Was the 4,438-share FRT transaction an open-market sale?

No, the 4,438-share transaction was a tax-withholding disposition, not an open-market sale. The shares were surrendered to Federal Realty Investment Trust to satisfy tax obligations arising from vesting of restricted shares, according to the footnote description.

Federal Realty (FRT) CFO reports share grant and tax share surrender

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Federal Realty Investment Trust’s EVP-CFO and Treasurer, Daniel Guglielmone, reported equity compensation and a related tax transaction. On February 11, 2026, he acquired 17,947 common shares of beneficial interest as a grant at $0 per share.

On February 12, 2026, 4,438 common shares were surrendered to the issuer at $104.75 per share to satisfy tax withholding obligations tied to vesting of restricted shares. After these transactions, he directly owned 80,866 common shares of beneficial interest.

Insider Trade Summary

Net Buyer: 13,509 shares

Net Buy 2 txns

Insider Guglielmone Daniel

Role EVP-CFO and Treasurer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares of Beneficial Interest	4,438	$104.75	$465K
Grant/Award	Common Shares of Beneficial Interest	17,947	$0.00	$0.00

Holdings After Transaction: Common Shares of Beneficial Interest — 80,866 shares (Direct)

Footnotes (1)

F1. Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/13/2026 - 04:11 PM

FAQ

What insider transactions did FRT executive Daniel Guglielmone report?

Daniel Guglielmone reported an equity grant and a tax-related share surrender. He received 17,947 common shares at $0 per share, then surrendered 4,438 shares at $104.75 per share to cover tax withholding linked to restricted share vesting.

How many FRT shares does Daniel Guglielmone own after these transactions?

After the reported transactions, Daniel Guglielmone directly owns 80,866 common shares of beneficial interest in Federal Realty Investment Trust. This reflects both the 17,947-share grant and the 4,438 shares surrendered for tax withholding obligations on restricted stock vesting.

What type of FRT shares did Daniel Guglielmone acquire and dispose of?

Both transactions involved common shares of beneficial interest in Federal Realty Investment Trust. He acquired 17,947 such shares as a grant and later surrendered 4,438 of the same share class to the issuer to cover associated tax withholding from restricted share vesting.

What do the transaction codes A and F mean in this FRT insider filing?

Code A indicates a grant, award, or other acquisition of securities, here covering the 17,947-share equity grant. Code F indicates payment of tax liability by delivering securities, describing the 4,438 shares surrendered to Federal Realty Investment Trust for tax withholding.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Guglielmone Daniel

(Last)

(First)

(Middle)

909 ROSE AVENUE - SUITE 200

(Street)

NORTH BETHESDA

20852

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FEDERAL REALTY INVESTMENT TRUST [ FRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP-CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares of Beneficial Interest	02/11/2026		A		17,947	A	$0	85,304	D
Common Shares of Beneficial Interest	02/12/2026		F⁽¹⁾		4,438	D	$104.75	80,866	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted shares.

Remarks:

	Dawn M. Becker, by power of attorney	02/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR