Company: FRT-PC
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066328
Chunk: 14

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 14
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.95, the closing price of our shares on the NYSE on December 31, 2024. |

Proposal 2: Approving our Executive Compensation We are seeking an advisory vote to approve our executive compensation for 2024. We have always held our “Say on Pay” vote annually and in 2023, a majority of our shareholders voted to continue to hold this vote annually. Although this “Say on Pay” vote is advisory and is not binding on our Board, our Compensation Committee will take into consideration the outcome of this vote when making future executive compensation decisions. The text of the resolution if Proposal 2 is passed is: RESOLVED, that the shareholders of the Company hereby approve, on an advisory basis, the compensation of our NEOs as described in the CD&A and the Executive Compensation section that follows as required by Item 402 of Regulation S-K. The affirmative vote of a majority of votes cast at the Annual Meeting, in person or by proxy, is required to approve this proposal. An “abstention” or “broker non-vote”will have no effect on the outcome of the vote for this proposal. Our Board has designed our current executive compensation program to appropriately link compensation realized by our NEOs to our performance and properly align the interests of our NEOs with those of our shareholders. The details of this compensation for 2024, and the reasons we awarded it, are described in the “Compensation Discussion and Analysis,” starting below.

| Our Board recommends a vote FOR the compensation of our NEOs |

| Federal Realty  2025 Proxy Statement 18 |

| Compensation Discussion and Analysis |

| CD&A TABLE OF CONTENTS                                     |     | Page # |    |
| Introduction                                               |     |        | 20 |
| 2024 Business Highlights Supporting Compensation Decisions |     |        | 20 |
| Program Philosophy and Objectives                          |     |        | 20 |
| Executive Compensation Practices                           |     |        | 21 |
| Components of Compensation                                 |     |        | 21 |
| Compensation Setting Process                               |     |        | 21 |
| Annual Compensation Decision Making                        |     |        | 21 |
| Role of the Compensation Committee                         |     |        | 22 |
| Role of Management                                         |     |        | 22 |
| Role of Independent Compensation Consultant                |     |        | 22 |
| 2024 Compensation Decisions                                |     |        | 22 |
| Changes for 2024