Lance K. Parker

President and Chief Executive Officer at Alexander & Baldwin

Board

Since July 1, 2023

Age

50 years

Tenure

Served as President before being appointed as Chief Executive Officer on July 1, 2023.

Also at Alexander & Baldwin

CKC

Clayton K.Y. Chun

EVP, Chief Financial Officer, Treasurer

About

Lance K. Parker is the current President and Chief Executive Officer of Alexander & Baldwin, Inc. Known for his leadership, he has played a central role in guiding the company’s strategic direction.

Before assuming the dual role of President and CEO effective July 1, 2023, he served in key leadership positions at the company, where he built a reputation for diligent oversight and commitment to operational excellence.

While detailed personal background and educational history have not been disclosed in the available information, his professional journey at Alexander & Baldwin, Inc. highlights a focus on robust corporate governance and financial stewardship, as evidenced by his role in signing critical financial reports.

His appointment to the top executive role marks a significant milestone in his career, emphasizing the trust and confidence placed in his leadership during a period of transformative corporate developments.

$ALEX Performance Under Lance K. Parker

Past Roles

Organization	Role	Date Range	Details
A&B	President	January 2023 - July 2023*	Held prior to CEO appointment
A&B	Chief Operating Officer	November 2021 - June 2023	Held prior to CEO appointment
A&B	Executive Vice President	March 2018 - December 2022	Held prior to CEO appointment
A&B	Chief Real Estate Officer	October 2017 - October 2021	Held prior to CEO appointment
A&B Properties Hawaii, LLC (ABP)	President	From September 2015	Held prior to CEO appointment
A&B Properties Hawaii, LLC (ABP)	Senior Vice President	June 2013 - August 2015	Held prior to CEO appointment

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$618,998	N/A	Includes accrued unused vacation pay
All Other Compensation	$85,253	N/A	Includes $53,903 under the Nonqualified Defined Contribution Plan and other unspecified components

Performance Compensation

Data from FY 2023

Non-Equity Incentive Plan Compensation

Metric	Threshold	Target	Maximum	Weight	Additional Details
Annual Payout Amount	$216,650	$433,300	$866,600	N/A	Based on financial, operating, and individual goals

Equity Incentive Plan Awards - PSUs

Component	Details
Performance Metric: TSR	35th percentile as threshold; 50th percentile as target; 75th percentile as maximum; weight is 75%
Performance Metric: Net Debt/EBITDA	6.0x as threshold; 5.7x as target; 5.0x as maximum; weight is 25%
Grant Dates	February 1, 2023 and July 31, 2023
Grant Date Fair Value	$865,875 for February 1, 2023; $818,935 for July 31, 2023
PSUs Share Quantities	February 1, 2023: Threshold: 9,375, Target: 18,750, Maximum: 37,500 ; July 31, 2023: Threshold: 9,766, Target: 19,531, Maximum: 39,062
Vesting Schedule	February 2026 for February 1, 2023 grants; July 2026 for July 31, 2023 grants