On May 16, 2017, GGP Inc. announced that effective June 30, 2017 (the retirement date), Alan J. Barocas will retire from his position as Senior Executive Vice President, Leasing. Effective on theretirement date, the company has agreed to accelerate the vesting of all Mr. Barocas's non-performance-vesting equity; waive the service-based vesting requirements of a pro-rata portion of Mr. Barocas's performance-vesting equity; and provide Mr. Barocas three years from his retirement date to exercise his options and appreciation-only operating partnership units. As of the retirement date, Jared W. Chupaila, who serves as Executive Vice President, Leasing, will assume the responsibilities of Mr. Barocas. Mr. Chupaila has been with the company since April 2000, serving in various leadership roles.