Centerspace (CSR) Proxy Filing summary

Executive summary

• Annual meeting scheduled for May 14, 2025, to be held virtually via webcast.

• Supplemental information addresses Proposal 3 regarding the 2025 Incentive Plan.

• Board recommends voting in favor of the 2025 Incentive Plan.

Voting matters and shareholder proposals

• Proposal 3 seeks approval of the 2025 Incentive Plan, authorizing up to 650,000 shares for issuance.

• Board recommends a FOR vote on Proposal 3.

• ISS recommended voting against Proposal 3 due to assumptions about share grants under the 2015 Plan.

Executive compensation and say-on-pay

• No shares have been or will be granted under the 2015 Plan from April 2, 2025, through the effective date of the 2025 Plan if approved.

• If the 2025 Plan is approved, the remaining share reserve under the 2015 Plan will be unavailable for future grants.

• As of April 2, 2025, 351,709 shares remained available under the 2015 Plan, which will be eliminated if the 2025 Plan is approved.

• Outstanding equity awards under the 2015 Plan include 102,105 full-value awards and 117,010 appreciation awards.