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| | ☐ | | | | Preliminary Proxy Statement | | |
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| | ☑ | | | | Definitive Proxy Statement | | |
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| Location: Live Webcast Accessible at https:// Date: Time: 9:30 a.m., Eastern time | | | Agenda: • Elect the Director nominees identified in the accompanying Proxy Statement to our Board of Directors; • Advisory vote to approve executive compensation; • Ratify the appointment of Deloitte & Touche LLP as our independent auditors to serve for the • Transact such other business as may properly come before the meeting and at any postponements or adjournments of the meeting. Record Date: You can vote if you were a shareholder of record as of the close of business on January | |
Attending the Annual Meeting: | | ||||
| | | | • Record • Beneficial Please see the accompanying Proxy Statement for additional information. By Order of our Board of Directors, Jennifer B. Clark Managing Director, Executive Vice President, General Counsel and Secretary January | |
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| | IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR OUR 29, 2023.2023 ANNUAL MEETING TO BE HELD ON | | |
| | The Notice of | | |
PROPOSAL | | | MORE INFORMATION | | | BOARD RECOMMENDATION | | | VOTES REQUIRED FOR APPROVAL | | |||
1 | | | Election of Directors | | | Page | | | ✓ FOR | | | Plurality of all votes cast | |
2 | | | Advisory vote to approve executive compensation | | | Page | | | ✓ FOR | | | Majority of all votes cast* | |
3 | | | |||||||||||
Ratification of independent auditors | | | Page | | | ✓ FOR | | | Majority of all votes cast* | |
| via the internet | | | Visit www.proxyvote.com and enter your 16 digit control number provided in your Notice Regarding the Availability of Proxy Materials, proxy card or voting instruction form before 11:59 p.m., Eastern time, on March | |
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| by phone | | | Call 1-800-690-6903 if you are a shareholder of record and 1-800-454-8683 if you are a beneficial owner before 11:59 p.m., Eastern time, on March | |
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| by mail | | | Sign, date and return your proxy card if you are a shareholder of record or voting instruction form if you are a beneficial owner to authorize a proxy BY MAIL. | |
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| THE RMR GROUP INC. | | | | | |
| | Environmental We are focused on environmental sustainability and seek to mitigate the impact of the assets we manage. | | | | Social Our success depends on human capital. We are deeply committed to our employees and other stakeholders and to serving our clients and their tenants, guests residents and patrons and look for opportunities to have a positive social impact on the communities in which we operate. | | | | Governance We are committed to corporate governance that promotes the long term interests of our shareholders and other stakeholders; our Governance Guidelines provide a framework for effective governance while our Code of Business Conduct and Ethics ensures we operate with the utmost integrity and in compliance with applicable laws and regulations. | | |
| 2 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement 3 | |
| 4 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| Oversight of Strategy | | | Oversight of Risk | | | Succession Planning | |
| | ✓ Our Board oversees and monitors strategic planning. ✓ Business strategy is a key focus of our Board and embedded in the work of Board committees. ✓ Company management is charged with executing business strategy and provides regular performance updates to our Board. | | | | ✓ Our Board oversees risk management. ✓ Board committees, which meet regularly and report back to our full Board, play significant roles in carrying out the risk oversight function. ✓ Company management is charged with managing risk, through robust internal processes and effective internal controls. | | | | ✓ Our Board oversees succession planning and talent development for senior executive positions. ✓ Our Nominating and Governance Committee makes an annual report to our Board on succession planning. ✓ In the event of a succession, our entire Board may work with our Nominating and Governance Committee, or the Independent Directors, as applicable, to nominate and evaluate potential successors. | | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement 5 | |
| 6 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement 7 | |
| 8 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement 9 | |
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| THE RMR GROUP INC. | | | | | |
| • exhibit high standards of integrity and ethics; • have business acumen, practical wisdom, ability to exercise sound judgment in a congenial manner and be able to make independent analytical inquiries; • have a strong record of achievements; • have knowledge of the asset management industry, commercial real estate (“CRE”) industry and real estate investment trusts (“REITs”); | | | • have diverse perspectives, backgrounds and experiences, including professional background, skills and community membership; and • be committed to serve on our Board over a period of years in order to develop knowledge about our operations and have sufficient time and availability to devote to Board and committee matters. | |
| • work experience with a proven record of success in his, her or their field; • risk oversight/management expertise; • accounting and finance, including a high level of financial literacy and understanding of the impact of financial market trends on the real estate industry; • operating business and/or transactional experience; • management/leadership experience; • knowledge of our historical business activities; • familiarity with client sectors; | | | • familiarity with the public capital markets; • experience at a strategic or policymaking level in a business, government, non-profit or academic organization of high standing; • service on other public company boards and committees; • qualifying as a Managing Director in accordance with the requirements of our governing documents; and • qualifying as an Independent Director in accordance with the requirements of the Nasdaq, the SEC and our governing documents. | |
| 12 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
Total Number of Directors | Total Number of Directors | | | | | | | | | | | | 6 | | | | Total Number of Directors | | | | | | 6 | | | | ||||||||||||||||||
Part I: Gender Identity | | | | Female | | | | | Male | | | | | Non-Binary | | | | | | | | Did Not Disclose Gender | | | Female | | Male | | Non-Binary | | | | Did Not Disclose Gender | | ||||||||||
Directors | | | | 2 | | | | | 4 | | | | | — | | | | | | | | — | | | 2 | | 4 | | — | | | | — | | ||||||||||
Part II: Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||
African American or Black | | | | — | | | | | 1 | | | | | — | | | | | | | | — | | | — | | 1 | | — | | | | — | | ||||||||||
Alaskan Native or Native American | | | | — | | | | | — | | | | | — | | | | | | | | — | | | — | | — | | — | | | | — | | ||||||||||
Asian | | | | — | | | | | — | | | | | — | | | | | | | | — | | | — | | — | | — | | | | — | | ||||||||||
Hispanic or Latinx | | | | — | | | | | — | | | | | — | | | | | | | | — | | | — | | — | | — | | | | — | | ||||||||||
Native Hawaiian or Pacific Islander | | | | — | | | | | — | | | | | — | | | | | | | | — | | | — | | — | | — | | | | — | | ||||||||||
White | | | | 2 | | | | | 3 | | | | | — | | | | | | | | — | | | 2 | | 3 | | — | | | | — | | ||||||||||
Two or More Races or Ethnicities | | | | — | | | | | — | | | | | — | | | | | | | | — | | | — | | — | | — | | | | — | | ||||||||||
LGBTQ+ | | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | | — | | | | ||||||||||
Did Not Disclose Demographic Background | | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | — | | | |
| THE RMR GROUP INC. | | | | | |
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• Executive Vice President and General Counsel of RMR LLC • Secretary of Diversified Healthcare Trust, Industrial Logistics Properties Trust, Service Properties Trust, Office Properties Income Trust, Seven Hills Realty Trust, • Officer of ABP • Director and secretary of Sonesta • Director, executive vice president, • Trustee of Diversified Healthcare Trust from 2018 to June • Trustee of • Until RMR Advisors • Partner at the law firm of Sullivan & Worcester OTHER RMR PUBLIC CLIENT BOARDS | • • Office Properties Income Trust (since 2021) OTHER NON-RMR MANAGED PUBLIC COMPANY BOARDS: • None | | ||||||||||||||||||||||||||||||||||||||||
| QUALIFICATIONS Ms. Clark brings to our board extensive professional skills and experience in legal, corporate governance and real estate | |
| Risk Oversight/Management | | | Human Capital Management | | | Financial Literacy | | | Public Company Board | | |||||||||||||
| | | | | | | Public Company Executive | | ||||||||||||||||
