | — | | | | | | — | | | | | | — | | | | | | 92,114 | | | | | | 108,596 | | |
Mark Horgan | | | | | 9,965 | | | | | | 7,673 | | | | | | — | | | | | | — | | | | | | — | | | | | | 179,668 | | | | | | 197,306 | | |
Steven F. Siegel | | | | | 17,401 | | | | | | 7,950 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 25,351 | | |
Brian T. Finnegan | | | | | 13,025 | | | | | | 7,950 | | | | | | 10,800 | | | | | | — | | | | | | — | | | | | | — | | | | | | 31,775 | | |
Former Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Michael A. Carroll | | | | | 3,219 | | | | | | 7,950 | | | | | | 2,447 | | | | | | 102,954 | | | | | | — | | | | | | — | | | | | | 116,570 | | |
Michael V. Pappagallo | | | | | 3,219 | | | | | | 7,950 | | | | | | — | | | | | | 64,345 | | | | | | — | | | | | | — | | | | | | 75,514 | | |
Michael Hyun | | | | | 2,337 | | | | | | 7,950 | | | | | | — | | | | | | 13,130 | | | | | | 1,295,000 | | | | | | — | | | | | | 1,318,417 | | |
Former Interim Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Daniel B. Hurwitz | | | | | 1,532 | | | | | | 7,950 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9,482 | | |
Barry Lefkowitz | | | | | 220 | | | | | | 7,950 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,170 | | |
Name
|
| |
Grant
Date |
| |
Estimated Future Payout
Under Non-Equity Incentive Plan Awards(1) |
| |
Estimated Future Payout
Under Equity Incentive Plan Awards |
| |
All Other
Stock Awards: Number of Shares of Stock or Units (#) |
| |
Grant Date
Fair Value of Stock and Option Awards(4) |
| |||||||||||||||||||||||||||||||||||||||
|
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |
Threshold
(#) |
| |
Target
(#) |
| |
Maximum
(#) |
| ||||||||||||||||||||||||||||||||||||||
Current Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
James M. Taylor Jr.
|
| | | | — | | | | | | — | | | | | | 600,000 | | | | | | 960,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 5/20/16(2) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 203,590 | | | | | | 5,028,673 | | | ||
| | | 5/20/16(3) | | | | | | — | | | | | | — | | | | | | — | | | | | | 30,329 | | | | | | 50,077 | | | | | | 69,822 | | | | | | — | | | | | | 936,940 | | | ||
Angela Aman
|
| | | | — | | | | | | — | | | | | | 225,000 | | | | | | 300,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 5/20/16(2) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 58,892 | | | | | | 1,454,632 | | | ||
| | | 5/20/16(3) | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,807 | | | | | | 24,342 | | | | | | 33,875 | | | | | | — | | | | | | 475,400 | | | ||
Mark Horgan
|
| | | | — | | | | | | — | | | | | | 213,750 | | | | | | 285,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 5/20/16(2) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 47,911 | | | | | | 1,183,402 | | | ||
| | | 5/20/16(3) | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,396 | | | | | | 23,667 | | | | | | 32,935 | | | | | | — | | | | | | 462,217 | | | ||
Steven F. Siegel
|
| | | | — | | | | | | 220,500 | | | | | | 292,500 | | | | | | 382,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 3/2/16(3) | | | | | | — | | | | | | — | | | | | | — | | | | | | 30,252 | | | | | | 49,731 | | | | | | 69,208 | | | | | | — | | | | | | 925,494 | | | ||
Brian T. Finnegan
|
| | | | — | | | | | | 135,000 | | | | | | 180,000 | | | | | | 255,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 3/2/16(3) | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,446 | | | | | | 18,817 | | | | | | 26,186 | | | | | | — | | | | | | 350,184 | | | ||
Former Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Michael A. Carroll | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Michael V. Pappagallo | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Michael Hyun
|
| | | | — | | | | | | 207,200 | | | | | | 277,500 | | | | | | 462,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 3/2/16(3) | | | | | | — | | | | | | — | | | | | | — | | | | | | 31,070 | | | | | | 51,075 | | | | | | 71,079 | | | | | | | | | | | | 950,505 | | | ||
