Company: FRT-PC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000034903-25-000016
Chunk: 156

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 156
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 the U.S. Treasury yield curve in effect at the time of grant. The fair value of each share award is determined based on the closing trading price of our common shares on the grant date. No options were granted in 2023 and 2022. The following table provides a summary of the assumptions used to value options granted in 2024: Year Ended December 31,2024Volatility31.9 %Expected dividend yield4.3 %Expected term (in years)7.5Risk free interest rate4.1 %

F-35

The weighted-average grant-date fair value of options granted in 2024 was $24.59 per share. The following table provides a summary of option activity for 2024: SharesUnderOptionWeighted-AverageExercisePriceWeighted-AverageRemainingContractual TermAggregateIntrinsicValue   (In years)(In thousands)Outstanding at December 31, 20231,829 $95.77 Granted1,190 101.66 Exercised— — Forfeited or expired— — Outstanding at December 31, 20243,019 $98.09 7.3$42 Exercisable at December 31, 20241,097 $95.77 6.1$18 The following table provides a summary of restricted share activity for 2024:SharesWeighted-AverageGrant-Date FairValueUnvested at December 31, 2023286,205 $111.89 Granted149,842 101.84 Vested(167,495)109.82 Forfeited(332)104.66 Unvested at December 31, 2024268,220 $107.57 The weighted-average grant-date fair value of stock awarded in 2024, 2023 and 2022 was $101.84, $109.44 and $125.34, respectively. The total vesting-date fair value of shares vested during the year ended December 31, 2024, 2023 and 2022, was $17.3 million, $14.4 million and $14.3 million, respectively.On February 10, 2021, 10,441 restricted stock units were awarded to an officer, of which 7,204 vested on January 7, 2025, based on meeting certain market based performance criteria. The amount