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| | Compensation Nominating and Governance | | | | • | ||||||||||||||||||||||||||||||||||||
• Former board member of The Washington School for Girls and Georgetown Preparatory School and • Director of PHH Corporation, a New York Stock Exchange listed company providing real estate mortgage and automotive fleet services from 2005 to 2010, where she was chair of the risk management committee and served on the audit and compensation committees. | | • OTHER NON-RMR MANAGED PUBLIC COMPANY BOARDS: • None | | |||||||||||||||||||||||||||||||||||||||
| QUALIFICATIONS Ms. Logan brings to our Board valuable perspective on the broader real estate industry and significant experience in the real estate mortgage and credit | |
| Risk Oversight/Management | | | Human Capital Management | | | Financial Expertise | | | REIT/Real Estate | |
| Investment Expertise | | | ESG | | | Public Company Executive | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement 15 | |
| Rosen Plevneliev, 58, Independent Director | | | | | |||||||||||||||||||||||||||||||
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Audit Compensation Nominating and Governance | | | | • | ||||||||||||||||||||||||||||||||||||||
• Bulgaria’s Minister of Regional Development and Public Works from 2009 to 2011, overseeing the country’s infrastructure, communications and development projects. • Former partner and chief executive officer of IRIS International Ltd, a construction management firm that he founded in 1990, and managed several prominent projects in Germany and Bulgaria, including the Reichstag, Munich Airport and the Sofia Business Park, the first business park in Bulgaria and the largest office park in southeastern Europe. • Former member of the board of directors of the American Chamber of Commerce in Bulgaria, the board of the Confederation of Employers and Industrialists in Bulgaria and the board of the “For Our Children” Foundation. | • OTHER NON-RMR MANAGED PUBLIC COMPANY BOARDS: • None | | ||||||||||||||||||||||||||||||||||||||||
| QUALIFICATIONS Mr. Plevneliev brings to our Board executive experience and demonstrated leadership ability as a former head of | |
| Risk Oversight/Management | | | Human Capital Management | | | Financial Literacy | | | ESG | | |||||||||||||||||||||||||
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| 16 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
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| | | | | PROFESSIONAL EXPERIENCE: • • President and Chief Executive Officer of RMR LLC since 2005, and Director from 2006 to June 5, 2015 when RMR LLC became a majority owned subsidiary of our Company • Chair of the boards of Diversified Healthcare Trust, Industrial Logistics Properties Trust, Office Properties Income Trust, Seven Hills Realty Trust, Service Properties Trust, AlerisLife Inc. and TravelCenters of America Inc. • Director of RMR Advisors LLC from 2007 to January 2021 until it merged with and into Tremont Realty Capital LLC, its president from 2007 to September 2017, and chief executive officer from 2015 until September 2017. • Director of Tremont Realty Capital LLC since March 2016 and served as its president and chief executive officer from March 2016 to December 2017. • Sole trustee and controlling shareholder and an officer of ABP Trust, our controlling shareholder. • Director and controlling shareholder of Sonesta International Hotels Corporation and its parent. • President and chief executive officer of RMR Real Estate Income Fund (now known as Seven Hills Realty Trust) from 2007 to 2015. • President of Office Properties Income Trust from 2009 to 2011. • Managing trustee of Select Income REIT from 2011 until it merged with a wholly owned subsidiary of Office Properties Income Trust in December 2018. • Managing trustee of Tremont Mortgage Trust from 2017 until it merged with and into Seven Hills Realty Trust in September 2021. • Served in various positions in the finance industry and public sector, including working as an investment banker at Donaldson, Lufkin & Jenrette and working in private equity at DLJ Merchant Banking Partners and at the International Finance Corporation (a member of The World Bank Group). • Founded and served as chief executive officer of a privately financed telecommunications company. • Honorary Consul General of the Republic of Bulgaria to Massachusetts. • Chair of the board of directors of the Pioneer Institute. • Executive committee member of the board of directors of the Greater Boston Chamber of Commerce. • Member of AJC New England’s Leadership Board. • Previously served on the board of governors for the National Association of Real Estate Investment Trusts and the board of trustees of Occidental College. OTHER RMR PUBLIC CLIENT BOARDS(1): • Diversified Healthcare Trust (since 2007) • Service Properties Trust (since 2007) • Office Properties Income Trust (since 2009) • Seven Hills Realty Trust, including its predecessor companies • Industrial Logistics Properties Trust (since 2017) • • TravelCenters of America Inc. (since 2018) | None | | |||||||||||||||||||||||||||||||||||||||
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QUALIFICATIONS Mr. Portnoy | |
| Risk Oversight/Management | | | Human Capital Management | | | Financial Literacy | | | Public Company Board | |
| REIT/Real Estate | | | Investment Expertise | | | ESG | | | Public Company Executive | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement 17 | |
| Jonathan Veitch, 63, Independent Director | | | | | | | | ||||
| DIRECTOR SINCE 2020 BOARD COMMITTEES Audit Compensation Nominating and Governance (Chair) | | | | PROFESSIONAL EXPERIENCE: • Former president of Occidental College, a nationally-recognized private liberal arts college, from 2009 to June 2020 and a member of its board of trustees since 2009. • Various leadership and management positions with The New School from 1996 to 2009. • Recipient of numerous grants and awards in academia and author of numerous publications and articles. • As a distinguished chair in the History Department and President Emeritus of Occidental College, he is currently working on a book on the value and purposes of liberal arts education. OTHER RMR PUBLIC CLIENT BOARDS(1): • None OTHER NON-RMR MANAGED PUBLIC COMPANY BOARDS: • None | | ||||||
| QUALIFICATIONS Mr. Veitch brings to our Board extensive professional skills and experience in governance matters. Additionally, Mr. Veitch provides our Board with significant management experience and demonstrated leadership ability. Mr. Veitch holds a doctorate in American History from Harvard University. Mr. Veitch identifies as Caucasian and as male. Mr. Veitch qualifies as an Independent Director in accordance with the requirements of the Nasdaq, the SEC and our Bylaws. | |
| Public Company Board | | | | | | | Human Capital Management | | ||||||||||||||
| Risk Oversight/Management | | | | | | | | | |
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• Various executive capacities at Bank One Corporation (the successor to First Chicago NBD, NBD Bancorp and National Bank of Detroit) from 1968 to 2000, including serving as executive vice president and president of Bank One, Michigan. • Chief development officer for the City of Detroit from 2002 to 2006 and the interim chief executive officer of Detroit Regional Convention Facility Authority from 2009 to 2010. • Director of the Omega Historic Preservation Foundation. • Past board affiliations include Health Alliance Plan, Detroit Economic Growth Corporation, Detroit Medical Center, Detroit Regional Chamber of Commerce, United Way of Southeast Michigan and Fisk University. | | • OTHER NON-RMR MANAGED PUBLIC COMPANY BOARDS: • None | | |||||||||||||||||||||||||||||||||
| QUALIFICATIONS Mr. Watkins brings to our Board demonstrated business leadership as a successful business. Mr. Watkins has also worked on community boards and committees. Mr. Watkins identifies as African | |
| Risk Oversight/Management | | | Human Capital Management | | | Financial Literacy | | | Investment Expertise | | ||||||||||||||||||||||
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| THE RMR GROUP INC. | | | | | |
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| | | | | | | | | | | | | Adam D. Portnoy Age: | | | | | | | | President and Chief Executive Officer of our Company since 2015 President and Chief Executive Officer of RMR LLC since 2005 | | | | | | | |
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| | | | | | Mr. Portnoy’s background and qualifications are described above. | | | | | | | ||||||||||||||||
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| | | | | | | | | | | | | Jennifer B. Clark Age: | | | | | | | | Executive Vice President, General Counsel and Secretary of our Company since 2015 Executive Vice President and General Counsel of RMR LLC since 2008 | | | | | | | |
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| | | | | | Ms. Clark’s background and qualifications are described above. | | | | | | | ||||||||||||||||