Former Interim Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Daniel B. Hurwitz(5) | | | | | 2/15/16 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 26,478 | | | | | | 600,000 | | |
Barry Lefkowitz | | | | | 2/15/16 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,619 | | | | | | 150,000 | | |
| | |
Stock Awards
|
| |||||||||||||||||||||
Name
|
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market Value of
Shares or Units of Stock That Have Not Vested ($)(6) |
| |
Equity Incentive
Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity Incentive
Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(6) |
| ||||||||||||
Current Officers | | | | | | | | | | | | | | | | | | | | | | | | | |
James M. Taylor | | | | | 203,590(1) | | | | | | 4,971,668 | | | | | | 38,858(7) | | | | | | 948,912 | | |
Angela Aman | | | | | 58,892(2) | | | | | | 1,438,143 | | | | | | 20,893(7) | | | | | | 510,207 | | |
Mark Horgan | | | | | 47,911(2) | | | | | | 1,169,987 | | | | | | 20,313(7) | | | | | | 496,043 | | |
Steven F. Siegel
|
| | | | 6,293(3) | | | | | | 153,675 | | | | | | 22,500(8) | | | | | | 549,450 | | |
| | | 4,176(4) | | | | | | 101,978 | | | | | | 11,304(9) | | | | | | 276,044 | | | ||
| | | 4,178(5) | | | | | | 102,026 | | | | | | 42,685(7) | | | | | | 1,042,368 | | | ||
Brian T. Finnegan
|
| | | | 838(3) | | | | | | 20,464 | | | | | | 3,000(8) | | | | | | 73,260 | | |
| | | 1,129(4) | | | | | | 27,570 | | | | | | 6,086(9) | | | | | | 148,620 | | | ||
| | | 1,127(5) | | | | | | 27,521 | | | | | | 16,151(7) | | | | | | 394,407 | | | ||
Former Officers | | | | | | | | | | | | | | | | | | | | | | | | | |
Michael A. Carroll(10) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Michael V. Pappagallo(10) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Michael Hyun(10) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Former Interim Officers | | | | | | | | | | | | | | | | | | | | | | | | | |
Daniel B. Hurwitz | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Barry Lefkowitz | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
| | |
Performance Period:
|
| |
One-Year
Performance Period |
| |
Three-Year
Performance Period |
| ||||||
| | |
Based on Plan
Achievement Level: |
| |
Maximum
|
| |
Threshold
|
| ||||||
Current Officers | | |
|
| | | | | | | | | | | | |
James M. Taylor | | | | | | | | 15,636 | | | | | | 23,222 | | |
Angela Aman | | |
|
| | | | 11,157 | | | | | | 9,736 | | |
Mark Horgan | | | | | | | | 10,847 | | | | | | 9,466 | | |
Steven F. Siegel | | |
|
| | | | 22,793 | | | | | | 19,892 | | |
Brian T. Finnegan | | | | | | | | 8,625 | | | | | | 7,526 | | |
Former Officers | | |
|
| | | | | | | | | | | | |
Michael A. Carroll | | | | | | | | — | | | | | | — | | |
Michael V. Pappagallo | | |
|
| | | | — | | | | | | — | | |
Michael Hyun | | | | | | | | — | | | | | | — | | |
Former Interim Officers | | |
|
| | | | | | | | | | | | |
Daniel B. Hurwitz | | | | | | | | — | | | | | | — | | |
Barry Lefkowitz | | |
|
| | | | — | | | | | | — | | |
| | |
Performance Period:
|
| |
Three-Year
Performance Period |
| |||
| | |
Based on Plan
Achievement Level: |
| |
Target
|
| |||
Current Officers | | |
|
| | | | | | |
James M. Taylor | | | | | | | | — | | |
Angela Aman | | |
|
| | | | — | | |
Mark Horgan | | | | | | | | — | | |
Steven F. Siegel | | |
|
| | | | 22,500 | | |
Brian T. Finnegan | | | | | | | | 3,000 | | |
Former Officers | | |
|
| | | | | | |
Michael A. Carroll | | | | | | | | — | | |
Michael V. Pappagallo | | |
|
| | | | — | | |
Michael Hyun | | | | | | | | — | | |
Former Interim Officers | | |
|
| | | | | | |
Daniel B. Hurwitz | | | | | | | | — | | |
Barry Lefkowitz | | |
|
| | | | — | | |
| | |
Performance Period:
|
| |
Three-Year
Performance Period |
| |||
| | |
Based on Plan
Achievement Level: |
| |
Target
|
| |||
Current Officers | | |
|
| | | | | | |
James M. Taylor | | | | | | | | — | | |
