Seaport Entertainment Group (SEG) Proxy filing summary

Executive summary

• Achieved 90% planned occupancy at the Seaport in NYC, with over 153,000 sq. ft. leased and programmed for diverse experiences, including retail, events, and food & beverage.

• Rooftop at Pier 17 had record visitation, winning the 2026 Rolling Stone Audio Awards for Best Outdoor Music Venue.

• Las Vegas Ballpark hosted the Aviators' championship season and expanded non-baseball events to drive off-season traffic.

• Sold 250 Water Street in January 2026, strengthening the balance sheet, and repositioned the Tin Building with a long-term lease for the Balloon Museum.

• Focus remains on curated guest experiences and sustainable cash flow, supported by a resilient team and disciplined execution.

Voting matters and shareholder proposals

• Election of five director nominees to serve until the 2027 annual meeting.

• Ratification of Grant Thornton LLP as independent registered public accounting firm for fiscal year ending December 31, 2026.

• Board recommends voting FOR all director nominees and FOR the auditor ratification.

• Only stockholders of record as of April 16, 2026, are entitled to vote.

• Proxy materials are available online, and voting can be done by internet, phone, mail, or during the virtual meeting.

Board of directors and corporate governance

• Board consists of five members, three of whom are independent under NYSE rules.

• Pershing Square Capital Management has the right to nominate one director; Anthony F. Massaro is their nominee.

• Committees include Audit, Compensation, and Nominating and Corporate Governance, all composed of independent directors.

• Board held 16 meetings in 2025; all directors attended at least 75% of meetings.

• Corporate governance guidelines and a code of conduct are in place, with stock ownership and insider trading policies for directors and executives.