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Howard Hughes Holdings Inc.
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"Incentive"
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| Financial Metric thousands | | | Target | | | Actual | | | Percentage Achieved | | |||||||||
| Operating Assets NOI(1)(2) | | | | $ | 223,217 | | | | | $ | 233,640 | | | | | | 105% | | |
| MPC Earnings Before Taxes (MPC EBT)(1) | | | | $ | 199,087 | | | | | $ | 341,419 | | | | | | 171% | | |
| Condominium Profit(1) | | | | $ | 14,691 | | | | | $ | 8,416 | | | | | | 57% | | |
| Name and Principal Position | | | Year | | | Salary ($) | | | Bonus(1) ($) | | | Stock Awards(2) ($) | | | Option Awards ($) | | | Non-Equity Incentive Plan Compensation(3) ($) | | | All Other Compensation(4) ($) | | | Total ($) | | ||||||||||||||||||||||||
| David O’Reilly Chief Executive Officer | | | | | 2023 | | | | | | 750,000 | | | | | | — | | | | | | 2,321,025 | | | | | | — | | | | | | 1,725,000 | | | | | | 170,971 | | | | | | 4,966,996 | | |
| | | 2022 | | | | | | 750,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,800,000 | | | | | | 15,250 | | | | | | 2,565,250 | | | |||
| | | 2021 | | | | | | 750,000 | | | | | | — | | | | | | 1,286,662 | | | | | | — | | | | | | 1,800,000 | | | | | | 14,500 | | | | | | 3,851,162 | | | |||
| L. Jay Cross President | | | | | 2023 | | | | | | 750,000 | | | | | | — | | | | | | 1,856,755 | | | | | | — | | | | | | 2,242,500 | | | | | | 319,684 | | | | | | 5,168,939 | | |
| | | 2022 | | | | | | 750,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,340,000 | | | | | | 15,250 | | | | | | 3,105,250 | | | |||
| | | 2021 | | | | | | 750,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,340,000 | | | | | | 14,500 | | | | | | 3,104,500 | | | |||
| Carlos A. Olea Chief Financial Officer | | | | | 2023 | | | | | | 500,000 | | | | | | — | | | | | | 979,935 | | | | | | — | | | | | | 900,000 | | | | | | 35,781 | | | | | | 2,415,716 | | |
| | | 2022 | | | | | | 495,019 | | | | | | — | | | | | | 313,309 | | | | | | — | | | | | | 900,000 | | | | | | 15,250 | | | | | | 1,723,578 | | | |||
| | | 2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||
| Peter Riley Former General Counsel & Secretary | | | | | 2023 | | | | | | 447,664 | | | | | | — | | | | | | 825,178 | | | | | | — | | | | | | — | | | | | | 1,854,289 | | | | | | 3,127,130 | | |
| | | 2022 | | | | | | 554,231 | | | | | | — | | | | | | 795,710 | | | | | | — | | | | | | 992,712 | | | | | | 15,250 | | | | | | 2,357,903 | | | |||
| | | 2021 | | | | | | 550,000 | | | | | | — | | | | | | 686,230 | | | | | | — | | | | | | 1,120,000 | | | | | | 14,500 | | | | | | 2,370,730 | | | |||
| Anton Nikodemus CEO, Seaport Entertainment | | | | | 2023 | | | | | | 4,808 | | | | | | — | | | | | | 2,400,020 | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,404,828 | | |
| | | 2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||
| Kristi Smith President, Columbia Region | | | | | 2023 | | | | | | 164,423 | | | | | | 482,500 | | | | | | 940,248 | | | | | | — | | | | | | — | | | | | | 1,423 | | | | | | 1,588,594 | | |
| | | 2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Name of Executive Officer | | | Performance- Based Shares (#) | | | Time- Based Shares (#) | | | Total (#) | | |||||||||
| David O’Reilly (Annual Grant) | | | | | 15,012 | | | | | | 12,764 | | | | | | 27,776 | | |
| L. Jay Cross (Annual Grant) | | | | | 12,009 | | | | | | 10,211 | | | | | | 22,220 | | |
| Carlos Olea (Annual Grant) | | | | | 6,338 | | | | | | 5,389 | | | | | | 11,727 | | |
| Peter Riley (Annual Grant) | | | | | 5,337 | | | | | | 4,538 | | | | | | 9,875 | | |
| Anton Nikodemus (Initial Grant) | | | | | – | | | | | | 28,045 | | | | | | 28,045 | | |
| Kristi Smith (Initial Grant) | | | | | – | | | | | | 12,101 | | | | | | 12,101 | | |
| | | | | | | | | | | | | | | | Estimated Possible Payouts Under Non-Equity Incentive Plan Awards(2) | | | Estimated Future Payouts Under Equity Incentive Plan Awards(3) | | | All Other Stock Awards: Number of Shares of Stock or Units (#)(4) | | | Grant Date Fair Value of Stock Awards and Option Awards ($)(5) | | ||||||||||||||||||||||||||||||||||||
| Name | | | Type of Award(1) | | | Grant Date | | | Threshold ($) | | | Target ($) | | | Maximum ($) | | | Threshold (#) | | | Target (#) | | | Maximum (#) | | ||||||||||||||||||||||||||||||||||||
| David O’Reilly | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | AICA | | | | | | — | | | | | | 1,200,000 | | | | | | 1,500,000 | | | | | | 1,800,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | | PBRS | | | | | | 03/23/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | 0 | | | | | | 15,012 | | | | | | 30,024 | | | | | | — | | | | | | 1,196,006 | | |
| | | | | | TBRS | | | | | | 02/02/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,764 | | | | | | 1,125,019 | | |
| L. Jay Cross | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | AICA | | | | | | — | | | | | | 1,560,000 | | | | | | 1,950,000 | | | | | | 2,340,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | | PBRS | | | | | | 03/23/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | 0 | | | | | | 12,009 | | | | | | 24,018 | | | | | | — | | | | | | 956,757 | | |
| | | | | | TBRS | | | | | | 02/02/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,211 | | | | | | 899,998 | | |