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| | | | | | | | | | | | | Matthew P. Jordan Age: | | | | | | | | Executive Vice President of our Company since 2018 Chief Financial Officer and Treasurer of our Company since 2015 Executive Vice President of RMR LLC since 2017 Chief Financial Officer and Treasurer of RMR LLC since | | | | | | | |
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| | | | | | Mr. Jordan joined RMR LLC in April 2012 as chief accounting officer; he became senior vice president, chief financial officer and treasurer of RMR LLC in November 2012; and he became an executive vice president of RMR LLC in October 2017 while continuing to serve as RMR LLC’s chief financial officer and treasurer. Mr. Jordan has served as a managing trustee of Seven Hills Realty Trust | | | | | | | ||||||||||||||||
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| | | | | | | | | | | | | Jennifer F. Francis Age: | | | | | | | | Executive Vice President of RMR LLC since 2020 | | | | | | | |
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| | | | | | Ms. Francis joined RMR LLC in 2006 and became a senior vice president of RMR LLC in 2014 and an executive vice president of RMR LLC in 2020. Ms. Francis is responsible for oversight of various functions of RMR LLC, including acquisitions and dispositions, the asset management division of RMR LLC, which includes | | | | | | | ||||||||||||||||
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| | | | | | | | | | | | | John G. Murray Age: | | | | | | | | Executive Vice President of RMR LLC since 2001 | | | | | | | |
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| | | | | | Mr. Murray has served in various capacities with RMR LLC and its affiliates since 1993, including as an executive vice president of RMR LLC since 2001 and as a senior vice president of RMR LLC from 1993 to 2001. Mr. Murray has been the President and Chief Executive Officer of Sonesta International Hotels Corporation since April 2022 and serves on its board of directors. He has also served as a managing trustee of Service Properties Trust since 2018. Until March 31, 2022, Mr. Murray served as the president and chief executive officer of Service Properties Trust since 2018, and before then he was its president | | | | | | | ||||||||||||||||
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| | | | | | | | | | | | | Jonathan M. Pertchik Age: | | | | | | | | Executive Vice President of RMR LLC since 2019 | | | | | | | |
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| | | | | | Since December 2019, Mr. Pertchik has been an executive vice president of RMR LLC and chief executive officer and a managing director of TravelCenters of America Inc. Mr. Pertchik is responsible for all travel center operations at RMR LLC. Prior to joining RMR LLC, Mr. Pertchik served as the chief executive officer of InTown Suites, Inc., a large extended stay hotel chain in the United States, from July 2014 to April 2019. From February 2013 to June 2014, Mr. Pertchik served as the chief executive officer of ST Residential, LLC, an owner and manager of luxury condominiums, apartment projects, hotels, and office and retail spaces, where he had previously served as chief operating officer from March 2010 to February 2013. Prior to joining ST Residential, Mr. Pertchik held various executive management positions at WCI Communities, a luxury homebuilder and developer from 2007 to January 2010, and had been a senior vice president and managing principal at The Staubach Company, a leading national real estate tenant representative, from 1999 to 2006. Additionally, Mr. Pertchik served as a member of the board of directors of AV Homes, Inc., a publicly-traded homebuilder, from July 2014 until its sale in October 2018, and has served as a member of the board of directors of Lenkbar, Inc., a private inventor, designer, engineer and manufacturer of medical device products since December 2014. | | | | | | | ||||||||||||||||
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| THE RMR GROUP INC. | | | | | |
| Members Ann Logan (Chair) Rosen Plevneliev Jonathan Veitch Walter C. Watkins, Jr. 9 meetings in the fiscal year ended September 30, | | | Our Audit Committee is comprised solely of Independent Directors. Its primary role is to help our Board fulfill its oversight responsibilities related to the integrity of our financial statements and financial reporting process, the qualifications, independence and performance of our independent registered public accounting firm, the performance of our internal audit function, risk management and our compliance with legal and regulatory requirements. Our Audit Committee is responsible for the appointment, compensation, retention and oversight, and the evaluation of the qualifications, performance and independence, of our independent auditors and the resolution of disagreements between our management and our independent auditors. Our independent auditors report directly to our Audit Committee. Our Audit Committee Our Board has determined that each member of our Audit Committee is financially literate and that Ms. Logan is our Audit Committee’s “financial expert.” | |
| Members Walter C. Watkins, Jr. (Chair) Ann Logan Rosen Plevneliev Jonathan Veitch 4 meetings in the fiscal year ended September 30, | | | Our Compensation Committee is comprised solely of Independent Directors. Our Compensation Committee’s primary responsibilities pertain to overseeing our compensation and employee benefit programs as they apply to executive compensation and annually reviewing and approving the compensation paid by us to each of our executive officers. Our Compensation Committee also | |
| Members Ann Logan Walter C. Watkins, Jr. | | | Our Nominating and Governance Committee is comprised solely of Independent Directors. Its primary role is to identify individuals qualified to become Board members, consistent with criteria approved by our Board, and to recommend candidates to our entire Board for nomination or selection as Board members for each annual meeting of shareholders or when vacancies occur; to develop and recommend to our Board governance principles for our Company; and to oversee the evaluation of our Board and, to the extent not overseen by our Compensation Committee or a committee composed entirely of Directors meeting the independence requirements of the rules of the Nasdaq, Company management. Under its charter, our Nominating and Governance Committee is also responsible for considering and reporting on our succession planning to our Board. Mr. Plevneliev served as Chair of our Nominating and Governance Committee until June 21, 2022, and since then, Mr. Veitch has served as Chair of our Nominating and Governance Committee. | |
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Name | | Fees Earned or Paid in Cash($)(1) | | Stock Awards($)(2) | | All Other Compensation($) | | Total($) | | | Fees Earned or Paid in Cash ($)(1) | | Stock Awards ($)(2) | | All Other Compensation ($) | | Total ($) | | ||||||||
Jennifer B. Clark(3) | | — | | 128,550 | | — | | 128,550 | | | — | | 91,080 | | — | | 91,080 | | ||||||||
Ann Logan | | 102,500 | | 128,550 | | — | | 231,050 | | | 105,000 | | 91,080 | | — | | 196,080 | | ||||||||
Rosen Plevneliev | | 97,500 | | 128,550 | | — | | 226,050 | | | 102,500 | | 91,080 | | — | | 193,580 | | ||||||||
Adam Portnoy(3) | | — | | 128,550 | | — | | 128,550 | | |||||||||||||||||
Adam D. Portnoy(3) | | — | | 91,080 | | — | | 91,080 | | |||||||||||||||||
Jonathan Veitch | | 85,000 | | 128,550 | | — | | 213,550 | | | 100,000 | | 91,080 | | — | | 191,080 | | ||||||||
Walter C. Watkins, Jr. | | 97,500 | | 128,550 | | — | | 226,050 | | | 100,000 | | 91,080 | | — | | 191,080 | |
| THE RMR GROUP INC. | | | | | |
Name of Beneficial Owner | | | Class A Common Shares* | | Class B-1 Common Shares | | Class B-2 Common Shares | | Combined Voting Power | | | | Class A Common Shares* | | Class B-1 Common Shares | | Class B-2 Common Shares | | Combined Voting Power | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Number | | % | | Number | | % | | Number | | % | | % | | | Number | | % | | Number | | % | | Number | | % | | % | | |||||||||||||||||||||||||||||||||||||||||||||||||||
ABP Trust | | | | 1,090,564(1) | | | | | 6.6% | | | | | 1,000,000 | | | | | 100.0% | | | | | 15,000,000 | | | | | 100.0% | | | 91.2% | | | | | 1,090,564(1) | | | | | 6.6% | | | | | 1,000,000 | | | | | 100.0% | | | | | 15,000,000 | | | | | 100.0% | | | 91.2% | | ||||||||||||||
Directors, Director Nominees and Executive Officers: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||
Adam Portnoy | | | | 1,170,502(1)(2) | | | | | 7.1% | | | | | 1,000,000(2) | | | | | 100.0% | | | | | 15,000,000(2) | | | | | 100.0% | | | 91.3% | | |||||||||||||||||||||||||||||||||||||||||||||||
Adam D. Portnoy | | | | 1,185,502(1)(2) | | | | | 7.1% | | | | | 1,000,000(2) | | | | | 100.0% | | | | | 15,000,000(2) | | | | | 100.0% | | | 91.2% | | |||||||||||||||||||||||||||||||||||||||||||||||
Jennifer B. Clark | | | | 32,651 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | | | | 39,416 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | ||||||||||||||
