Company: FRT-PC
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066328
Chunk: 20

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 20
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.00%       |     |         | 7.25%       |     | 150.0%        |     | 49.50%   |
|                                |     |           |     |     |                     |            |     |        |             |     |         |             |     | Final Payout  |     | 117.47%  |

The Compensation Committee has the right to increase or decrease each NEO’s award under our long-term incentive program by up to 20% to reflect individual performance and chose not to exercise that discretion for any of our NEOs. See the discussions on pages 26-27 for the factors considered by the Compensation Committee in determining the final long-term incentive awards payable to our NEOs for the 2022 through 2024 performance period. The equity awards under our long-term incentive program are paid in the form of restricted shares that are issued after completion of the 3-yearperformance period and then vest equally over an additional period of 3 years from the date they are earned and issued. As a result, each NEO is required to hold all of their earned shares for 1 year after they have been earned, two-thirdsof their earned shares for 2 years after they are earned and one-thirdof their earned shares for 3 years after they are earned.

| Performance Period |     | Award Earned |     | Shares Vest |

The actual number of shares awarded to each of our NEOs is determined by dividing the amount of the award by the closing price of our shares on the NYSE on the date the awards are made. There is no amount included in the Summary Compensation Table or Grants of Plan-Based Awards Table in this proxy statement for long-term incentive awards earned for the 2022-2024 performance period. Those amounts will be included in next year’s proxy statement. The long-term incentive awards included in the Summary Compensation Table and the Grants of Plan-Based Awards Table for our NEOs in this proxy statement relate to awards made in February 2024 for the 3-yearperformance period ending December 31, 2023.

| Federal Realty  2025 Proxy Statement 25 |

2024 N EOP ERFORMANCES UMMARY Listed below are the individual performance achievements for each of our NEOs that the Compensation Committee considered to be instrumental in its determination to award each of our NEO’s the full amount of compensation he or she was eligible to receive for 2024. Mr. Berkes received the entirety of his 2024