Regency Centers chair reports 24,201-share stock gift
REGENCY CENTERS CORP Executive Chairman Martin E. Stein Jr. reported charitable-style transfers of company stock held indirectly through a trust.
Rhea-AI Filing Summary
REGENCY CENTERS CORP Executive Chairman Martin E. Stein Jr. reported charitable-style transfers of company stock held indirectly through a trust. A Grantor Retained Annuity Trust established for his daughters made bona fide gifts of 8,066, 8,067 and 8,068 shares of Common Stock, totaling 24,201 shares, at no consideration. After the most recent 8,068-share gift on May 14, 2024, the trust’s reported Regency Centers holdings fell to zero. The filing also updates prior indirect and direct ownership balances across several entities and corrects an earlier omission of 44,547 shares due to administrative error.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,201 shares gifted
Gift
8 txns
Insider
STEIN MARTIN E JR
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 8,068 | $0.00 | $0.00 |
| Gift | Common Stock | 8,067 | $0.00 | $0.00 |
| Gift | Common Stock | 8,066 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,460 shares (Indirect, Trust);
Common Stock — 316,680 shares (Direct);
Common Stock — 110,263 shares (Indirect, Corporation);
Common Stock — 157,892 shares (Indirect, General Partnership)
Footnotes (7)
- F1. This transaction represents a bona fide gift from a Grantor Retained Annuity Trust (GRAT) established by the Reporting Person for the benefit of his daughters. No consideration was received by the Reporting Person in connection with this transaction. The reporting of this transaction was late due to an administrative oversight.
- F2. By the GRAT, of which the Reporting Person was the trustee.
- F3. This total reflects an additional 44,547 shares of Common Stock inadvertently omitted from the Reporting Person's prior Form 4 filing due to an administrative error.
- F4. By The Regency Group, Inc., a corporation, which is controlled by the Reporting Person and members of his family.
- F5. By the Regency Group II, a general partnership, of which the Reporting Person is a general partner.
- F6. By the Wellhouse Trust, of which the Reporting Person is a beneficiary.
- F7. By the Joan Wellhouse Newton Irrevocable Trust, of which the Reporting Person is the co-trustee and a beneficiary.
Key Figures
Latest gift: 8,068 shares
Prior gift (2019-11-06): 8,067 shares
Prior gift (2019-05-14): 8,066 shares
+5 more
8 metrics
Latest gift
8,068 shares
Bona fide gift on May 14, 2024 from GRAT trust
Prior gift (2019-11-06)
8,067 shares
Bona fide gift from Grantor Retained Annuity Trust
Prior gift (2019-05-14)
8,066 shares
Bona fide gift from Grantor Retained Annuity Trust
Total gifted shares
24,201 shares
Sum of three GRAT gifts reported in filing
Direct holdings
316,680 shares
Common Stock held directly as of May 14, 2019
Indirect via corporation
110,263 shares
Held by The Regency Group, Inc. as of May 14, 2019
Indirect via partnership
157,892 shares
Held by Regency Group II general partnership as of May 14, 2019
Additional corrected shares
44,547 shares
Previously omitted from an earlier Form 4 due to error
Key Terms
Grantor Retained Annuity Trust, bona fide gift, indirect ownership, general partnership, +2 more
6 terms
Grantor Retained Annuity Trust financial
"This transaction represents a bona fide gift from a Grantor Retained Annuity Trust (GRAT) established by the Reporting Person"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
bona fide gift financial
"This transaction represents a bona fide gift from a Grantor Retained Annuity Trust (GRAT)"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirect ownership financial
"ownership_type": "indirect","ownership_code": "I""
general partnership financial
"By the Regency Group II, a general partnership, of which the Reporting Person is a general partner."
A general partnership is a business arrangement where two or more people jointly own and run a company, sharing profits, losses and day-to-day decisions. It matters to investors because each partner is personally responsible for the business’s debts and legal obligations—like roommates who sign the same lease—so the financial risk, tax consequences and control of the business rest directly on the partners rather than on a separate corporate shield.
administrative oversight regulatory
"The reporting of this transaction was late due to an administrative oversight."
inadvertently omitted regulatory
"This total reflects an additional 44,547 shares of Common Stock inadvertently omitted from the Reporting Person's prior Form 4 filing"
FAQ
What insider transaction did REG Executive Chairman Martin E. Stein Jr. report?
Martin E. Stein Jr. reported bona fide gifts of REGENCY CENTERS CORP common stock from a Grantor Retained Annuity Trust. The trust transferred 8,066, 8,067 and 8,068 shares in separate transactions, totaling 24,201 shares, all with a reported price of $0.00 per share.
Did Martin E. Stein Jr. receive any payment for the REG stock gifts?
No payment was received for these shares. The footnotes state each transaction represents a bona fide gift from a Grantor Retained Annuity Trust, and explicitly note that no consideration was received by the reporting person in connection with the May 14, 2024 transfer.
Was any correction or prior error disclosed in this REGENCY CENTERS Form 4?
Yes. A footnote explains that a total of 44,547 shares of Common Stock had been inadvertently omitted from a prior Form 4 due to administrative error. This filing’s ownership totals are stated as reflecting that additional previously unreported amount.
Does the REG Form 4 involve any option exercises or derivative securities?
No derivative activity is shown in this data. The derivativeSummary section is empty, and all reported entries relate to non-derivative Common Stock holdings and gift dispositions, rather than exercises or conversions of options, warrants, or other derivative securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