Matthew P. Jordan | | | | 27,201 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | | | | 33,201 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | ||||||||||||||
John G. Murray | | | | 20,666 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | | | | 24,439 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | ||||||||||||||
Ann Logan | | | | 17,578 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | | | | 20,578 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | ||||||||||||||
Walter C. Watkins, Jr. | | | | 15,000 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | | | | 18,000 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | ||||||||||||||
Rosen Plevneliev | | | | 11,475 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | |||||||||||||||||||||||||||||||||||||||||||||||
Jennifer F. Francis | | | | 10,754 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | | | | 15,280 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | ||||||||||||||
Jonathan M. Pertchik | | | | 9,520 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | | | | 14,763 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | ||||||||||||||
Rosen Plevneliev | | | | 14,025 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | |||||||||||||||||||||||||||||||||||||||||||||||
Jonathan Veitch | | | | 6,000 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | | | | 9,000 | | | | | **% | | | | | — | | | | | — | | | | | — | | | | | — | | | **% | | ||||||||||||||
All executive officers and directors as a group (10 persons) | | | | 1,321,347(1) | | | | | 8.0% | | | | | 1,000,000 | | | | | 100.0% | | | | | 15,000,000 | | | | | 100% | | | 91.4% | | | | | 1,374,204(1) | | | | | 8.3% | | | | | 1,000,000 | | | | | 100.0% | | | | | 15,000,000 | | | | | 100% | | | 91.3% | |
| | | | | |
Name and Address | | Aggregate Number of Shares Beneficially Owned* | | Percent of Outstanding Shares** | | Additional Information | | | Aggregate Number of Shares Beneficially Owned* | | Percent of Outstanding Shares** | | Additional Information | | ||||||
The Vanguard Group, Inc. (“Vanguard”) 100 Vanguard Boulevard Malvern, Pennsylvania 19355 | | 2,205,719 | | 14.2% | | Based on a Schedule 13G/A filed with the SEC on February 10, 2021 by Vanguard reporting that, at December 31, 2020 Vanguard beneficially owned 2,205,719 Class A Common Shares and had shared voting power over 32,176 Class A Common Shares, sole dispositive power over 2,161,928 Class A Common Shares and shared dispositive power over 43,791 Class A Common Shares. | | | 2,321,849 | | 14.9% | | Based on a Schedule 13G/A filed with the SEC on February 10, 2022 by Vanguard reporting that, at December 31, 2021 Vanguard beneficially owned 2,321,849 Class A Common Shares and had shared voting power over 14,309 Class A Common Shares, sole dispositive power over 2,295,972 Class A Common Shares and shared dispositive power over 25,877 Class A Common Shares. | | ||||||
BlackRock, Inc. (“BlackRock”) 55 East 52nd Street New York, New York 10055 | | 1,377,336 | | 8.9% | | Based on a Schedule 13G filed with the SEC on February 1, 2021 by BlackRock reporting that, at December 31, 2020, BlackRock beneficially owned 1,377,336 Class A Common Shares and had sole voting power over 1,308,774 Class A Common Shares and sole dispositive power over 1,377,336 Class A Common Shares. | | | 1,915,006 | | 12.3% | | Based on a Schedule 13G/A filed with the SEC on November 9, 2022 by BlackRock reporting that, at October 31, 2022, BlackRock beneficially owned 1,915,006 Class A Common Shares and had sole voting power over 1,799,146 Class A Common Shares and sole dispositive power over 1,915,006 Class A Common Shares. | | ||||||
Hotchkis and Wiley Capital Management, LLC (“Hotchkis”) 601 S. Figueroa Street 39th Fl Los Angeles, CA 90017 | | 1,005,565 | | 6.4% | | Based on a Schedule 13G filed with the SEC on February 11, 2022 by Hotchkis reporting that, at December 31, 2021, Hotchkis beneficially owned 1,005,565 Class A Common Shares and had sole voting power over 917,165 Class A Common Shares and sole dispositive power over 1,005,565 Class A Common Shares. | | |||||||||||||
Nantahala Capital Management, LLC (“Nantahala”) 130 Main St. 2nd Floor New Canaan, CT 06840 | | 963,726 | | 6.2% | | Based on a Schedule 13G filed with the SEC on February 14, 2022 by Nantahala reporting that, at December 31, 2021, Nantahala beneficially owned 963,726 Class A Common Shares and had shared voting power over 963,726 Class A Common Shares and shared dispositive power over 963,726 Class A Common Shares. | |
| THE RMR GROUP INC. | | | | | |
| | | | | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement 27 | |
| 28 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
Compensation Element | | | What It Does | | | Key Measures | |
Base Salary | | | • Provides a level of fixed pay appropriate to an executive’s role and responsibilities • Evaluated on an annual basis | | | • Experience, duties and scope of responsibility • Internal and external market factors | |
Discretionary Cash Bonus | | | • Provides a competitive annual cash incentive opportunity • Links executives’ interests with shareholders’ interests • Incentivizes and rewards superior group, individual and Company performance | | | • Based on holistic performance evaluation | |
Equity Compensation | | | • Links executives’ interests with long-term interests of shareholders • Incentivizes and rewards superior group, individual and Company performance | | | • Based on holistic performance evaluation | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement 29 | |
| 30 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement 31 | |
| 32 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| | | | | |
| 34 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
Name and Principal Position | | Fiscal Year | | Salary ($) | | Bonus ($)(1) | | Stock Awards ($)(2) | | All Other Compensation ($)(3) | | Total ($) | | | Fiscal Year | | Salary ($) | | Bonus ($)(1) | | Stock Awards ($)(2) | | All Other Compensation ($)(3) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||
Adam Portnoy Managing Director, President and Chief Executive Officer | | | | | 2021 | | | | | 350,000 | | | | | 2,700,000 | | | | | 1,052,505 | | | | | 171,576 | | | | | 4,274,081 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 350,000 | | | | | 2,675,000 | | | | | 693,330 | | | | | 38,683 | | | | | 3,757,013 | | | ||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 325,000 | | | | | 2,675,000 | | | | | 914,465 | | | | | 31,891 | | | | | 3,946,356 | | | ||||||||||||||||||||||||||||||||||||||||||||
Adam D. Portnoy Managing Director, President and Chief Executive Officer | | | | | 2022 | | | | | 375,000 | | | | | 2,900,000 | | | | | 830,110 | | | | | 43,484 | | | | | 4,148,594 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 350,000 | | | | | 2,700,000 | | | | | 1,052,505 | | | | | 171,576 | | | | | 4,274,081 | | | ||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 350,000 | | | | | 2,675,000 | | | | | 693,330 | | | | | 38,683 | | | | | 3,757,013 | | | ||||||||||||||||||||||||||||||||||||||||||||
Jennifer B. Clark Managing Director, Executive Vice President, General Counsel and Secretary | | | | | 2021 | | | | | 350,000 | | | | | 2,700,000 | | | | | 1,554,885 | | | | | 156,363 | | | | | 4,761,248 | | | | | | | 2022 | | | | | 375,000 | | | | | 2,900,000 | | | | | 1,284,725 | | | | | 104,103 | | | | | 4,663,828 | | | ||||||||||
| | | 2020 | | | | | 350,000 | | | | | 2,675,000 | | | | | 1,091,920 | | | | | 97,096 | | | | | 4,214,016 | | | | | | 2021 | | | | | 350,000 | | | | | 2,700,000 | | | | | 1,554,885 | | | | | 156,363 | | | | | 4,761,248 | | | |||||||||||||
| | | 2019 | | | | | 325,000 | | | | | 2,675,000 | | | | | 1,432,925 | | | | | 107,727 | | | | | 4,540,652 | | | | | | 2020 | | | | | 350,000 | | | | | 2,675,000 | | | | | 1,091,920 | | | | | 97,096 | | | | | 4,214,016 | | | |||||||||||||
John G. Murray Executive Vice President | | | | | 2021 | | | | | 350,000 | | | | | 2,100,000 | | | | | 1,543,130 | | | | | 160,397 | | | | | 4,153,527 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 350,000 | | | | | 2,000,000 | | | | | 1,218,325 | | | | | 91,712 | | | | | 3,660,037 | | | ||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 325,000 | | | | | 2,000,000 | | | | | 1,557,953 | | | | | 67,919 | | | | | 3,950,872 | | | ||||||||||||||||||||||||||||||||||||||||||||
Matthew P. Jordan Executive Vice President, Chief Financial Officer and Treasurer | | | | | 2021 | | | | | 350,000 | | | | | 1,800,000 | | | | | 1,186,840 | | | | | 150,569 | | | | | 3,487,409 | | | | | | | 2022 | | | | | 375,000 | | | | | 2,300,000 | | | | | 1,258,675 | | | | | 97,901 | | | | | 4,031,576 | | | ||||||||||
| | | 2020 | | | | | 350,000 | | | | | 1,300,000 | | | | | 900,980 | | | | | 74,379 | | | | | 2,625,359 | | | | | | 2021 | | | | | 350,000 | | | | | 1,800,000 | | | | | 1,186,840 | | | | | 150,569 | | | | | 3,487,409 | | | |||||||||||||
| | | 2019 | | | | | 325,000 | | | | | 1,300,000 | | | | | 1,112,958 | | | | | 42,646 | | | | | 2,780,604 | | | | | | 2020 | | | | | 350,000 | | | | | 1,300,000 | | | | | 900,980 | | | | | 74,379 | | | | | 2,625,359 | | | |||||||||||||
