Alexander's (ALX) Proxy filing summary

Executive summary

• The annual meeting will be held virtually on May 21, 2026, to elect directors, approve the 2026 Omnibus Stock Plan, hold a say-on-pay vote, and ratify the auditor.

• Interstate Properties and Vornado Realty Trust collectively own about 58% of shares and are expected to vote in favor of all proposals.

• Proxy materials are available online, and shareholders can vote via internet, phone, or mail.

Voting matters and shareholder proposals

• Shareholders will vote on electing three directors for three-year terms, approving the 2026 Omnibus Stock Plan, a non-binding say-on-pay proposal, and ratifying Deloitte & Touche LLP as auditor.

• The 2026 Omnibus Stock Plan will replace the 2016 plan, with 500,000 shares available for awards.

• Shareholder proposals and nominations for the 2027 meeting must be submitted between December 22, 2026, and January 21, 2027.

Board of directors and corporate governance

• The board has seven members divided into three classes; six of seven directors are independent.

• The company is a "controlled company" under NYSE rules and is exempt from some governance standards.

• The board has Audit and Compensation Committees but no Nominating Committee.

• Directors are selected based on diverse skills, experience, and integrity.

• The Chairman and CEO roles are combined; the board believes this structure is appropriate.