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

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 28
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 |          |     |                            |         |
| Jeffrey S. Berkes  |     |                     |     |   |                           |     |                               | 5,221(5) |     | $                          | 584,491 |

| (1) | One-third of these shares vested on February 12, 2025 and the remaining shares will vest equally on February 12 of each of 2026 and 2027. |

| (2) | One-half of these shares vested on February 12, 2025 and the remaining shares will vest on February 12, 2026. |

| (3) | These shares vested on February 12, 2025. |

| (4) | One-half of these shares will vest equally on August 3 of each of 2025 and 2026. |

| (5) | The number of shares represent the threshold payout level under a performance award made in 2021 that included a performance period ending December 31, 2024. The final number of shares earned was calculated in January 2025 in accordance with the agreement which resulted in Mr. Berkes earning 7,204 shares and receiving a cash payment of $124,485 for accrued dividends also in 2025. All other shares held by Mr. Berkes vested in full on December 31, 2024 in accordance with his severance arrangements. See the “Potential Payments on Termination of Employment and Change-in-Control” section below for more information. |

| (6) | The value of shares is calculated based on $111.95, the closing price of our shares on the NYSE on December 31, 2024. |

| Federal Realty  2025 Proxy Statement 32 |

➣ OPTIONS EXERCISED AND STOCK VESTED IN 2024 The following table includes information with respect to shares held by our NEOs that vested in 2024. None of our NEOs holds any options or exercised any options during 2024.

| Name                  |     | Stock Awards |    Number of Shares 
 Acquired on Vesting |     |   | Value Realized 
  on Vesting(1) |
|:----------------------|:----|:-------------|--------------------:|:----|:--|---------------:|
| Donald C. Wood        |     |              |              54,904 |     | $ |      5,529,382 |
| Daniel Guglielmone