Company: LANDO
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001193125-25-059811
Chunk: 20

Company: GLADSTONE LAND Corp
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 20
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aneous service does not impair the respective directors’ ability to effectively and independently serve on our Audit Committee.

The Compensation Committee

The Compensation Committee operates pursuant to a written charter, which is available to stockholders and can
be found in the Governance section of the Investors portion of our website at , and conducts periodic reviews, at least annually, of the amended and restated investment advisory agreement (the “Advisory
Agreement”) with our Adviser and the amended and restated administration agreement (the “Administration Agreement”) with our Administrator, to evaluate whether the fees paid to the parties under the respective agreements are in the
best interests of us and our stockholders. The committee considers as part of such periodic reviews, among other things, whether the performance of our Adviser and our Administrator are reasonable in relation to the nature and quality of services
performed, and whether the provisions of the Advisory and Administration Agreements are being satisfactorily performed. The Compensation Committee also reviews and considers all incentive fees payable to our Adviser under the Advisory Agreement. The
Compensation Committee also reviews with management our Compensation Discussion and Analysis to be included in proxy statements and other filings. In addition, the Compensation Committee reviews, approves and recommends to our Board the compensation
of our non-executive directors.

During the last fiscal year ended December 31, 2024, the
Compensation Committee was composed of Messrs. Outland (Chairperson), Adelgren and Wilkinson. Mr. Parker and Ms. English currently serve as alternate members of the Compensation Committee. Mr. Adelgren resigned from the Board
effective December 15, 2024. Ms. Gorka was named as a member of the Compensation Committee on January 8, 2025. Alternate members of the Compensation Committee serve and participate in meetings of the Compensation Committee only in the
event of an absence of a regular member of the Compensation Committee.

Our Board has determined that all members and alternate members of
our Compensation Committee are independent directors (as currently defined in Rule 5605(a)(2) of the Nasdaq listing standards). No members of the Compensation Committee received compensation from us during the last fiscal year other than
directors’ fees. Messrs. Outland and Wilkinson also serve on the compensation committees of Gladstone Capital, Gladstone

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Commercial, and Gladstone Investment. Our Compensation Committee’s current alternate members, Mr. Parker and Ms. English, also serve as alternate members of the compensation
committees of Gladstone Capital, Gladstone