(3)
Reflects Service RSUs granted in 2020, 50% of which vested on January 1, 2022 and 50% of which will vest on January 1, 2023.
(4)
Reflects Service RSUs granted in 2021, one third of which vested on January 1, 2022, with the remaining two thirds vesting in two equal installments on January 1, 2023 and January 1, 2024.
(5)
Reflects RSUs that have been earned based on performance for the three-year performance period ended on December 31, 2019, which vested on January 1, 2022.
(6)
Reflects RSUs that have been earned based on performance for the three-year performance period ended on December 31, 2020, 50% of which vested on January 1, 2022 and the remaining 50% of which will vest on January 1, 2023.
(7)
Reflects PRSUs that have been earned at maximum level with respect to the three-year performance period ended December 31, 2021, 50% of which vested on February 1, 2022, 25% will vest on January 1, 2023 and 25% will vest on January 1, 2024. None of the 2019 Outperformance RSU awards, which had a performance period from January 1, 2019 through December 31, 2021, were earned for the period.
(8)
As results to date indicate performance at maximum level, reflects PRSUs at maximum level with respect to the performance period beginning on January 1, 2020 and ending on December 31, 2022. As more fully described above under “Compensation Discussion and Analysis—Long-Term Equity Compensation,” PRSUs will vest, if at all, based on the achievement of the performance criteria with respect to such performance period, and then, for units earned, 50% will vest on the date the Compensation Committee confirms achievement of the performance metrics with respect to the three-year performance period after December 31, 2022, 25% will vest on January 1, 2024, and 25% will vest on January 1, 2025.
(9)
As results to date indicate performance below threshold level, reflects Outperformance RSUs at threshold level eligible to be granted in 2023 with respect to the performance period beginning on January 1, 2020 and ending on December 31, 2022. As more fully described above under “Compensation Discussion and Analysis—Long-Term Equity Compensation”, Outperformance RSUs may be granted based on achievement of FFO per share and SP NOI growth during the performance period. To the extent granted, 50% of Outperformance RSUs will vest on the date the Compensation Committee confirms achievement of the performance metrics with respect to the performance period after December 31, 2022, 25% will vest on January 1, 2024, and 25% will vest on January 1, 2025.
(10)
As results to date indicate performance between target and above target levels, reflects PRSUs at above target level with respect to the performance period beginning on January 1, 2021 and ending on December 31, 2023. As more fully described above under “Compensation Discussion and Analysis—Long-Term Equity Compensation,” PRSUs will vest, if at all, based on the achievement of the performance criteria with respect to such performance period, and then, for units earned, 50% will vest on the date the Compensation Committee confirms achievement of the performance metrics with respect to the three-year performance period after December 31, 2023, 25% will vest on January 1, 2025, and 25% will vest on January 1, 2026.
(11)
As results to date indicate performance at target level, reflects Outperformance RSUs at target level eligible to be granted in 2024 with respect to the performance period beginning on January 1, 2021 and ending on December 31, 2023. As more fully described above under “Compensation Discussion and Analysis—Long-Term Equity Compensation”, Outperformance RSUs may be granted based on achievement of FFO per share and SP NOI growth during the performance period. To the extent granted, 50% of Outperformance RSUs will vest on the date the Compensation Committee confirms achievement of the performance metrics with respect to the performance period after December 31, 2023, 25% will vest on January 1, 2025, and 25% will vest on January 1, 2026.
OPTION EXERCISES AND STOCK VESTED IN FISCAL 2021
The following table provides information regarding the amounts received by our named executive officers upon the vesting of stock or similar instruments during our most recent fiscal year. We do not have any outstanding options.
|
Name
|
|
|
Number of Shares Acquired on Vesting (#)(1)
|
|
|
Value Received on Vesting ($)(1)(2)
|
|
|
James M. Taylor Jr. |
|
|
|
|
208,117 |
|
|
|
|
|
3,522,845 |
|
|
|
Angela Aman |
|
|
|
|
82,593 |
|
|
|
|
|
1,455,508 |
|
|
|
Mark T. Horgan |
|
|
|
|
79,675 |
|
|
|
|
|
1,395,577 |
|
|
|
Brian T. Finnegan |
|
|
|
|
51,164 |
|
|
|
|
|
865,084 |
|
|
|
Steven F. Siegel |
|
|
|
|
58,429 |
|
|
|
|
|
988,590 |
|
|
(1)
Reflects the vesting of (i) Service RSUs granted pursuant to the 2013 Omnibus Incentive Plan in 2018 (“RSU 1”), (ii) Service RSUs granted pursuant to the 2013 Omnibus Incentive Plan in 2019 (“RSU 2”), (iii) Service RSUs granted pursuant to the 2013 Omnibus Incentive Plan in 2020 (“RSU 3”), (iv) PRSUs granted pursuant to the 2013 Omnibus