Henry Moniz
About Henry Moniz
Independent director of Kimco Realty (KIM); age 60; director since January 2021. Currently serves on the Audit Committee and the Nominating & Corporate Governance Committee; designated by the Board as an Audit Committee financial expert. The Board has affirmatively determined he is independent under NYSE standards, and he recorded 100% attendance at Board and applicable committee meetings during 2024. Background spans chief compliance, audit, and risk oversight roles with deep cybersecurity and legal experience.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Meta Platforms, Inc. | Chief Compliance Officer | Since Feb 2021 | Former Chairman of the board of Meta Payments, Inc.; enterprise compliance and risk leadership |
| Paramount Global (formerly ViacomCBS) | EVP & Chief Compliance Officer; Chief Audit Executive | 2004–2021 | Chaired Privacy/IT Security Council; also VP, Associate GC; chaired Compliance Committee |
| Bingham McCutchen (now part of Morgan Lewis) | Partner | Not disclosed | Broad legal advisory experience |
| U.S. House Judiciary Committee | Minority Counsel (Clinton Impeachment Inquiry) | Not disclosed | Congressional investigative/legal experience |
| U.S. Department of Justice | Federal Prosecutor (Boston and Miami USAOs) | Not disclosed | Enforcement and litigation experience |
External Roles
| Organization | Role | Status | Notes |
|---|---|---|---|
| Harvard Law School, Center on the Legal Profession | Advisory Board Member | Current | Governance and legal profession advisory role |
| Acritas (now part of Thomson Reuters) | Advisory Board Member | Through Jan 2021 | Legal market data advisory role |
| Meta Payments, Inc. | Chairman of the Board | Former | Subsidiary of Meta; payments governance |
Board Governance
| Item | Detail |
|---|---|
| Committee Assignments (2024) | Audit Committee (member; 6 meetings), Nominating & Corporate Governance Committee (member; 5 meetings) |
| Prior Compensation Committee Service | Served on the Executive Compensation Committee during all or a portion of 2024 (committee interlocks disclosure) |
| Chair Roles | None disclosed (not a committee chair) |
| Audit Committee Financial Expert | Yes—Board determined each Audit Committee member is an “audit committee financial expert” per Reg S-K 407(d)(5) |
| Independence | Affirmatively determined independent under NYSE standards |
| Attendance (2024) | 100% of aggregate Board and committee meetings (excludes directors appointed in Jan 2025) |
| Executive Sessions | Executive sessions of non-management directors held at all Board and committee meetings |
| Years on KIM Board | Director since 2021 |
Fixed Compensation
| 2024 KIM Non-Employee Director Fee Schedule | Amount (USD) |
|---|---|
| Annual Board Cash Retainer | $60,000 |
| Audit Committee – Member | $20,000 |
| Nominating & Corporate Governance – Member | $6,000 |
| Executive Compensation – Member | $10,000 |
| Committee Chair Premiums | Audit Chair $45,000; Exec Comp Chair $35,000; N&CG Chair $25,000 |
| Henry Moniz – 2024 Director Compensation | Amount (USD) |
|---|---|
| Fees Earned or Paid in Cash | $96,000 |
| Stock Awards (Grant-Date Fair Value) | $175,035 |
| Total | $271,035 |
Performance Compensation
| Equity Award Type | Grant Value (USD) | Vesting | Performance Conditions |
|---|---|---|---|
| Restricted Stock (or LTIP Units at director’s election) | $175,035 (2024 grant) | Time-based; vests 20% annually over five years from grant date, subject to continued service | Not performance-based for directors (time-vested equity per policy) |
Additional compensation policy constraints: Under the 2025 equity plan, aggregate non-employee director compensation (cash plus equity grant-date value) is capped at $750,000 per fiscal year, with exceptions only in extraordinary circumstances (increased from $500,000 under prior plan). Moniz’s 2024 total was well below this limit.
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current Public Company Boards (outside KIM) | None disclosed in KIM’s 2025 Proxy |
| Compensation Committee Interlocks | None—Company disclosed no interlocking relationships or related-person transactions with Compensation Committee members in 2024 (Moniz served during part of 2024) |
Expertise & Qualifications
- 30+ years advising boards on compliance, ethics, governance, and ERM; deep cybersecurity/IT controls and legal expertise from DOJ, House Judiciary, BigLaw partnership, and senior in-house roles at Paramount and Meta .
- Audit Committee financial expert; Audit Committee oversees financial reporting, internal controls, tax compliance, internal audit, enterprise risk, and cybersecurity (including AI risk), with quarterly CISO briefings and no material control deficiencies reported for 2024 .
Equity Ownership
| Measure | Amount | As Of |
|---|---|---|
| Beneficial Ownership (Common Shares) | 34,250 | March 4, 2025 |
| Restricted Stock Held | 23,824 | December 31, 2024 |
| Percent of Class | <1% | March 4, 2025 |
Ownership alignment and restrictions:
- Stock ownership guidelines: Non-employee directors must hold shares equal to 5x annual retainer; all directors other than Ms. Lashine (appointed Jan 2025) are in compliance—implies Moniz is in compliance. Directors who have not met thresholds must retain all net-settled shares until compliant .
- Prohibited transactions: Directors may not hedge or pledge KIM stock .
Governance Assessment
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Strengths for investor confidence: Independent director with 100% attendance, designated Audit Committee financial expert, and career specializing in compliance, internal audit, and cybersecurity—well-aligned with KIM’s risk oversight framework (ERM, quarterly cyber reviews, AI risk coverage). Committee work spans Audit and N&CG; prior service on Executive Compensation during 2024 supports compensation governance continuity.
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Incentive alignment: Director pay mix is equity-heavy ($175,035 equity vs $96,000 cash in 2024) with five-year, time-based vesting that encourages longer-term alignment; ownership policy (5x retainer) and retention requirement reinforce alignment and discourage short-termism; hedging/pledging bans reduce misalignment risk.
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Conflicts/related-party exposure: Board affirms independence; Compensation Committee interlocks disclosure states no related-person transactions requiring disclosure for members in 2024; no public-company interlocks disclosed for Moniz; separate family-related transactions involve other parties (e.g., Cooper/Ripco) and do not involve Moniz.
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Watch items: 2025 equity plan raises the non-employee director annual compensation cap to $750,000; although Moniz’s 2024 compensation is far below the cap, investors may monitor use of the higher limit in extraordinary circumstances.
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RED FLAGS: None identified specific to Moniz in 2024—no attendance issues, no pledging/hedging permitted, no related-person transactions requiring disclosure, and independence affirmed.