[Form 4] Federal Realty Investment Trust Insider Trading Activity

Rhea-AI Filing Summary

Thomas McEachin, a director of Federal Realty Investment Trust (FRT), reported a non-sale reclassification of 2,535 common shares on 09/05/2025. He transferred 2,535 shares he previously held directly into the "Thomas A. McEachin Living Trust dated 4-17-2025," resulting in 0 shares held directly and 2,535 shares held indirectly after the transaction. The Form 4 clarifies this was an estate-planning gift and states Mr. McEachin and his wife are the sole trustees and beneficiaries, so he retains sole control over the transferred shares. The filing was submitted by Dawn M. Becker by power of attorney and dated 09/08/2025.

Positive

• Transfer retains control: Mr. McEachin and his wife are sole trustees and beneficiaries, so he retains sole control of the 2,535 shares.
• Transparent disclosure: The Form 4 timely reports the transaction with explicit explanation and power-of-attorney signature.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director moved shares into a revocable living trust, retaining control; governance impact is routine and non-dilutive.

This Form 4 documents an internal estate-planning transfer of 2,535 common shares from direct ownership to a living trust where the reporting person and spouse are sole trustees and beneficiaries. Because no shares were sold and control was retained, this action does not change voting control or share count outstanding and is unlikely to affect corporate governance dynamics. It is a common mechanism for succession and asset management and does not indicate any change in investment intent.

Securities Analyst

TL;DR: The transaction is an administrative reclassification, not a market transaction; it has no immediate financial impact on FRT.

The Form 4 shows code "G" transactions on 09/05/2025 recording 2,535 shares disposed of from direct ownership and 2,535 shares acquired indirectly via a living trust at $0 per share. There is no sale price and no change in total beneficial ownership economically; reported beneficial ownership remains with the same individual effectively. This disclosure satisfies Section 16 timing and transparency requirements but does not alter outstanding share counts or company cash flows.

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
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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^*

McEachin Thomas

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

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	09/05/2025		G		2,535	D	$0	0	D(1)
Common Shares of Beneficial Interest	09/05/2025		G		2,535	A	$0	2,535	I(1)	Thomas A. McEachin Living Trust dated 4-17-2025

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, Mr. McEachin gifted 2,535 shares he owns directly to his living trust and as he and his wife are the sole trustees and beneficiaries of that trust, he retains sole control of these shares.

Remarks:

	Dawn M. Becker, by power of attorney	09/08/2025
	** 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 transaction did Thomas McEachin report on Form 4 for FRT?

He reported a reclassification on 09/05/2025 transferring 2,535 common shares from direct ownership to the "Thomas A. McEachin Living Trust dated 4-17-2025."

Did Mr. McEachin sell any FRT shares in this filing?

No. The filing records a gift/reclassification with transaction code G at a price of $0, indicating no sale.

How many FRT shares does Mr. McEachin beneficially own after the transaction?

He beneficially owns 2,535 shares indirectly and 0 shares directly following the reported transactions.

Why were the shares transferred to the living trust?

The filing states the transfer was made for estate planning purposes and notes the reporting person retains sole control as trustee and beneficiary.

Who signed the Form 4 and when was it filed?

The Form was signed by Dawn M. Becker by power of attorney and dated 09/08/2025 in the filing.