| Carlos A. Olea | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | AICA | | | | | | — | | | | | | 600,000 | | | | | | 750,000 | | | | | | 900,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | | PBRS | | | | | | 03/23/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | 0 | | | | | | 6.338 | | | | | | 12,676 | | | | | | — | | | | | | 504,948 | | |
| | | | | | TBRS | | | | | | 02/02/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,389 | | | | | | 474,986 | | |
| Peter F. Riley | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | AICA | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | | PBRS | | | | | | 03/23/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | 0 | | | | | | 5,337 | | | | | | 10,674 | | | | | | — | | | | | | 425,199 | | |
| | | | | | TBRS | | | | | | 02/02/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,538 | | | | | | 399,979 | | |
| Anton Nikodemus | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | AICA | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | | PBRS | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | | TBRS | | | | | | 12/29/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 28,054 | | | | | | 2,240,020 | | |
| Kristi Smith | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | AICA | | | | | | — | | | | | | — | | | | | | 475,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | | PBRS | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | | TBRS | | | | | | 08/28/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,101 | | | | | | 940,248 | | |
|
| | | | Option Awards | | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||
| Name | | | Number of Securities Underlying Unexercised Options Exercisable (#) | | | Number of Securities Underlying Unexercised Options Unexercisable (#) | | | Option Exercise Price ($) | | | Option Expiration Date | | | Number of Shares or Units of Stock That Have Not Vested(1) (#) | | | Market Value of Shares or Units of Stock That Have Not Vested** ($) | | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested(2) (#) | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested** ($) | | ||||||||||||||||||||||||
| David O’Reilly | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 03/23/2023 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 15,012 | | | | | | 1,284,277 | | |
| 02/02/2023 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,764(3) | | | | | | 1,091,960 | | | | | | — | | | | | | — | | |
| 02/08/2021 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,176(6) | | | | | | 271,707 | | | | | | — | | | | | | — | | |
| 02/08/2021 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,832 | | | | | | 203,780 | | |
| 11/30/2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,641(8) | | | | | | 397,038 | | | | | | – | | | | | | – | | |
| 11/30/2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,480 | | | | | | 297,740 | | |
| 11/30/2020 | | | | | — | | | | | | 17,965(5) | | | | | | 72.73 | | | | | | 11/30/2030 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| 02/12/2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,052(7) | | | | | | 89,999 | | | | | | — | | | | | | — | | |
| 02/12/2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,578 | | | | | | 134,972 | | |
| L. Jay Cross | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 03/23/2023 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,009 | | | | | | 1,027,370 | | |
| 02/02/2023 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,211(3) | | | | | | 873,551 | | | | | | — | | | | | | — | | |
| 12/01/2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,712(9) | | | | | | 317,562 | | | | | | — | | | | | | — | | |
| 12/01/2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,784 | | | | | | 238,171 | | |
| 12/01/2020 | | | | | — | | | | | | 14,372(5) | | | | | | 74.76 | | | | | | 12/01/2030 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Carlos A. Olea | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 03/23/2023 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,338 | | | | | | 542,216 | | |
| 02/02/2023 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,389(3) | | | | | | 461,029 | | | | | | — | | | | | | — | | |
| 02/22/2022 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 574(4) | | | | | | 49,106 | | | | | | — | | | | | | — | | |
| 02/22/2022 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,026 | | | | | | 173,290 | | |
| 02/08/2021 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 318(6) | | | | | | 27,205 | | | | | | — | | | | | | — | | |
| 02/08/2021 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 238 | | | | | | 20,378 | | |
| 02/12/2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 120(7) | | | | | | 10,266 | | | | | | — | | | | | | — | | |
| 02/12/2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 179 | | | | | | 15,348 | | |
| Anton Nikodemus | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 12/29/2023 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 28,054(10) | | | | | | — | | | | | | — | | | | | | 2,400,020 | | |
| Kristi Smith | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 08/28/2023 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,101(11) | | | | | | — | | | | | | — | | | | | | 1,035,241 | | |