Jennifer F. Francis Executive Vice President | | | | 2021 | | | | | 350,000 | | | | | 1,000,000 | | | | | 1,259,980 | | | | | 56,980 | | | | | 2,666,960 | | | | | | | 2022 | | | | | 375,000 | | | | | 1,350,000 | | | | | 1,042,840 | | | | | 62,346 | | | | | 2,830,186 | | | |||||||||||
Jonathan M. Pertchik (4) Executive Vice President | | | | 2021 | | | | | 75,000 | | | | | 400,000 | | | | | 2,797,120 | | | | | 53,600 | | | | | 3,325,720 | | | |||||||||||||||||||||||||||||||||||||||||||
Jennifer F. Francis Executive Vice President | | | | | 2021 | | | | | 350,000 | | | | | 1,000,000 | | | | | 1,259,980 | | | | | 56,980 | | | | | 2,666,960 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | | 225,000 | | | | | 1,050,000 | | | | | 1,081,440 | | | | | 111,742 | | | | | 2,468,182 | | | ||||||||||||||||||||||||||||||||||||||||||||
John G. Murray (4) Executive Vice President | | | | | 2021 | | | | | 350,000 | | | | | 2,100,000 | | | | | 1,543,130 | | | | | 160,397 | | | | | 4,153,527 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 350,000 | | | | | 2,000,000 | | | | | 1,218,325 | | | | | 91,712 | | | | | 3,660,037 | | | ||||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | | 75,000 | | | | | 525,000 | | | | | 5,705,500 | | | | | 55,456 | | | | | 6,360,956 | | | ||||||||||||||||||||||||||||||||||||||||||||
Jonathan M. Pertchik (5) Executive Vice President | | | | | 2021 | | | | | 75,000 | | | | | 400,000 | | | | | 2,797,120 | | | | | 53,600 | | | | | 3,325,720 | | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement 35 | |
Name | | Company | | Grant Date | | Number of Shares (#) | | Grant Date Fair Value of Share Awards ($)(a) | | | Company | | Grant Date | | Number of Shares (#) | | Grant Date Fair Value of Share Awards ($)(a) | | ||||||||||||||||||||||||||
Adam Portnoy | | RMR | | | | 9/15/2021 | | | | | 10,000 | | | | | 338,000 | | | ||||||||||||||||||||||||||
Adam D. Portnoy | | RMR | | | | 9/14/2022 | | | | | 12,000 | | | | | 315,720 | | | ||||||||||||||||||||||||||
| | RMR | | | | 3/11/2021 | | | | | 3,000(b) | | | | | 128,550 | | | | RMR | | | | 3/10/2022 | | | | | 3,000 | | | | | 91,080 | | | ||||||||
| | DHC | | | | 6/3/2021 | | | | | 20,000(b) | | | | | 74,000 | | | | DHC | | | | 6/2/2022 | | | | | 20,000(b) | | | | | 42,800 | | | ||||||||
| | ILPT | | | | 6/2/2021 | | | | | 3,500(b) | | | | | 89,670 | | | | ILPT | | | | 6/1/2022 | | | | | 3,500(b) | | | | | 52,745 | | | ||||||||
| | OPI | | | | 6/17/2021 | | | | | 3,500(b) | | | | | 104,580 | | | | OPI | | | | 6/16/2022 | | | | | 3,500(b) | | | | | 65,940 | | | ||||||||
| | SVC | | | | 6/16/2021 | | | | | 7,000(b) | | | | | 97,580 | | | | SVC | | | | 6/15/2022 | | | | | 7,000(b) | | | | | 39,900 | | | ||||||||
| | FVE | | | | 6/8/2021 | | | | | 12,500(b) | | | | | 76,875 | | | | ALR | | | | 6/7/2022 | | | | | 12,500(b) | | | | | 17,625 | | | ||||||||
| | TA | | | | 6/10/2021 | | | | | 3,000(b) | | | | | 88,620 | | | | TA | | | | 6/9/2022 | | | | | 3,000(b) | | | | | 109,110 | | | ||||||||
| | SEVN | | | | 5/27/2021 | | | | | 3,000(b) | | | | | 36,300 | | | | SEVN | | | | 5/26/2022 | | | | | 6,000(b) | | | | | 63,960 | | | ||||||||
| | TRMT(c) | | | | 5/27/2021 | | | | | 3,000(b) | | | | | 18,330 | | | | SEVN | | | | 10/1/2021 | | | | | 3,000(b) | | | | | 31,230 | | | ||||||||
| | | | | | | | | | | | | | | | 1,052,505 | | | | | | | | | | | | | | | | | | 830,110 | | | ||||||||
Jennifer B. Clark | | RMR | | | | 9/15/2021 | | | | | 5,000 | | | | | 169,000 | | | | RMR | | | | 9/14/2022 | | | | | 6,000 | | | | | 157,860 | | | ||||||||
| | RMR | | | | 3/11/2021 | | | | | 3,000(b) | | | | | 128,550 | | | | RMR | | | | 3/10/2022 | | | | | 3,000 | | | | | 91,080 | | | ||||||||
| | DHC | | | | 9/15/2021 | | | | | 40,000 | | | | | 136,400 | | | | DHC | | | | 9/14/2022 | | | | | 40,000 | | | | | 52,000 | | | ||||||||
| | ILPT | | | | 9/15/2021 | | | | | 10,000 | | | | | 259,800 | | | | ILPT | | | | 9/14/2022 | | | | | 15,000 | | | | | 102,450 | | | ||||||||
| | OPI | | | | 9/15/2021 | | | | | 15,000 | | | | | 381,300 | | | | OPI | | | | 9/14/2022 | | | | | 18,000 | | | | | 314,820 | | | ||||||||
| | OPI | | | | 6/17/2021 | | | | | 3,500(b) | | | | | 104,580 | | | | OPI | | | | 6/16/2022 | | | | | 3,500(b) | | | | | 65,940 | | | ||||||||
| | SVC | | | | 9/15/2021 | | | | | 20,000 | | | | | 216,400 | | | | SVC | | | | 9/14/2022 | | | | | 20,000 | | | | | 135,000 | | | ||||||||
| | FVE | | | | 6/8/2021 | | | | | 12,500(b) | | | | | 76,875 | | | | ALR | | | | 6/7/2022 | | | | | 12,500(b) | | | | | 17,625 | | | ||||||||
| | FVE | | | | 12/14/2020 | | | | | 2,000 | | | | | 15,700 | | | | ALR | | | | 12/10/2021 | | | | | 25,000 | | | | | 77,750 | | | ||||||||
| | TA | | | | 12/2/2020 | | | | | 2,000 | | | | | 66,280 | | | | TA | | | | 12/13/2021 | | | | | 3,500 | | | | | 167,650 | | | ||||||||
| | | | | | | | | | | | | | | | 1,554,885 | | | | SEVN | | | | 9/14/2022 | | | | | 5,000 | | | | | 50,500 | | | ||||||||
John G. Murray | | RMR | | | | 9/15/2021 | | | | | 5,000 | | | | | 169,000 | | | ||||||||||||||||||||||||||
| | DHC | | | | 9/15/2021 | | | | | 40,000 | | | | | 136,400 | | | ||||||||||||||||||||||||||
| | ILPT | | | | 9/15/2021 | | | | | 15,000(b) | | | | | 389,700 | | | ||||||||||||||||||||||||||
| | ILPT | | | | 6/2/2021 | | | | | 3,500(b) | | | | | 89,670 | | | ||||||||||||||||||||||||||
| | OPI | | | | 9/15/2021 | | | | | 10,000 | | | | | 254,200 | | | ||||||||||||||||||||||||||
| | SVC | | | | 9/15/2021 | | | | | 30,000(b) | | | | | 324,600 | | | ||||||||||||||||||||||||||
| | SVC | | | | 6/16/2021 | | | | | 7,000(b) | | | | | 97,580 | | | ||||||||||||||||||||||||||
| | FVE | | | | 12/14/2020 | | | | | 2,000 | | | | | 15,700 | | | ||||||||||||||||||||||||||
| | TA | | | | 12/2/2020 | | | | | 2,000 | | | | | 66,280 | | | | SEVN | | | | 10/1/2021 | | | | | 5,000 | | | | | 52,050 | | | ||||||||
| | | | | | | | | | | | | | | | 1,543,130 | | | | | | | | | | | | | | | | | | 1,284,725 | | | ||||||||
Matthew P. Jordan | | RMR | | | | 9/15/2021 | | | | | 5,000 | | | | | 169,000 | | | | RMR | | | | 9/14/2022 | | | | | 6,000 | | | | | 157,860 | | | ||||||||
| | DHC | | | | 9/14/2022 | | | | | 40,000 | | | | | 52,000 | | | ||||||||||||||||||||||||||
| | ILPT | | | | 9/14/2022 | | | | | 20,000 | | | | | 136,600 | | | ||||||||||||||||||||||||||
| | DHC | | | | 9/15/2021 | | | | | 40,000 | | | | | 136,400 | | | | ILPT | | | | 6/1/2022 | | | | | 3,500(b) | | | | | 52,745 | | | ||||||||
| | ILPT | | | | 9/15/2021 | | | | | 10,000 | | | | | 259,800 | | | | OPI | | | | 9/14/2022 | | | | | 12,000 | | | | | 209,880 | | | ||||||||
| | OPI | | | | 9/15/2021 | | | | | 10,000 | | | | | 254,200 | | | | SVC | | | | 9/14/2022 | | | | | 20,000 | | | | | 135,000 | | | ||||||||
| | SVC | | | | 9/15/2021 | | | | | 20,000 | | | | | 216,400 | | | | ALR | | | | 12/10/2021 | | | | | 15,000 | | | | | 46,650 | | | ||||||||
| | FVE | | | | 12/14/2020 | | | | | 2,000 | | | | | 15,700 | | | | TA | | | | 12/13/2021 | | | | | 3,500 | | | | | 167,650 | | | ||||||||
| | TA | | | | 12/2/2020 | | | | | 2,000 | | | | | 66,280 | | | | SEVN | | | | 9/14/2022 | | | | | 10,000 | | | | | 101,000 | | | ||||||||
| | SEVN | | | | 5/27/2021 | | | | | 3,000(b) | | | | | 36,300 | | | | SEVN | | | | 5/26/2022 | | | | | 6,000(b) | | | | | 63,960 | | | ||||||||
| | TRMT(c) | | | | 2/19/2021 | | | | | 3,000(b) | | | | | 14,430 | | | | SEVN | | | | 10/1/2021 | | | | | 3,000(b) | | | | | 31,230 | | | ||||||||
| | TRMT(c) | | | | 5/27/2021 | | | | | 3,000(b) | | | | | 18,330 | | | | SEVN | | | | 10/1/2021 | | | | | 10,000 | | | | | 104,100 | | | ||||||||
| | | | | | | | | | | | | | | | 1,186,840 | | | | | | | | | | | | | | | | | | 1,258,675 | | | ||||||||
Jennifer F. Francis | | RMR | | | | 9/15/2021 | | | | | 5,000 | | | | | 169,000 | | | | RMR | | | | 9/14/2022 | | | | | 6,000 | | | | | 157,860 | | | ||||||||
| | DHC | | | | 9/15/2021 | | | | | 60,000(b) | | | | | 204,600 | | | | DHC | | | | 9/14/2022 | | | | | 60,000(b) | | | | | 78,000 | | | ||||||||
| | DHC | | | | 6/3/2021 | | | | | 20,000(b) | | | | | 74,000 | | | | DHC | | | | 6/2/2022 | | | | | 20,000(b) | | | | | 42,800 | | | ||||||||
| | ILPT | | | | 9/15/2021 | | | | | 10,000 | | | | | 259,800 | | | | ILPT | | | | 9/14/2022 | | | | | 15,000 | | | | | 102,450 | | | ||||||||
| | OPI | | | | 9/15/2021 | | | | | 10,000 | | | | | 254,200 | | | | OPI | | | | 9/14/2022 | | | | | 12,000 | | | | | 209,880 | | | ||||||||
| | SVC | | | | 9/15/2021 | | | | | 20,000 | | | | | 216,400 | | | | SVC | | | | 9/14/2022 | | | | | 20,000 | | | | | 135,000 | | | ||||||||
| | FVE | | | | 12/14/2020 | | | | | 2,000 | | | | | 15,700 | | | | ALR | | | | 12/10/2021 | | | | | 15,000 | | | | | 46,650 | | | ||||||||
| | TA | | | | 12/2/2020 | | | | | 2,000 | | | | | 66,280 | | | | TA | | | | 12/13/2021 | | | | | 3,500 | | | | | 167,650 | | | ||||||||
| | | | | | | | | | | | | | | | 1,259,980 | | | | SEVN | | | | 9/14/2022 | | | | | 5,000 | | | | | 50,500 | | | ||||||||
Jonathan M. Pertchik | | RMR | | | | 9/15/2021 | | | | | 5,000 | | | | | 169,000 | | | ||||||||||||||||||||||||||
