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Regency Centers (REG) founder dies; Executive Chair flags estate-related share sales

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Regency Centers Corporation reported that co-founder and former Chair Joan Wellhouse Stein Newton has passed away at age 97. She helped lead the company from its founding in 1963 through its 1993 IPO and later served as Chair Emeritus, and is described as one of the most significant female leaders in the U.S. REIT sector.

The company also noted that Executive Chair Martin E. “Hap” Stein, Jr. has advised that, in connection with his mother’s passing and her estate plan, between 150,000 and 200,000 shares of Regency common stock beneficially owned by him may be sold over the next several days in one or more Rule 144 transactions. The company states there is no assurance any sales will occur and emphasizes that these potential transactions do not indicate any change in his role or commitment as Executive Chair.

Positive

  • None.

Negative

  • None.

Insights

Filing combines founder obituary with notice of potential, estate-driven insider share sales.

The filing highlights the death of long-time leader Joan Newton, underscoring Regency’s deep family governance roots. Operational control remains with existing leadership; there is no indication of management changes or strategic shifts tied to her passing in the disclosed text.

Regency also flags that Executive Chair Hap Stein may sell between 150,000 and 200,000 shares under Rule 144 as his mother’s estate plan is implemented. These are pre-disclosed, estate-related sales, and the company explicitly states they should not be read as a change in his status or commitment.

The disclosure aims to provide transparency around potential insider selling activity in the near term. Actual impact on trading and ownership will depend on whether the sales occur and at what pace, which will later be reflected in required Section 16 and Rule 144 filings.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

March 11, 2026

Date of Report (Date of earliest event reported)

 

REGENCY CENTERS CORPORATION

REGENCY CENTERS, L.P.

(Exact name of registrant as specified in its charter)

 

 

 

img111278961_0.jpg

 

 

Florida (Regency Centers Corporation)

Delaware (Regency Centers, L. P.)

 

001-12298 (Regency Centers Corporation)

0-24763 (Regency Centers, L.P.)

 

59-3191743 (Regency Centers Corporation)

59-3429602 (Regency Centers, L.P.)

(State or other jurisdiction of incorporation)

 

Commission File Number)

 

(IRS Employer Identification No.)

 

One Independent Drive, Suite 114

Jacksonville, Florida 32202

(Address of principal executive offices) (Zip Code)

(904) 598-7000

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

 

Regency Centers Corporation

 

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, $0.01 par value

REG

The Nasdaq Stock Market LLC

6.250% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share

 

REGCP

 

The Nasdaq Stock Market LLC

5.875% Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share

 

REGCO

 

The Nasdaq Stock Market LLC

 

Regency Centers, L.P.

 

Title of each class

Trading Symbol

Name of each exchange on which registered

None

N/A

N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230 .425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 


 

 

Item 8.01

Other Events

 

Regency Centers Corporation (“Regency” or the “Company”) announced today that Joan Wellhouse Stein Newton has passed away, at age 97. Mrs. Newton co-founded the Company in 1963 with her husband, Martin E. Stein, Sr., and after his death in 1987 served as its Chair of the Board of Directors (the “Board”), helped lead the Company through its initial public offering in 1993, and then continued as Chair until 1997, after which she became Chair Emeritus until 2006. Mrs. Newton played a foundational and enduring leadership role at Regency, but also is one of the most significant and noteworthy female leaders in the history of the U.S. REIT sector. Mrs. Newton is the mother of the current Executive Chair of the Board of the Company, Martin E. (“Hap”) Stein, Jr.

Mr. Stein has advised the Company that, in connection with his mother’s passing and implementation of her estate plan, between 150,000 and 200,000 shares of the Company’s common stock, which the Company has previously disclosed as being beneficially owned by Mr. Stein, may be sold over the next several days in one or more transactions under and pursuant to the requirements of Rule 144 under the Securities Act of 1933, as amended (“Rule 144”). No assurance can be given that any such sales will be consummated. Filings under Section 16 of the Exchange Act of 1934, as amended, and Rule 144 to reflect these transactions will be made as required.

The Company is disclosing these anticipated transactions to provide transparency to its shareholders. However, these transactions should not be interpreted to indicate any change in Mr. Stein’s status as Executive Chair of the Board of the Company, nor in his commitment to the Company.

 

Item 9.01

Financial Statements and Exhibits

 

 

(d) Exhibits

 

 

104

Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL documents)

 

 

2


 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

REGENCY CENTERS CORPORATION

 

 

 

 

March 11, 2026

By:

 

/s/ Michael R. Herman

 

 

 

Michael R. Herman, Senior Vice President

General Counsel and Corporate Secretary

 

 

 

 

 

 

 

 

 

 

 

 

 

REGENCY CENTERS, L.P.

 

 

 

 

 

By: Regency Centers Corporation, its general partner

 

 

 

 

March 11, 2026

By:

 

/s/ Michael R. Herman

 

 

 

Michael R. Herman, Senior Vice President

General Counsel and Corporate Secretary

 

3


FAQ

What did Regency Centers (REG) announce in this 8-K filing?

Regency Centers announced the passing of co-founder and former Chair Joan Wellhouse Stein Newton and disclosed potential near-term sales of 150,000–200,000 common shares related to the implementation of her estate plan under Rule 144.

Who was Joan Wellhouse Stein Newton at Regency Centers (REG)?

Joan Wellhouse Stein Newton co-founded Regency in 1963, served as Chair through its 1993 IPO and until 1997, then as Chair Emeritus until 2006. The company describes her as a foundational leader and a significant female figure in the U.S. REIT sector.

How many Regency Centers (REG) shares may be sold related to Joan Newton’s estate?

Executive Chair Martin E. “Hap” Stein, Jr. advised that between 150,000 and 200,000 shares of Regency common stock, previously disclosed as beneficially owned by him, may be sold over the next several days in one or more transactions under Rule 144.

Are the potential Regency Centers (REG) share sales guaranteed to occur?

No. The company states that no assurance can be given that any of the contemplated sales of 150,000–200,000 Regency common shares will be consummated. Any completed transactions will later be reflected in required Section 16 and Rule 144 filings.

Do these potential share sales change Hap Stein’s role at Regency Centers (REG)?

Regency explicitly states that the potential Rule 144 sales should not be interpreted as any change in Martin E. “Hap” Stein, Jr.’s status as Executive Chair of the Board, nor as a change in his commitment to the company’s leadership and governance.

Why did Regency Centers (REG) disclose the anticipated Rule 144 share sales?

Regency explains that it is disclosing the anticipated sales of 150,000–200,000 common shares to provide transparency to shareholders. The disclosure highlights that these transactions relate to implementing Joan Newton’s estate plan rather than a shift in corporate strategy or leadership.

Filing Exhibits & Attachments

1 document
Regency Ctrs Corp

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