Millrose Properties (MRP) Proxy filing summary

Executive summary

• Annual Meeting scheduled for May 18, 2026, to elect five directors and ratify Deloitte & Touche LLP as auditor for 2026.

• All proxy materials are available online, with options for electronic or paper delivery to reduce costs and environmental impact.

• Voting is open to holders of Class A and Class B common stock as of March 23, 2026, with different voting rights per class.

• The company is externally managed by Kennedy Lewis Land and Residential Advisors LLC, with no direct employees.

Voting matters and shareholder proposals

• Proposals include electing five directors for one-year terms and ratifying Deloitte & Touche LLP as independent auditor.

• Board recommends voting for all director nominees and for auditor ratification.

• Shareholders may submit proposals for the 2027 meeting by December 4, 2026, and director nominations must follow bylaw procedures.

Board of directors and corporate governance

• Board consists of five independent directors with diverse backgrounds in finance, real estate, law, HR, and operations.

• Committees: Audit (Bartels, Lynch, Migoya), Compensation (Mincey, Lynch, Bartels), Nominating & Governance (Gorson, Migoya, Mincey).

• Board met eleven times in 2025; all directors attended over 75% of meetings.

• Independent Chair structure enhances oversight and accountability.

• Stock ownership guidelines require non-employee directors to hold shares equal to three times annual cash compensation.