Company: FRT-PC
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066328
Chunk: 38

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 38
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 and the effectiveness of internal controls over financial reporting. As part of its oversight function, the Audit Committee:

| • |     | Worked with GT to oversee the audit of the Company’s financial statements beginning with fiscal year 2024; |

| • |     | Discussed with GT the matters required to be discussed by the applicable requirements of the Public Company Accounting Oversight Board (“PCAOB”) and the SEC; |

| • |     | Reviewed and discussed with management and GT, individually and collectively, all annual and quarterly financial statements and operating results prior to their issuance; |

| • |     | Received the written disclosures and the letter from GT required by applicable requirements of the PCAOB regarding GT’s communications with the audit committee concerning independence, and has discussed with GT its independence; |

| Federal Realty  2025 Proxy Statement 41 |

| • |     | Discussed with GT matters required to be discussed pursuant to applicable audit standards, including the reasonableness of judgments and the clarity and completeness of financial disclosures; |

| • |     | Monitored the non-audit services provided by GT to ensure that performance of such services did not adversely impact GT’s independence; and |

| • |     | As part of the Committee’s quarterly review of internal controls, the Committee discussed with management cybersecurity threats, cybersecurity training and ongoing areas of focus of management in protecting against cyber breaches. During those quarterly reviews in 2024, the Committee was advised that there were no breaches and that cybersecurity insurance had been procured. |

Based on the Audit Committee’s reviews and discussions with GT, PwC and management, the Audit Committee recommended to the Board of Trustees that the Board approve the inclusion of our audited financial statements in our Annual Report on Form 10-Kfor the fiscal year ended December 31, 2024 for filing with the SEC. Submitted by the Audit Committee: Gail P. Steinel, Chairperson David W. Faeder Elizabeth I. Holland Anthony P. Nader, III

| Federal Realty  2025 Proxy Statement 42 |

Beneficial Ownership

| ➣ | OWNERSHIP OF PRINCIPAL SHAREHOLDERS |

| Name and Address of Beneficial Owner        |     | Amount and Nature of 
 Beneficial Ownership |            |     | Percentage of Our     
 Outstanding Shares(1) |      |   |
| The Vanguard Group, Inc.(2)                 |     |                      | 12,537,358 |     |                       | 14