Angela Aman | | |
|
| | | | — | | |
Mark Horgan | | | | | | | | — | | |
Steven F. Siegel | | |
|
| | | | 26,086 | | |
Brian T. Finnegan | | | | | | | | 10,144 | | |
Former Officers | | |
|
| | | | | | |
Michael A. Carroll | | | | | | | | — | | |
Michael V. Pappagallo | | |
|
| | | | — | | |
Michael Hyun | | | | | | | | — | | |
Former Interim Officers | | |
|
| | | | | | |
Daniel B. Hurwitz | | | | | | | | — | | |
Barry Lefkowitz | | |
|
| | | | — | | |
| | |
Stock Awards
|
| |||||||||
Name
|
| |
Number of Shares Acquired
on Vesting (#) |
| |
Value Received on
Vesting ($)(1)(2) |
| ||||||
Current Officers | | | | | | | | | | | | | |
James M. Taylor | | | | | — | | | | | | — | | |
Angela Aman | | | | | — | | | | | | — | | |
Mark Horgan | | | | | — | | | | | | — | | |
Steven F. Siegel | | | |
|
(1)
|
| | | | | 466,616 | | |
Brian T. Finnegan | | | |
|
(1)
|
| | | | | 114,680 | | |
Former Officers | | | | | | | | | | | | | |
Michael A. Carroll | | | |
|
(1)
|
| | | | | 3,135,975 | | |
Michael V. Pappagallo | | | |
|
(1)
|
| | | | | 1,575,741 | | |
Michael Hyun | | | |
|
(1)
|
| | | | | 3,557,415 | | |
Former Interim Officers | | | | | | | | | | | | | |
Daniel B. Hurwitz | | | |
|
(1)
|
| | | | | 656,919 | | |
Barry Lefkowitz | | | |
|
(1)
|
| | | | | 164,217 | | |
| | |
Award
|
| |
Number of Vested
Shares of Brixmor Property Group Inc. Common Stock (#) |
| |
Number of
Vested LTIP Units (#) |
| |
Vesting
Date |
| |
Value Received
on Vesting ($) |
| ||||||||||||
Current Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mr. Taylor | | | — | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Ms. Aman | | | — | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Mr. Horgan | | | — | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Mr. Siegel
|
| |
RSU 1
|
| | | | 4,568 | | | | | | — | | | | | | 1/1/2016 | | | | | | 117,946 | | |
| RSU 2 | | | | | 6,294 | | | | | | — | | | | | | 3/1/2016 | | | | | | 149,797 | | | ||
| RSU 3 | | | | | 8,356 | | | | | | — | | | | | | 3/1/2016 | | | | | | 198,873 | | | ||
Mr. Finnegan
|
| |
RSU 1
|
| | | | 607 | | | | | | — | | | | | | 1/1/2016 | | | | | | 15,673 | | |
| RSU 2 | | | | | 838 | | | | | | — | | | | | | 3/1/2016 | | | | | | 19,944 | | | ||
| RSU 3 | | | | | 1,114 | | | | | | 2,208 | | | | | | 3/1/2016 | | | | | | 79,063 | | | ||
Former Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mr. Carroll
|
| |
RSU 1
|
| | | | — | | | | | | 18,266 | | | | | | 1/1/2016 | | | | | | 471,628 | | |
| RSU 2 | | | | | — | | | | | | 45,337 | | | | | | 2/5/2016 | | | | | | 1,197,804 | | | ||
| RSU 3 | | | | | — | | | | | | 38,205 | | | | | | 2/5/2016 | | | | | | 1,009,376 | | | ||
| C.P.O. RSUs | | | | | | | | | | | 18,721 | | | | | | 12/31/2016 | | | | | | 457,167 | | | ||
Mr. Pappagallo
|
| |
RSU 1
|
| | | | — | | | | | | 10,744 | | | | | | 1/1/2016 | | | | | | 277,410 | | |
| RSU 2 | | | | | — | | | | | | 26,669 | | | | | | 2/5/2016 | | | | | | 704,595 | | | ||
| RSU 3 | | | | | | | | | | | 22,473 | | | | | | 2/5/2016 | | | | | | 593,736 | | | ||
Mr. Hyun | | | Separation RSUs | | | | | 139,616 | | | | | | — | | | | | | 6/1/2016 | | | | | | 3,557,415 | | |
Former Interim Officers | | | | | | | | | | | | | | | | | | | | | | | | | | |||
Mr. Hurwitz | | |
Interim Service RSUs
|
| | | | 26,478 | | | | | | — | | | | | | 5/20/2016 | | | | | | 656,919 | | |
Mr. Lefkowitz | | |
Interim Service RSUs
|
| | | | 6,619 | | | | | | — | | | | | | 5/20/2016 | | | | | | 164,217 | | |
Name
|
| |
Cash
Severance(1) ($) |
| |
Continuation
of Health Benefits(2) ($) |
| |
Gross-Up
Payments(3) ($) |
| |
Value of
Accelerated Equity(4) ($) |
| |
Total
($) |
| |||||||||||||||
Current Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
James M. Taylor Jr. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Qualifying Termination, no CIC | | | | | 4,600,000 | | | | | | 33,775 | | | | | | — | | | | | | 5,525,287 | | | | | | 10,159,062 | | |