| | SEVN | | | | 10/1/2021 | | | | | 5,000 | | | | | 52,050 | | | ||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | 1,042,840 | | | ||||||||||||||||||||||||||
John G. Murray | | RMR | | | | 9/14/2022 | | | | | 6,000 | | | | | 157,860 | | | ||||||||||||||||||||||||||
| | DHC | | | | 9/15/2021 | | | | | 40,000 | | | | | 136,400 | | | | DHC | | | | 9/14/2022 | | | | | 40,000 | | | | | 52,000 | | | ||||||||
| | ILPT | | | | 9/15/2021 | | | | | 10,000 | | | | | 259,800 | | | | ILPT | | | | 9/14/2022 | | | | | 15,000 | | | | | 102,450 | | | ||||||||
| | OPI | | | | 9/15/2021 | | | | | 10,000 | | | | | 254,200 | | | | OPI | | | | 9/14/2022 | | | | | 12,000 | | | | | 209,880 | | | ||||||||
| | SVC | | | | 9/15/2021 | | | | | 20,000 | | | | | 216,400 | | | ||||||||||||||||||||||||||
| | FVE | | | | 12/14/2020 | | | | | 2,000 | | | | | 15,700 | | | ||||||||||||||||||||||||||
| | TA | | | | 6/10/2021 | | | | | 3,000(b) | | | | | 88,620 | | | ||||||||||||||||||||||||||
| | TA | | | | 12/2/2020 | | | | | 50,000(b) | | | | | 1,657,000 | | | ||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | 2,797,120 | | |
| 36 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
Name | | | Company | | | Grant Date | | | Number of Shares (#) | | | Grant Date Fair Value of Share Awards ($)(a) | | |||||||||
| | | SVC | | | | | 9/14/2022 | | | | | | 30,000 | | | | | | 202,500 | | |
| | | SVC | | | | | 6/15/2022 | | | | | | 7,000(b) | | | | | | 39,900 | | |
| | | ALR | | | | | 12/10/2021 | | | | | | 15,000 | | | | | | 46,650 | | |
| | | TA | | | | | 12/13/2021 | | | | | | 3,500 | | | | | | 167,650 | | |
| | | SEVN | | | | | 9/14/2022 | | | | | | 5,000 | | | | | | 50,500 | | |
| | | SEVN | | | | | 10/1/2021 | | | | | | 5,000 | | | | | | 52,050 | | |
| | | | | | | | | | | | | | | | | | | | 1,081,440 | | |
Jonathan M. Pertchik | | | RMR | | | | | 9/14/2022 | | | | | | 6,000 | | | | | | 157,860 | | |
| | | DHC | | | | | 9/14/2022 | | | | | | 40,000 | | | | | | 52,000 | | |
| | | ILPT | | | | | 9/14/2022 | | | | | | 15,000 | | | | | | 102,450 | | |
| | | OPI | | | | | 9/14/2022 | | | | | | 12,000 | | | | | | 209,880 | | |
| | | SVC | | | | | 9/14/2022 | | | | | | 20,000 | | | | | | 135,000 | | |
| | | ALR | | | | | 12/10/2021 | | | | | | 15,000 | | | | | | 46,650 | | |
| | | TA | | | | | 6/9/2022 | | | | | | 3,000(b) | | | | | | 109,110 | | |
| | | TA | | | | | 12/13/2021 | | | | | | 100,000(b) | | | | | | 4,790,000 | | |
| | | SEVN | | | | | 9/14/2022 | | | | | | 5,000 | | | | | | 50,500 | | |
| | | SEVN | | | | | 10/1/2021 | | | | | | 5,000 | | | | | | 52,050 | | |
| | | | | | | | | | | | | | | | | | | | 5,705,500 | | |
Name | | | Grant Date | | | All Other Stock Awards: Number of Shares of Stock or Units (#) | | | Grant Date Fair Value of Stock and Option Awards ($)(1) | |
Adam D. Portnoy | | | 9/14/2022 | | | 12,000 | | | 315,720 | |
Jennifer B. Clark | | | 9/14/2022 | | | 6,000 | | | 157,860 | |
Matthew P. Jordan | | | 9/14/2022 | | | 6,000 | | | 157,860 | |
Jennifer F. Francis | | | 9/14/2022 | | | 6,000 | | | 157,860 | |
John G. Murray | | | 9/14/2022 | | | 6,000 | | | 157,860 | |
Jonathan M. Pertchik | | | 9/14/2022 | | | 6,000 | | | 157,860 | |
| | | | | | | | | Stock Awards | | |||
Name | | | Company | | | Date Granted | | | Number of Shares or Units of Stock That Have Not Vested (#) | | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | |
Adam Portnoy | | | RMR | | | 9/15/2021 | | | 8,000 | | | 267,600 | |
| | | RMR | | | 9/17/2020 | | | 6,000 | | | 200,700 | |
| | | RMR | | | 9/18/2019 | | | 4,000 | | | 133,800 | |
| | | RMR | | | 9/13/2018 | | | 1,600 | | | 53,520 | |
| | | FVE | | | 12/13/2017 | | | 300 | | | 1,314 | |
| | | TA | | | 11/29/2017 | | | 480 | | | 23,899 | |
| | | | | | | | | | | | 680,833 | |
Jennifer B. Clark | | | RMR | | | 9/15/2021 | | | 4,000 | | | 133,800 | |
| | | RMR | | | 9/17/2020 | | | 3,000 | | | 100,350 | |
| | | RMR | | | 9/18/2019 | | | 2,000 | | | 66,900 | |
| | | RMR | | | 9/13/2018 | | | 800 | | | 26,760 | |
| | | DHC | | | 9/15/2021 | | | 32,000 | | | 108,480 | |
| | | DHC | | | 9/17/2020 | | | 18,000 | | | 61,020 | |
| | | DHC | | | 9/18/2019 | | | 8,000 | | | 27,120 | |
| | | DHC | | | 9/13/2018 | | | 2,000 | | | 6,780 | |
| | | ILPT | | | 9/15/2021 | | | 8,000 | | | 203,280 | |
| | | ILPT | | | 9/17/2020 | | | 6,000 | | | 152,460 | |
| | | ILPT | | | 9/18/2019 | | | 4,000 | | | 101,640 | |
| | | ILPT | | | 9/13/2018 | | | 1,000 | | | 25,410 | |
| | | OPI | | | 9/15/2021 | | | 12,000 | | | 303,960 | |
| | | OPI | | | 9/17/2020 | | | 6,000 | | | 151,980 | |
| | | OPI | | | 9/18/2019 | | | 4,000 | | | 101,320 | |
| | | OPI | | | 9/13/2018 | | | 714 | | | 18,086 | |
| | | SVC | | | 9/15/2021 | | | 16,000 | | | 179,360 | |
| | | SVC | | | 9/17/2020 | | | 12,000 | | | 134,520 | |
| | | SVC | | | 9/18/2019 | | | 4,000 | | | 44,840 | |
| | | SVC | | | 9/13/2018 | | | 1,700 | | | 19,057 | |
| | | FVE | | | 12/14/2020 | | | 1,600 | | | 7,008 | |
| | | FVE | | | 12/11/2019 | | | 1,200 | | | 5,256 | |
| | | FVE | | | 12/11/2018 | | | 600 | | | 2,628 | |
| | | FVE | | | 12/13/2017 | | | 300 | | | 1,314 | |
| | | TA | | | 12/2/2020 | | | 1,600 | | | 79,664 | |
| | | TA | | | 12/4/2019 | | | 1,800 | | | 89,622 | |
| | | TA | | | 11/28/2018 | | | 960 | | | 47,798 | |
| | | TA | | | 11/29/2017 | | | 480 | | | 23,899 | |
| | | TRMT(2) | | | 9/17/2020 | | | 1,548 | | | 15,960 | |
| | | | | | | Stock Awards | | ||||||||||||||||||
Name | | Company | | Date Granted | | Number of Shares or Units of Stock That Have Not Vested (#) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | | Company | | Date Granted | | | Stock Awards | | |||||||||
| | TRMT(2) | | 9/18/2019 | | 1,032 | | 10,640 | | |||||||||||||||||
| | TRMT(2) | | 9/13/2018 | | 516 | | | 5,320 | | ||||||||||||||||
| | | | | | | | 2,256,232 | | |||||||||||||||||
John G. Murray | | RMR | | 9/15/2021 | | 4,000 | | 133,800 | | |||||||||||||||||
Name | | Company | | Date Granted | | | Number of Shares or Units of Stock That Have Not Vested (#) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | ||||||||||||||||
| 9,600 | | 227,424 | | ||||||||||||||||||||||
| | RMR | | 9/17/2020 | | 3,000 | | 100,350 | | | RMR | | 9/15/2021 | | 6,000 | | 142,140 | | ||||||||
| | RMR | | 9/18/2019 | | 2,000 | | 66,900 | | | RMR | | 9/17/2020 | | 4,000 | | 94,760 | | ||||||||
| | RMR | | 9/13/2018 | | 800 | | 26,760 | | | RMR | | 9/18/2019 | | 2,000 | | 47,380 | | ||||||||
| | DHC | | 9/15/2021 | | 32,000 | | 108,480 | | | | | | | | | 511,704 | | ||||||||
Jennifer B. Clark | | RMR | | 9/14/2022 | | 4,800 | | 113,712 | | |||||||||||||||||
| | DHC | | 9/17/2020 | | 12,000 | | 40,680 | | | RMR | | 9/15/2021 | | 3,000 | | 71,070 | | ||||||||
| | DHC | | 9/18/2019 | | 4,000 | | 13,560 | | | RMR | | 9/17/2020 | | 2,000 | | 47,380 | | ||||||||
| | DHC | | 9/13/2018 | | 800 | | 2,712 | | |||||||||||||||||
| | ILPT | | 9/15/2021 | | 12,000 | | 304,920 | | |||||||||||||||||
| | ILPT | | 9/17/2020 | | 9,000 | | 228,690 | | |||||||||||||||||
| | ILPT | | 9/18/2019 | | 6,000 | | 152,460 | | |||||||||||||||||
| | ILPT | | 9/13/2018 | | 500 | | 12,705 | | |||||||||||||||||
| | OPI | | 9/15/2021 | | 8,000 | | 202,640 | | |||||||||||||||||
| | OPI | | 9/17/2020 | | 6,000 | | 151,980 | | |||||||||||||||||
| | OPI | | 9/18/2019 | | 4,000 | | 101,320 | | |||||||||||||||||
| | OPI | | 9/13/2018 | | 102 | | 2,584 | | |||||||||||||||||
| | SVC | | 9/15/2021 | | 24,000 | | 269,040 | | |||||||||||||||||
| | SVC | | 9/17/2020 | | 18,000 | | 201,780 | | |||||||||||||||||
| | SVC | | 9/18/2019 | | 6,000 | | 67,260 | | |||||||||||||||||
| | SVC | | 9/13/2018 | | 1,700 | | 19,057 | | |||||||||||||||||
| | FVE | | 12/14/2020 | | 1,600 | | 7,008 | | |||||||||||||||||
| | FVE | | 12/11/2019 | | 1,200 | | 5,256 | | |||||||||||||||||
| | FVE | | 12/11/2018 | | 56 | | 245 | | |||||||||||||||||
| | FVE | | 12/13/2017 | | 28 | | 123 | | |||||||||||||||||
| | TA | | 12/2/2020 | | 1,600 | | 79,664 | | |||||||||||||||||
| | TA | | 12/4/2019 | | 1,800 | | 89,622 | | |||||||||||||||||
| | TA | | 11/28/2018 | | 480 | | 23,899 | | |||||||||||||||||
| | TA | | 11/29/2017 | | 240 | | 11,950 | | |||||||||||||||||
| | TRMT(2) | | 9/17/2020 | | 1,548 | | 15,960 | | |||||||||||||||||
| | TRMT(2) | | 9/18/2019 | | 1,032 | | 10,640 | | |||||||||||||||||
| | TRMT(2) | | 9/13/2018 | | 258 | | | 2,660 | | ||||||||||||||||
| | | | | | | | 2,454,705 | | |||||||||||||||||
Matthew P. Jordan | | RMR | | 9/15/2021 | | 4,000 | | 133,800 | | |||||||||||||||||
| | RMR | | 9/17/2020 | | 3,000 | | 100,350 | | |||||||||||||||||
| | RMR | | 9/18/2019 | | 2,000 | | 66,900 | | |||||||||||||||||
| | RMR | | 9/13/2018 | | 800 | | 26,760 | | |||||||||||||||||
| | DHC | | 9/15/2021 | | 32,000 | | 108,480 | | |||||||||||||||||
| | DHC | | 9/17/2020 | | 12,000 | | 40,680 | | |||||||||||||||||
| | DHC | | 9/18/2019 | | 4,000 | | 13,560 | | |||||||||||||||||
| | DHC | | 9/13/2018 | | 800 | | 2,712 | | |||||||||||||||||
| | ILPT | | 9/15/2021 | | 8,000 | | 203,280 | | |||||||||||||||||
| | ILPT | | 9/17/2020 | | 6,000 | | 152,460 | | |||||||||||||||||
