[Form 4] FEDERAL REALTY INVESTMENT TRUST Insider Trading Activity

Rhea-AI Filing Summary

Donald C. Wood, identified as Director and CEO & President of Federal Realty Investment Trust (FRT), reported related-party transfers on 09/29/2025. The filing shows 60,000 shares of FRT were disposed of by IJKR II, LLC and 60,000 shares were acquired by the Stacey Wood Revocable Trust. Following the transfer, the Stacey Wood Revocable Trust is reported to beneficially own 113,879 shares. The filing states the transfers were part of estate planning, with Mr. Wood retaining indirect beneficial interest and control over the trust. The Form 4 is signed by an attorney on 09/30/2025.

Positive

• Estate-planning transfer clearly disclosed, with explicit explanation that shares were gifted from IJKR II, LLC to the Stacey Wood Revocable Trust
• No cash consideration reported (price shown as $0), indicating a non-market, intra-family/entity transfer
• Beneficial ownership updated for the Stacey Wood Revocable Trust to 113,879 shares, improving transparency of related-party holdings

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Related-party gift shifts 60,000 FRT shares into a trust, reflecting estate planning without disclosed cash proceeds or third-party sales.

The reported transactions on 09/29/2025 show a non-market transfer: 60,000 shares were removed from IJKR II, LLC and placed into the Stacey Wood Revocable Trust, increasing the trust's beneficial ownership to 113,879 shares. This is described explicitly as an estate-planning gift, and Mr. Wood retains indirect control. From a governance perspective, the transaction is an intra-family/entity reallocation and not a public disposition or open-market sale; it has no disclosed price impact or change in voting control beyond the stated indirect interest.

Estate Planning / Tax Specialist

TL;DR: The filing documents a gift transfer between related entities to a revocable trust, a common estate-planning step with retained indirect control.

The Explanation of Responses explicitly states the shares were gifted from IJKR II, LLC to the Stacey Wood Revocable Trust for estate-planning purposes. The Form 4 indicates no cash consideration (price $0) and records the reporting person as having indirect beneficial interest and control over the trust. The filing does not disclose tax treatment, consideration of gift tax, or other estate specifics; it only documents the change in beneficial ownership reported under Section 16.

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).

1. Name and Address of Reporting Person^*

WOOD DONALD C

(Last) (First) (Middle)

909 ROSE AVENUE - SUITE 200

(Street)

NORTH BETHESDA MD 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2025

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares of Beneficial Interest	09/29/2025		G		60,000	D	$0	0	I(1)	By IJKR II, LLC
Common Shares of Beneficial Interest	09/29/2025		G		60,000	A	$0	113,879	I(1)	By Stacey Wood Revocable Trust

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. In connection with estate planning, the shares were gifted from IJKR II, LLC, an entity benefitting Mr. Wood's children, to the Stacey Wood Revocable Trust, a trust over which Mr. Wood has indirect beneficial interest and control.

Remarks:

	Dawn M. Becker, by power of attorney	09/30/2025
	** 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.

FAQ

What transactions did Donald C. Wood report on Form 4 for FRT?

On 09/29/2025 Mr. Wood reported a disposal of 60,000 shares from IJKR II, LLC and an acquisition of 60,000 shares by the Stacey Wood Revocable Trust; price reported as $0.

Why were the FRT shares transferred according to the filing?

The Explanation of Responses states the shares were gifted for estate planning from IJKR II, LLC to the Stacey Wood Revocable Trust.

How many FRT shares does the Stacey Wood Revocable Trust beneficially own after the transaction?

The Form 4 reports the Stacey Wood Revocable Trust beneficially owns 113,879 shares following the 09/29/2025 transaction.

Does Donald C. Wood retain control after the transfer?

Yes, the filing states Mr. Wood has indirect beneficial interest and control over the Stacey Wood Revocable Trust.

Was any cash consideration reported for these transfers?

No; the reported price for the transactions is $0, indicating the shares were gifted rather than sold.