Daniel B. Hurwitz
About Daniel B. Hurwitz
Independent director of Brixmor Property Group Inc. (BRX), age 60, serving since 2016. Founder & CEO of Raider Hill Advisors (2015–present), former CEO of DDR Corp. (2010–2014), and served as BRX Interim CEO & President in 2016. Education includes the Wharton School of Business Management Program (University of Pennsylvania) and a B.A. from Colgate University . The Board has affirmatively determined he is independent under NYSE standards, including for Compensation Committee service .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Raider Hill Advisors, LLC | Founder & Chief Executive Officer | 2015–present | Real estate advisory leadership (disclosed as professional highlight; committee roles not disclosed) |
| DDR Corp. | Chief Executive Officer | 2010–2014 | Led publicly-traded retail REIT (committee roles not disclosed) |
| DDR Corp. | Various executive positions | 1999–2010 | Senior operating roles prior to CEO |
| Brixmor Property Group Inc. | Interim CEO & President | 2016 | Executive transition leadership |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| International Council of Shopping Centers (ICSC) | Former Chairman | Not disclosed | Industry leadership |
| Nareit | Former Executive Board, Advisory Board of Governors, Governance Council member | Not disclosed | Governance and industry leadership |
| Boscov’s Department Stores, Inc. | Director (prior) | Not disclosed | Not disclosed |
| CubeSmart | Director (prior) | Not disclosed | Not disclosed |
| DDR Corp. | Director (prior) | Not disclosed | Not disclosed |
| GGP Inc. | Director (prior) | Not disclosed | Not disclosed |
| Sonae Sierra Brasil, SA | Director (prior) | Not disclosed | Not disclosed |
| WeWork Inc. | Director (prior) | Not disclosed | Not disclosed |
| Other public company boards (count) | Number of boards | 3 | BRX skills matrix summary |
Board Governance
- Committee assignments: Member, Compensation Committee; the committee is chaired by William D. Rahm .
- Chair roles: Chair of BRX’s ad hoc Investment Committee (approves transactions between $50M–$150M; $200M for multi-asset deals) .
- Independence: Determined independent under NYSE standards and independent for Section 10C(b) compensation committee service .
- Attendance: Board held 5 meetings in 2024; all directors attended at least 75% of Board/committee meetings; all nine directors attended the 2024 annual meeting .
- Ownership guidelines: Independent directors must hold 5× prior-year cash Board fee within 5 years; all independent directors with ≥5 years on the Board are in compliance (Hurwitz director since 2016) .
- Trading restrictions: Directors are prohibited from pledging or hedging BRX securities .
Fixed Compensation (Director Pay – 2024)
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer | $60,000 | Paid quarterly in arrears |
| Compensation Committee member fee | $12,500 | Member rate; chair rate is $25,000 |
| Ad hoc Investment Committee chair fee | $15,000 | Chair rate; member rate $10,000 |
| Total cash | $87,500 | Sum of cash components |
| Restricted stock grant | $120,000 grant-date fair value | Vests on anniversary of April 25, 2024 grant date |
| Total 2024 director compensation | $207,500 | No option awards, no meeting fees |
- Mix and alignment: Cash $87,500 (42%) and equity $120,000 (58%), reinforcing shareholder alignment through time-based stock .
Performance Compensation (Director)
| Item | Disclosure | Details |
|---|---|---|
| Performance metrics tied to director compensation | None disclosed | Directors receive time-vested restricted stock; no PSU or option awards for directors |
| Option awards | Not granted | “Option Awards ($)” reported as “—” for directors |
Other Directorships & Interlocks
| Item | Disclosure |
|---|---|
| Current other public company boards (count) | 3 (per BRX skills matrix) |
| Prior public company boards | Boscov’s; CubeSmart; DDR Corp.; GGP Inc.; Sonae Sierra Brasil; WeWork Inc. |
| Potential interlocks | Prior REIT directorships (DDR, GGP) indicate sector expertise; current interlocks with BRX tenants/suppliers not disclosed |
| Overboarding risk controls | BRX caps directors at ≤4 public company boards and ≤3 audit committees; all directors are in compliance |
Expertise & Qualifications
- Shopping center and retail real estate leadership (CEO at DDR; founder of Raider Hill; BRX interim CEO) .
- Financial and investment acumen; real estate operations and redevelopment competencies per BRX skills matrix .
- Industry leadership roles (ICSC Chair; Nareit governance roles), indicating broad sector network and policy engagement .
- Education: Wharton management program; B.A. Colgate .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Shares Outstanding | Notes |
|---|---|---|---|
| Daniel B. Hurwitz | 37,875 | <1% (based on 306,040,394 shares outstanding) | Addressed under BRX beneficial ownership rules |
- Ownership guideline: Independent directors with ≥5 years service are in compliance with 5× cash fee guideline (Hurwitz director since 2016) .
- Pledging/hedging: Prohibited by BRX policy .
- Vested vs. unvested/pledged: Breakdown not disclosed; no pledging permitted .
Governance Assessment
- Board effectiveness: Hurwitz brings deep retail REIT CEO experience and transaction expertise; as ad hoc Investment Committee Chair, he directly influences capital allocation while operating within Board approval limits .
- Independence and engagement: Formally independent for committee service, complied with attendance expectations, and participated in a fully independent Compensation Committee (no insider participation) .
- Alignment and pay structure: Balanced cash/equity director pay with time-based stock fosters alignment; no performance grants or options reduce pay-risk complexity .
- Potential conflicts: Founder/CEO of Raider Hill Advisors represents a theoretical related-party risk; however, BRX reports no related-person transactions since Jan 1, 2024 and mandates recusal/Board approval for any such dealings .
- Overboarding risk: Skills matrix indicates 3 other public boards; BRX caps at 4 and confirms compliance, mitigating overcommitment concerns .
- Shareholder signals: Strong say-on-pay approval (96.6% in 2024; consistently high since 2021) indicates investor confidence in BRX’s compensation governance overseen by committees including Hurwitz .
RED FLAGS: None disclosed regarding related-party transactions, pledging/hedging, or low attendance. Monitor for any future transactions with Raider Hill Advisors and evolving multi-board commitments given BRX’s limits .