COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION
The Compensation Committee consists of Mr. Antoian, Mr. Lawson and Mr. Strouse. No member of the Compensation Committee is
or was during Fiscal 2018 an employee, or is or ever has been an officer, of the Company or its subsidiaries. No executive officer of the Company served as a director or a member of the compensation committee of another company, one of whose
executive officers serves as a member of the Companys Board of Directors or Compensation Committee.
CERTAIN BUSINESS
RELATIONSHIPS
Richard A. Hayne, Chief Executive Officer and Chairman, and Margaret A. Hayne, Chief Executive Officer of
the Free People Brand and Chief Creative Officer of Urban Outfitters, Inc., are married. Mr. Haynes son, David A. Hayne, is employed by the Company, and his total compensation in Fiscal 2018 was $1,150,178, including salary, bonus, equity
awards and 401(k) Company contributions.
Harry S. Cherken, Jr., a director of the Company, is a partner of the law firm of
Drinker Biddle & Reath LLP, which provided legal services to the Company in Fiscal 2018 and is expected to continue to do so in the future. Drinker Biddle & Reath LLP has received customary compensation for these services in a net
amount of $2,651,633 during Fiscal 2018.
The McDevitt Company, a real estate company, acted as a broker in substantially all
of the Companys new real estate transactions during Fiscal 2018 in the United States. The Company has not paid any compensation to The McDevitt Company, but the Company has been advised that The McDevitt Company has received commissions from
other parties to such transactions. Wade L. McDevitt is the
brother-in-law
of Scott Belair, one of the Companys directors, and is the president and sole
shareholder of The McDevitt Company. Mr. McDevitts wife, Wendy McDevitt, is an employee of the Company. In addition, Mr. McDevitt owns McDevitt Corporation Limited, a United Kingdom entity, and McDevitt Netherlands BV, a Dutch
entity. In Fiscal 2018, the Company paid real estate commissions of $248,516 to West Street Consultancy Limited, a United Kingdom entity owned by an employee of McDevitt Corporation Limited, and $735,353 to McDevitt Netherlands BV. The Company has
been advised that West Street Consultancy Limited has entered into an arrangement to share a portion of its commissions with McDevitt Corporation Limited.
On September 20, 2016, the Company, through its wholly-owned subsidiary, Anthropologie, Inc., entered into a Ground Lease (the Lease) with Waterloo Devon, L.P. (the Landlord).
Wade L. McDevitt is a minority owner of the Landlord and its general partner. Pursuant to the Lease, the Company rented approximately six acres located in Devon, Pennsylvania to develop a lifestyle center, which will include a large format
Anthropologie store, a Terrain store, several restaurant concepts under our Food and Beverage Division, and a boutique event space. The Lease, which commenced on June 14, 2017, has an initial term of 40 years with two options to
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