Company: FRT-PC
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066328
Chunk: 34

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 34
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   60,114 |   |
| Total Adjustments                                                                                                                           |             | $                     |    441,001 |   |     | $ |    242,936 |   |     | $ | (508,292 | ) |     | $ |  1,043,325 |   |     | $ | (893,862 | ) |

| (3) | Peer group is the BBRESHOP Index. |

| (4) | The Company has identifiedFFO per diluted shareas the most important additional financial metric used to link pay and performance. Our annual bonus program pays out based on our absolute level of FFO per diluted share achieved for the year andone-thirdof our long-term incentive plan pays out based on a metric tied to FFO per diluted share.FFO per diluted share is anon-GAAPfinancial measure of a real estate company’s operating performance and is defined by the National Association of Real Estate Investment Trusts. We consider FFO per diluted share a meaningful measure of operating performance primarily because it avoids the assumption that the value of real estate assets diminishes predictably over time and is a primary way of evaluating our operating performance as compared to other real estate investment trusts. A reconciliation of FFO per diluted share to net income is included as Appendix A. |

Relationship to Compensation Actually Paid The following chartsshow the relationship of the compensation actually paid to our CEO and the average compensation actually paid to our other NEOs as compared to the total shareholder return for the Company and for the BBRESHOP Index.

| * | Compensation actually paid is shown in thousands. |

| Federal Realty2025 Proxy Statement 38 |

The following chartsshow the relationship of the compensation actually paid to our CEO and the average compensation actually paid to our other NEOs as compared to our GAAP reported net income and our FFO per diluted share.

| * | Net income is shown in ten thousands. |

One of our primary compensation objectives is to align the financial interests of our NEOs with our shareholders. The high correlation shown above between the compensation actually paid to our CEO and other NEOs and the total shareholder return for us and the BBRESHOP Index reflect our success in achieving that objective. This is a direct result of the high percentage of our NEOs’ compensation that is paid in the form of Company shares and our equity retention policies which directly align the interests of our NEOs with the interests of our shareholders. There is a less direct correlation between the compensation of our NEOs and our net income because