Qualifying Termination, CIC | | | | | 4,600,000 | | | | | | 33,775 | | | | | | — | | | | | | 5,653,748 | | | | | | 10,287,523 | | |
CIC without Termination | | | | | — | | | | | | — | | | | | | — | | | | | | 5,653,748 | | | | | | 5,653,748 | | |
Death or Disability Termination | | | | | 600,000 | | | | | | — | | | | | | — | | | | | | 5,525,287 | | | | | | 6,125,287 | | |
Angela Aman | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Qualifying Termination, no CIC | | | | | 1,975,500 | | | | | | 33,775 | | | | | | — | | | | | | 1,771,898 | | | | | | 3,781,173 | | |
Qualifying Termination, CIC | | | | | 1,975,500 | | | | | | 33,775 | | | | | | — | | | | | | 1,825,778 | | | | | | 3,835,053 | | |
CIC without Termination | | | | | — | | | | | | — | | | | | | — | | | | | | 1,825,778 | | | | | | 1,825,778 | | |
Death or Disability Termination | | | | | 225,500 | | | | | | — | | | | | | — | | | | | | 1,771,898 | | | | | | 1,997,398 | | |
Mark Horgan | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Qualifying Termination, no CIC | | | | | 1,876,250 | | | | | | 33,775 | | | | | | — | | | | | | 1,489,892 | | | | | | 3,399,917 | | |
Qualifying Termination, CIC | | | | | 1,876,250 | | | | | | 33,775 | | | | | | — | | | | | | 1,542,277 | | | | | | 3,452,302 | | |
CIC without Termination | | | | | — | | | | | | — | | | | | | — | | | | | | 1,542,277 | | | | | | 1,542,277 | | |
Death or Disability Termination | | | | | 213,750 | | | | | | — | | | | | | — | | | | | | 1,489,892 | | | | | | 1,703,642 | | |
Steven F. Siegel | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Qualifying Termination, no CIC | | | | | 1,860,008 | | | | | | 25,301 | | | | | | — | | | | | | 1,951,736 | | | | | | 3,837,045 | | |
Qualifying Termination, CIC | | | | | 1,860,008 | | | | | | 25,301 | | | | | | — | | | | | | 2,201,650 | | | | | | 4,086,959 | | |
CIC without Termination | | | | | — | | | | | | — | | | | | | — | | | | | | 2,201,650 | | | | | | 2,201,650 | | |
Death or Disability Termination | | | | | 292,500 | | | | | | — | | | | | | — | | | | | | 1,951,736 | | | | | | 2,244,236 | | |
Brian T. Finnegan | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Qualifying Termination, no CIC | | | | | 1,099,793 | | | | | | 14,501 | | | | | | — | | | | | | 503,972 | | | | | | 1,618,266 | | |
Qualifying Termination, CIC | | | | | 1,099,793 | | | | | | 14,501 | | | | | | — | | | | | | 635,212 | | | | | | 1,749,506 | | |
CIC without Termination | | | | | — | | | | | | — | | | | | | — | | | | | | 635,212 | | | | | | 635,212 | | |
Death or Disability Termination | | | | | 195,000 | | | | | | — | | | | | | — | | | | | | 503,972 | | | | | | 698,972 | | |
Former Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Michael A. Carroll(5)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Michael V. Pappagallo(6)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Michael Hyun(7)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Former Interim Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Daniel B. Hurwitz(8)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Barry Lefkowitz(8)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Name
|
| |
Fees
Earned or Paid in Cash ($) |
| |
Equity
Awards(a) ($) |
| |
Option
Awards(a) ($) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
Change in
Pension Value and Nonqualified Deferred Compensation Earnings ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||||||||
John G. Schreiber | | | | | 61,849 | | | | | | 120,550(b) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 182,399 | | |
Michael Berman | | | | | 133,942 | | | | | | 119,700(c) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 253,642 | | |
Sheryl M. Crosland | | | | | 4,402 | | | | | | 122,600(d) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 127,002 | | |
Anthony W. Deering | | | | | 115,000 | | | | | | 119,700(c) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 234,700 | | |
Thomas W. Dickson | | | | | 72,500 | | | | | | 127,550(e) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 200,050 | | |