| | ILPT | | 9/18/2019 | | 4,000 | | 101,640 | | |||||||||||||||||
| | ILPT | | 9/13/2018 | | 500 | | 12,705 | |
| THE RMR GROUP INC. | | | | | |
| | | | | | | Stock Awards | | ||||||||||||||||||
Name | | Company | | Date Granted | | Number of Shares or Units of Stock That Have Not Vested (#) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | | Company | | Date Granted | | | Stock Awards | | |||||||||
| | OPI | | 9/15/2021 | | 8,000 | | 202,640 | | |||||||||||||||||
| | OPI | | 9/17/2020 | | 6,000 | | 151,980 | | |||||||||||||||||
| | OPI | | 9/18/2019 | | 4,000 | | 101,320 | | |||||||||||||||||
| | OPI | | 9/13/2018 | | 102 | | 2,584 | | |||||||||||||||||
| | SVC | | 9/15/2021 | | 16,000 | | 179,360 | | |||||||||||||||||
| | SVC | | 9/17/2020 | | 12,000 | | 134,520 | | |||||||||||||||||
| | SVC | | 9/18/2019 | | 4,000 | | 44,840 | | |||||||||||||||||
| | SVC | | 9/13/2018 | | 500 | | 5,605 | | |||||||||||||||||
| | FVE | | 12/14/2020 | | 1,600 | | 7,008 | | |||||||||||||||||
| | FVE | | 12/11/2019 | | 1,200 | | 5,256 | | |||||||||||||||||
| | FVE | | 12/11/2018 | | 56 | | 245 | | |||||||||||||||||
| | FVE | | 12/13/2017 | | 28 | | 123 | | |||||||||||||||||
| | TA | | 12/2/2020 | | 1,600 | | 79,664 | | |||||||||||||||||
| | TA | | 12/4/2019 | | 1,800 | | 89,622 | | |||||||||||||||||
| | TA | | 11/28/2018 | | 120 | | 5,975 | | |||||||||||||||||
| | TA | | 11/29/2017 | | 36 | | 1,792 | | |||||||||||||||||
| | TRMT(2) | | 9/17/2020 | | 1,548 | | 15,960 | | |||||||||||||||||
| | TRMT(2) | | 9/18/2019 | | 1,032 | | 10,640 | | |||||||||||||||||
| | TRMT(2) | | 9/13/2018 | | 258 | | | 2,660 | | ||||||||||||||||
| | | | | | | | 2,005,121 | | |||||||||||||||||
Jennifer F. Francis | | RMR | | 9/15/2021 | | 4,000 | | 133,800 | | |||||||||||||||||
Name | | Company | | Date Granted | | | Number of Shares or Units of Stock That Have Not Vested (#) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | ||||||||||||||||
| RMR | | 9/17/2020 | | 1,200 | | 40,140 | | | 1,000 | | 23,690 | | |||||||||||||
| | RMR | | 9/18/2019 | | 800 | | 26,760 | | | DHC | | 9/14/2022 | | 32,000 | | 31,683 | | ||||||||
| | RMR | | 9/13/2018 | | 300 | | 10,035 | | | DHC | | 9/15/2021 | | 24,000 | | 23,762 | | ||||||||
| | DHC | | 9/15/2021 | | 48,000 | | 162,720 | | | DHC | | 9/17/2020 | | 12,000 | | 11,881 | | ||||||||
| | DHC | | 9/17/2020 | | 18,000 | | 61,020 | | | DHC | | 9/18/2019 | | 4,000 | | 3,960 | | ||||||||
| | DHC | | 9/18/2019 | | 6,000 | | 20,340 | | | ILPT | | 9/14/2022 | | 12,000 | | 66,000 | | ||||||||
| | DHC | | 9/13/2018 | | 1,500 | | 5,085 | | | ILPT | | 9/15/2021 | | 6,000 | | 33,000 | | ||||||||
| | ILPT | | 9/15/2021 | | 8,000 | | 203,280 | | | ILPT | | 9/17/2020 | | 4,000 | | 22,000 | | ||||||||
| | ILPT | | 9/17/2020 | | 1,200 | | 30,492 | | | ILPT | | 9/18/2019 | | 2,000 | | 11,000 | | ||||||||
| | ILPT | | 9/18/2019 | | 800 | | 20,328 | | | OPI | | 9/14/2022 | | 14,400 | | 202,320 | | ||||||||
| | ILPT | | 9/13/2018 | | 200 | | 5,082 | | | OPI | | 9/15/2021 | | 9,000 | | 126,450 | | ||||||||
| | OPI | | 9/15/2021 | | 8,000 | | 202,640 | | | OPI | | 9/17/2020 | | 4,000 | | 56,200 | | ||||||||
| | OPI | | 9/17/2020 | | 1,200 | | 30,396 | | | OPI | | 9/18/2019 | | 2,000 | | 28,100 | | ||||||||
| | OPI | | 9/18/2019 | | 800 | | 20,264 | | | SVC | | 9/14/2022 | | 16,000 | | 83,040 | | ||||||||
| | OPI | | 9/13/2018 | | 102 | | 2,584 | | | SVC | | 9/15/2021 | | 12,000 | | 62,280 | | ||||||||
| | SVC | | 9/15/2021 | | 16,000 | | 179,360 | | | SVC | | 9/17/2020 | | 8,000 | | 41,520 | | ||||||||
| | SVC | | 9/17/2020 | | 2,400 | | 26,904 | | | SVC | | 9/18/2019 | | 2,000 | | 10,380 | | ||||||||
| | SVC | | 9/18/2019 | | 800 | | 8,968 | | | ALR | | 12/10/2021 | | 20,000 | | 18,998 | | ||||||||
| | SVC | | 9/13/2018 | | 340 | | 3,811 | | | ALR | | 12/14/2020 | | 1,200 | | 1,140 | | ||||||||
| | FVE | | 12/14/2020 | | 1,600 | | 7,008 | | | ALR | | 12/11/2019 | | 800 | | 760 | | ||||||||
| | FVE | | 12/11/2019 | | 1,200 | | 5,256 | | | ALR | | 12/11/2018 | | 300 | | 285 | | ||||||||
| | FVE | | 12/11/2018 | | 56 | | 245 | | | TA | | 12/13/2021 | | 2,800 | | 151,004 | | ||||||||
| | FVE | | 12/13/2017 | | 28 | | 123 | | | TA | | 12/2/2020 | | 1,200 | | 64,716 | | ||||||||
| | TA | | 12/2/2020 | | 1,600 | | 79,664 | | | TA | | 12/4/2019 | | 1,200 | | 64,716 | | ||||||||
| | TA | | 12/4/2019 | | 162 | | 8,066 | | | TA | | 11/28/2018 | | 480 | | 25,886 | | ||||||||
| | TA | | 11/28/2018 | | 72 | | 3,585 | | | SEVN | | 9/14/2022 | | 4,000 | | 36,480 | | ||||||||
| | SEVN | | 10/1/2021 | | 4,000 | | 36,480 | | |||||||||||||||||
| | SEVN | | 9/17/2020 | | 1,032 | | 9,412 | | |||||||||||||||||
| | SEVN | | 9/18/2019 | | 516 | | 4,706 | | |||||||||||||||||
| | | | | | | | 1,484,011 | | |||||||||||||||||
Matthew P. Jordan | | RMR | | 9/14/2022 | | 4,800 | | 113,712 | | |||||||||||||||||
| | RMR | | 9/15/2021 | | 3,000 | | 71,070 | | |||||||||||||||||
| | RMR | | 9/17/2020 | | 2,000 | | 47,380 | | |||||||||||||||||
| | RMR | | 9/18/2019 | | 1,000 | | 23,690 | | |||||||||||||||||
| | DHC | | 9/14/2022 | | 32,000 | | 31,683 | | |||||||||||||||||
| | DHC | | 9/15/2021 | | 24,000 | | 23,762 | | |||||||||||||||||
| | DHC | | 9/17/2020 | | 8,000 | | 7,921 | | |||||||||||||||||
| | DHC | | 9/18/2019 | | 2,000 | | 1,980 | | |||||||||||||||||
| | ILPT | | 9/14/2022 | | 16,000 | | 88,000 | | |||||||||||||||||
| | ILPT | | 9/15/2021 | | 6,000 | | 33,000 | | |||||||||||||||||
| | ILPT | | 9/17/2020 | | 4,000 | | 22,000 | | |||||||||||||||||
| | ILPT | | 9/18/2019 | | 2,000 | | 11,000 | | |||||||||||||||||
| | OPI | | 9/14/2022 | | 9,600 | | 134,880 | | |||||||||||||||||
| | OPI | | 9/15/2021 | | 6,000 | | 84,300 | | |||||||||||||||||
| | OPI | | 9/17/2020 | | 4,000 | | 56,200 | | |||||||||||||||||
| | OPI | | 9/18/2019 | | 2,000 | | 28,100 | | |||||||||||||||||
| | SVC | | 9/14/2022 | | 16,000 | | 83,040 | | |||||||||||||||||
| | SVC | | 9/15/2021 | | 12,000 | | 62,280 | |
| | | | | |
Name | | | Company | | | Date Granted | | | Stock Awards | | |||
| Number of Shares or Units of Stock That Have Not Vested (#) | | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | ||||||||
| | | SVC | | | 9/17/2020 | | | 8,000 | | | 41,520 | |
| | | SVC | | | 9/18/2019 | | | 2,000 | | | 10,380 | |
| | | ALR | | | 12/10/2021 | | | 12,000 | | | 11,399 | |
| | | ALR | | | 12/14/2020 | | | 1,200 | | | 1,140 | |
| | | ALR | | | 12/11/2019 | | | 800 | | | 760 | |
| | | ALR | | | 12/11/2018 | | | 28 | | | 27 | |
| | | TA | | | 12/13/2021 | | | 2,800 | | | 151,004 | |
| | | TA | | | 12/2/2020 | | | 1,200 | | | 64,716 | |
| | | TA | | | 12/4/2019 | | | 1,200 | | | 64,716 | |
| | | TA | | | 11/28/2018 | | | 60 | | | 3,236 | |
| | | SEVN | | | 9/14/2022 | | | 8,000 | | | 72,960 | |
| | | SEVN | | | 10/1/2021 | | | 8,000 | | | 72,960 | |
| | | SEVN | | | 9/17/2020 | | | 1,032 | | | 9,412 | |
| | | SEVN | | | 9/18/2019 | | | 516 | | | 4,706 | |
| | | | | | | | | | | | 1,432,934 | |
Jennifer F. Francis | | | RMR | | | 9/14/2022 | | | 4,800 | | | 113,712 | |
| | | RMR | | | 9/15/2021 | | | 3,000 | | | 71,070 | |
| | | RMR | | | 9/17/2020 | | | 800 | | | 18,952 | |
| | | RMR | | | 9/18/2019 | | | 400 | | | 9,476 | |
| | | DHC | | | 9/14/2022 | | | 48,000 | | | 47,525 | |
| | | DHC | | | 9/15/2021 | | | 36,000 | | | 35,644 | |
| | | DHC | | | 9/17/2020 | | | 12,000 | | | 11,881 | |
| | | DHC | | | 9/18/2019 | | | 3,000 | | | 2,970 | |
| | | ILPT | | | 9/14/2022 | | | 12,000 | | | 66,000 | |
| | | ILPT | | | 9/15/2021 | | | 6,000 | | | 33,000 | |
| | | ILPT | | | 9/17/2020 | | | 800 | | | 4,400 | |
| | | ILPT | | | 9/18/2019 | | | 400 | | | 2,200 | |
| | | OPI | | | 9/14/2022 | | | 9,600 | | | 134,880 | |
| | | OPI | | | 9/15/2021 | | | 6,000 | | | 84,300 | |
| | | OPI | | | 9/17/2020 | | | 800 | | | 11,240 | |
| | | OPI | | | 9/18/2019 | | | 400 | | | 5,620 | |
| | | SVC | | | 9/14/2022 | | | 16,000 | | | 83,040 | |
| | | SVC | | | 9/15/2021 | | | 12,000 | | | 62,280 | |
| | | SVC | | | 9/17/2020 | | | 1,600 | | | 8,304 | |
| | | SVC | | | 9/18/2019 | | | 400 | | | 2,076 | |
| | | ALR | | | 12/10/2021 | | | 12,000 | | | 11,399 | |
| | | ALR | | | 12/14/2020 | | | 1,200 | | | 1,140 | |
| | | ALR | | | 12/11/2019 | | | 800 | | | 760 | |
| | | ALR | | | 12/11/2018 | | | 28 | | | 27 | |
| | | TA | | | 12/13/2021 | | | 2,800 | | | 151,004 | |
| | | TA | | | 12/2/2020 | | | 1,200 | | | 64,716 | |
| | | TA | | | 12/4/2019 | | | 108 | | | 5,824 | |
| | | TA | | | 11/28/2018 | | | 36 | | | 1,941 | |
| | | SEVN | | | 9/14/2022 | | | 4,000 | | | 36,480 | |
| | | SEVN | | | 10/1/2021 | | | 4,000 | | | 36,480 | |
| | | SEVN | | | 9/17/2020 | | | 206 | | | 1,879 | |
| | | SEVN | | | 9/18/2019 | | | 104 | | | 948 | |
| | | | | | | | | | | | 1,121,168 | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement 39 | |
Name | | | Company | | | Date Granted | | | Stock Awards | | |||
| Number of Shares or Units of Stock That Have Not Vested (#) | | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | ||||||||
John G. Murray | | | RMR | | | 9/14/2022 | | | 4,800 | | | 113,712 | |
| | | RMR | | | 9/15/2021 | | | 3,000 | | | 71,070 | |
| | | RMR | | | 9/17/2020 | | | 2,000 | | | 47,380 | |
