Alexandria Real Estate approves $500M stock buyback; CDO Ciruzzi to retire Dec 31

ALEXANDRIA REAL ESTATE EQUITIES, INC.

Board authorized up to $500M common stock repurchase through Dec 31, 2025; funded on leverage-neutral basis.
Vincent R. Ciruzzi, Chief Development Officer since 2015, resigns effective Dec 31, 2024 after nearly 30 years.
Executive Chairman Joel S. Marcus's employment amended: future awards lose full pre-vest dividends; termination trigger set to Dec 31, 2028.
Bylaws amended to let stockholders amend bylaws by majority vote and designate federal courts as exclusive forum for Securities Act claims.

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