Jonathan D. Gray | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Daniel B. Hurwitz | | | | | 37,364 | | | | | | 131,450(f) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 168,814 | | |
William D. Rahm | | | | | 85,000 | | | | | | 127,550(e) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 212,550 | | |
William J. Stein | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Gabrielle Sulzberger | | | | | 121,166 | | | | | | 129,400(g) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 250,566 | | |
Name of beneficial owner
|
| |
Number of
Shares of Common Stock Beneficially Owned |
| |
Percentage
of All Shares of Common Stock(1) |
| |
Number of
OP Units Beneficially Owned(2) |
| |
Percentage of
All Outstanding Brixmor Interests(1)(2) |
| ||||||||||||
Principal Stockholders | | | | | | | | | | | | | | | | | | | | | | | | | |
The Vanguard Group(3) | | | | | 46,673,832 | | | | | | 15.33% | | | | | | — | | | | | | 15.31% | | |
Cohen & Steers, Inc.(4) | | | | | 40,647,635 | | | | | | 13.35% | | | | | | — | | | | | | 13.33% | | |
Vanguard Specialized Funds – Vanguard REIT
Index Fund(5) |
| | | | 23,097,434 | | | | | | 7.59% | | | | | | — | | | | | | 7.58% | | |
JPMorgan Chase & Co.(6) | | | | | 20,125,273 | | | | | | 6.61% | | | | | | — | | | | | | 6.60% | | |
FMR LLC(7) | | | | | 19,696,847 | | | | | | 6.47% | | | | | | — | | | | | | 6.46% | | |
Blackrock, Inc.(8) | | | | | 19,633,953 | | | | | | 6.45% | | | | | | — | | | | | | 6.44% | | |
Daiwa Asset Management Co. Ltd.(9) | | | | | 15,858,567 | | | | | | 5.21% | | | | | | — | | | | | | 5.20% | | |
APG Asset Management US Inc.(10) | | | | | 15,542,319 | | | | | | 5.10% | | | | | | — | | | | | | 5.10% | | |
Directors and Named Executive Officers(11): | | | | | | ||||||||||||||||||||
James M. Taylor Jr. | | | | | 49,167 | | | | | | * | | | | | | — | | | | | | * | | |
John G. Schreiber(12) | | | | | 20,000 | | | | | | * | | | | | | — | | | | | | * | | |
Michael Berman | | | | | 30,475 | | | | | | * | | | | | | — | | | | | | * | | |
Sheryl M. Crosland | | | | | 5,000 | | | | | | * | | | | | | — | | | | | | * | | |
Anthony W. Deering(13) | | | | | 67,925 | | | | | | * | | | | | | — | | | | | | * | | |
Thomas W. Dickson | | | | | 10,000 | | | | | | * | | | | | | — | | | | | | * | | |
Daniel B. Hurwitz | | | | | 31,478 | | | | | | * | | | | | | — | | | | | | * | | |
William D. Rahm | | | | | 15,000 | | | | | | * | | | | | | — | | | | | | * | | |
Gabrielle Sulzberger | | | | | 10,000 | | | | | | * | | | | | | — | | | | | | * | | |
Angela Aman | | | | | 3,429 | | | | | | * | | | | | | — | | | | | | * | | |
Steven F. Siegel(14) | | | | | 301,717 | | | | | | * | | | | | | 14,630 | | | | | | * | | |
Mark Horgan | | | | | 3,092 | | | | | | * | | | | | | — | | | | | | * | | |
Brian T. Finnegan | | | | | 70,898 | | | | | | * | | | | | | 8,966 | | | | | | * | | |
Michael A. Carroll(15) | | | | | 995,757 | | | | | | * | | | | | | 186,349 | | | | | | * | | |
Michael V. Pappagallo(15) | | | | | 364,866 | | | | | | * | | | | | | 93,253 | | | | | | * | | |
Michael Hyun(15) | | | | | 65,775 | | | | | | * | | | | | | — | | | | | | * | | |
Barry Lefkowitz(15) | | | | | 6,619 | | | | | | * | | | | | | — | | | | | | * | | |
Directors and Current Executive Officers as a
Group (14 persons)(16) |
| | | | 811,749 | | | | | | * | | | | | | 51,893 | | | | | | * | | |
Plan category
|
| |
Number of securities
to be issued upon exercise of outstanding options, warrants and rights (a) |
| |
Weighted–average
exercise price of outstanding options, warrants and rights (b) |
| |
Number of securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| |||||||||
Equity compensation plan approved by security holders
|
| | | | 1,286,280 | | | | | $ | — | | | | | | 13,190,267 | | |
Equity compensation
plan not approved by security holders |
| | | | — | | | | | | — | | | | | | — | | |
Total | | | | | 1,286,280 | | | | | | — | | | | | | 13,190,267 | | |