| | | RMR | | | 9/18/2019 | | | 1,000 | | | 23,690 | |
| | | DHC | | | 9/14/2022 | | | 32,000 | | | 31,683 | |
| | | DHC | | | 9/15/2021 | | | 24,000 | | | 23,762 | |
| | | DHC | | | 9/17/2020 | | | 8,000 | | | 7,921 | |
| | | DHC | | | 9/18/2019 | | | 2,000 | | | 1,980 | |
| | | ILPT | | | 9/14/2022 | | | 12,000 | | | 66,000 | |
| | | ILPT | | | 9/15/2021 | | | 9,000 | | | 49,500 | |
| | | ILPT | | | 9/17/2020 | | | 6,000 | | | 33,000 | |
| | | ILPT | | | 9/18/2019 | | | 3,000 | | | 16,500 | |
| | | OPI | | | 9/14/2022 | | | 9,600 | | | 134,880 | |
| | | OPI | | | 9/15/2021 | | | 6,000 | | | 84,300 | |
| | | OPI | | | 9/17/2020 | | | 4,000 | | | 56,200 | |
| | | OPI | | | 9/18/2019 | | | 2,000 | | | 28,100 | |
| | | SVC | | | 9/14/2022 | | | 24,000 | | | 124,560 | |
| | | SVC | | | 9/15/2021 | | | 18,000 | | | 93,420 | |
| | | SVC | | | 9/17/2020 | | | 12,000 | | | 62,280 | |
| | | SVC | | | 9/18/2019 | | | 3,000 | | | 15,570 | |
| | | ALR | | | 12/10/2021 | | | 12,000 | | | 11,399 | |
| | | ALR | | | 12/14/2020 | | | 1,200 | | | 1,140 | |
| | | ALR | | | 12/11/2019 | | | 800 | | | 760 | |
| | | ALR | | | 12/11/2018 | | | 28 | | | 27 | |
| | | TA | | | 12/13/2021 | | | 2,800 | | | 151,004 | |
| | | TA | | | 12/2/2020 | | | 1,200 | | | 64,716 | |
| | | TA | | | 12/4/2019 | | | 1,200 | | | 64,716 | |
| | | TA | | | 11/28/2018 | | | 240 | | | 12,943 | |
| | | SEVN | | | 9/14/2022 | | | 4,000 | | | 36,480 | |
| | | SEVN | | | 10/1/2021 | | | 4,000 | | | 36,480 | |
| | | SEVN | | | 9/17/2020 | | | 1,032 | | | 9,412 | |
| | | SEVN | | | 9/18/2019 | | | 516 | | | 4,706 | |
| | | | | | | | | | | | 1,479,291 | |
Jonathan M. Pertchik | | | RMR | | | 9/14/2022 | | | 4,800 | | | 113,712 | |
| | | RMR | | | 9/15/2021 | | | 3,000 | | | 71,070 | |
| | | RMR | | | 9/17/2020 | | | 2,000 | | | 47,380 | |
| | | DHC | | | 9/14/2022 | | | 32,000 | | | 31,683 | |
| | | DHC | | | 9/15/2021 | | | 24,000 | | | 23,762 | |
| | | DHC | | | 9/17/2020 | | | 4,000 | | | 3,960 | |
| | | ILPT | | | 9/14/2022 | | | 12,000 | | | 66,000 | |
| | | ILPT | | | 9/15/2021 | | | 6,000 | | | 33,000 | |
| | | ILPT | | | 9/17/2020 | | | 2,000 | | | 11,000 | |
| | | OPI | | | 9/14/2022 | | | 9,600 | | | 134,880 | |
| | | OPI | | | 9/15/2021 | | | 6,000 | | | 84,300 | |
| | | OPI | | | 9/17/2020 | | | 2,000 | | | 28,100 | |
| | | SVC | | | 9/14/2022 | | | 16,000 | | | 83,040 | |
| | | SVC | | | 9/15/2021 | | | 12,000 | | | 62,280 | |
| | | SVC | | | 9/17/2020 | | | 8,000 | | | 41,520 | |
| 40 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| | | | | | | Stock Awards | | ||||||||||||||||||
Name | | Company | | Date Granted | | Number of Shares or Units of Stock That Have Not Vested (#) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | | Company | | Date Granted | | | Stock Awards | | |||||||||
| | TA | | 11/29/2017 | | 36 | | 1,792 | | |||||||||||||||||
| | TRMT(2) | | 9/17/2020 | | 309 | | 3,186 | | |||||||||||||||||
| | TRMT(2) | | 9/18/2019 | | 206 | | 2,124 | | |||||||||||||||||
| | TRMT(2) | | 9/13/2018 | | 103 | | | 1,062 | | ||||||||||||||||
| | | | | | | | 1,306,120 | | |||||||||||||||||
Jonathan M. Pertchik | | RMR | | 9/15/2021 | | 4,000 | | 133,800 | | |||||||||||||||||
Name | | Company | | Date Granted | | | Number of Shares or Units of Stock That Have Not Vested (#) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | ||||||||||||||||
| RMR | | 9/17/2020 | | 3,000 | | 100,350 | | | 12,000 | | 11,399 | | |||||||||||||
| | DHC | | 9/15/2021 | | 32,000 | | 108,480 | | | ALR | | 12/14/2020 | | 1,200 | | 1,140 | | ||||||||
| | DHC | | 9/17/2020 | | 6,000 | | 20,340 | | | TA | | 12/13/2021 | | 90,000 | | 4,853,700 | | ||||||||
| | ILPT | | 9/15/2021 | | 8,000 | | 203,280 | | | TA | | 12/2/2020 | | 30,000 | | 1,617,900 | | ||||||||
| | ILPT | | 9/17/2020 | | 3,000 | | 76,230 | | | TA | | 12/16/2019 | | 20,000 | | 1,078,600 | | ||||||||
| | OPI | | 9/15/2021 | | 8,000 | | 202,640 | | | SEVN | | 9/14/2022 | | 4,000 | | 36,480 | | ||||||||
| | OPI | | 9/17/2020 | | 3,000 | | 75,990 | | | SEVN | | 10/1/2021 | | 4,000 | | 36,480 | | ||||||||
| | SVC | | 9/15/2021 | | 16,000 | | 179,360 | | | SEVN | | 9/17/2020 | | 516 | | 4,706 | | ||||||||
| | SVC | | 9/17/2020 | | 12,000 | | 134,520 | | | | | | | | | 8,476,092 | | ||||||||
| | FVE | | 12/14/2020 | | 1,600 | | 7,008 | | |||||||||||||||||
| | TA | | 12/2/2020 | | 40,000 | | 1,991,600 | | |||||||||||||||||
| | TA | | 12/16/2019 | | 30,000 | | 1,493,700 | | |||||||||||||||||
| | TRMT(2) | | 9/17/2020 | | 774 | | | 7,980 | | ||||||||||||||||
| | | | | | | | 4,735,278 | |
| | | Stock Awards | | ||||||||||
Name | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($)(1) | | | | Stock Awards | | |||||
Adam Portnoy(2) | | 9,200 | | 311,480 | | |||||||||
Name | | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($)(1) | | ||||||||
| 10,000 | | 259,956 | | ||||||||||
Jennifer B. Clark(3) | | 4,600 | | 155,740 | | | 5,000 | | 129,978 | | ||||
John G. Murray | | 4,600 | | 155,740 | | |||||||||
Matthew P. Jordan | | 4,600 | | 155,740 | | | 5,000 | | 129,978 | | ||||
Jennifer F. Francis | | 2,400 | | 81,212 | | | 3,300 | | 86,039 | | ||||
John G. Murray | | 5,000 | | 129,978 | | |||||||||
Jonathan M. Pertchik | | 2,000 | | 67,490 | | | 3,200 | | 83,292 | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement 41 | |
Name | | Number of Shares Vested Upon Termination Event (#) | | Value Realized on Termination Event as of September 30, 2021 ($)(1) | | | Number of Shares Vested Upon Termination Event (#) | | Value Realized on Termination Event as of September 30, 2022 ($)(1) | | ||||
Adam Portnoy | | 19,600 | | 655,620 | | |||||||||
Adam D. Portnoy | | 21,600 | | 511,704 | | |||||||||
Jennifer B. Clark | | 9,800 | | 327,810 | | | 10,800 | | 255,852 | | ||||
John G. Murray | | 9,800 | | 327,810 | | |||||||||
Matthew P. Jordan | | 9,800 | | 327,810 | | | 10,800 | | 255,852 | | ||||
Jennifer F. Francis | | 6,300 | | 210,735 | | | 9,000 | | 213,210 | | ||||
John G. Murray | | 10,800 | | 255,852 | | |||||||||
Jonathan M. Pertchik | | 7,000 | | 234,150 | | | 9,800 | | 232,162 | |
| 42 THE RMR GROUP INC. | | | | |
Year | | | Awards Granted (number of shares) | | | Weighted Average Class A Common Shares Outstanding | |
2019 | | | 90,400 | | | 15,132,000 | |
2020 | | | 111,700 | | | 15,194,000 | |
2021 | | | 114,300 | | | 15,266,000 | |
|
| THE RMR GROUP INC. | | | | | |
| | 2021 Fees | | | 2020 Fees | | |||||||
Audit Fees | | | | $ | 517,000 | | | | | $ | 447,652 | | |
Audit Related Fees | | | | | — | | | | | | — | | |
Tax Fees | | | | | — | | | | | | — | | |
All Other Fees | | | | | 812 | | | | | | 948 | | |
| | 2020 Fees | | |||||||||||||||||
| 2022 Fees | | 2021 Fees | | ||||||||||||||||
Audit Fees | | | $ | 176,490 | | | | | $ | 590,240 | | | | $ | 517,000 | | | |||
Audit Related Fees | | | | — | | | | | | — | | | | | — | | | |||
Tax Fees | | | | — | | | | | | — | | | | | — | | | |||
All Other Fees | | | | 992 | | | | | | 948 | | | | | 812 | | |
| | | | | |
| THE RMR GROUP INC. | | | | | |
| | | | | |
| THE RMR GROUP INC. | | | | | |
| 48 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement 49 | |
| 50 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| | | | | |
| 52 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| THE RMR GROUP INC. | | | | |
|
| A-1 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| | For the Fiscal Year Ended September 30, 2022 | | | |||
Managed Public Real Estate Capital:(1) | | | | | | | |
DHC | | | $188,113 | | | | |
ILPT | | | 64,947 | | | | |
OPI | | | 350,343 | | | ||
SVC | | | 112,037 | | | | |
Total Managed Equity REITs | | | 715,440 | | | | |
SEVN | | | 10,222 | | | | |
| | | 725,662 | | | | |
Managed Private Real Estate Capital:(1) | | | | | | | |
ABP Trust | | | 29,937 | | | ||
Other private entities | | | 44,480 | | | | |
| | | 74,417 | | | | |
Managed Operating Companies: | | | | | | | |
ALR | | | 5,217 | | | ||
Sonesta | | | 9,122 | | | | |
TA | | | 17,986 | | | | |
| | | 32,325 | | | | |
| | | $832,404 | | | (2) | |
| | | | | |
| | For the Fiscal Year Ended September 30, 2021 | | | | | |
Managed Public Real Estate Capital: | | | | | | | |
DHC | | | $171,518 | | | | |
ILPT | | | 37,839 | | | | |
OPI | | | 243,602 | | | | |
SVC | | | 79,406 | | | | |
Total Managed Equity REITs | | | 532,365 | | | | |
SEVN(1) | | | 4 ,927 | | | | |
TRMT(1) | | | 5,398 | | | | |
| | | 542,690 | | | ||
Managed Private Real Estate Capital: | | | | | | ||
ABP Trust | | | 27,619 | | | ||
Other private entities | | | 9,777 | | | ||
| | | 37,396 | | | ||
Managed Operating Companies: | | | | | | ||
FVE | | | 7,491 | | | ||
Sonesta | | | 4,693 | | | ||
TA | | | 14,501 | | | | |
| | | 26,685 | | | | |
| | | $606,771 | | | (2) | |
| A-3 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement A-4 | |
| A-5 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement A-6 | |
| A-7 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement A-8 | |
| A-9 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |
| THE RMR GROUP INC. | | | | | 2023 Proxy Statement A-10 | |
| A-11 THE RMR GROUP INC. | | | | | 2023 Proxy Statement | |