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Regency Centers (REG) GC withholds 2,807 vested shares for taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Regency Centers Corporation Senior VP and General Counsel Michael R. Herman reported equity award activity on February 12, 2026. He acquired 7,459 shares of common stock through the vesting and conversion of restricted stock and related dividend equivalents.

To cover tax obligations, 2,807 common shares were disposed of at $73.40 per share, leaving him with 21,601 common shares held directly and 4,257 shares of restricted stock. The company notes that a prior report understated his restricted stock grant by 538 shares, now correctly reflected as of February 17, 2026.

Positive

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Negative

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Insights

Routine equity vesting and tax withholding for a Regency Centers executive.

Senior VP and General Counsel Michael R. Herman exercised and converted derivative awards into 7,459 shares of Regency Centers common stock on February 12, 2026. These came from restricted stock and 630 dividend-equivalent shares that vested together with the underlying awards.

He then disposed of 2,807 shares at $73.40 per share to satisfy tax obligations associated with the vesting. Following these transactions, he directly holds 21,601 common shares and 4,257 restricted shares. The company also clarifies a prior 538-share underreporting in his restricted stock grant, now corrected.

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*
HERMAN MICHAEL R

(Last) (First) (Middle)
REGENCY CENTERS CORPORATION
ONE INDEPENDENT DRIVE SUITE 114

(Street)
JACKSONVILLE FL 32202

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
REGENCY CENTERS CORP [ REG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior VP and General Counsel
3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026
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)
Code V Amount (A) or (D) Price
Common Stock 02/12/2026 M 7,459(1) A (2) 24,408 D
Common Stock 02/12/2026 F 2,807 D $73.4 21,601 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Dividend Equivalent (3) 02/12/2026 M 630 (3) (3) Common Stock 630 $0 0 D
Restricted Stock (2) 02/12/2026 M 6,291 (2) (2) Common Stock 6,291 $0 4,257 D
Explanation of Responses:
1. Includes 630 shares accrued when and as dividends were paid on Regency Centers Corporation Common Stock and vested with the restricted stock to which they relate. The previous filing inadvertently underreported the number of shares of restricted stock granted to the Reporting Person by 538 shares. This filing properly reflects the correct number of shares as of February 17, 2026.
2. Vesting of restricted stock.
3. Includes 630 shares accrued when and as dividends were paid on Regency Centers Corporation Common Stock and vested with the restricted stock to which they relate.
Remarks:
/s/Terah L. Devereaux Attorney-in-Fact 02/17/2026
** 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.

FAQ

What insider transaction did Michael R. Herman report at Regency Centers (REG)?

Michael R. Herman reported vesting-related transactions that delivered 7,459 Regency Centers common shares on February 12, 2026. These came from restricted stock and 630 dividend-equivalent shares that vested, increasing his directly held common stock before subsequent tax-withholding dispositions.

How many Regency Centers (REG) shares did Michael R. Herman dispose of for taxes?

He disposed of 2,807 Regency Centers common shares to satisfy tax obligations linked to equity vesting. The shares were valued at $73.40 each, reflecting a tax-withholding mechanism rather than an open-market sale, and left him with 21,601 common shares directly owned afterward.

What are Michael R. Herman’s Regency Centers (REG) holdings after the Form 4 transactions?

After the reported transactions, Michael R. Herman directly owns 21,601 shares of Regency Centers common stock and 4,257 shares of restricted stock. These holdings reflect the vesting of equity awards, dividend equivalents, and the share disposition used to cover associated tax liabilities.

Did Regency Centers (REG) correct any prior reporting error in this Form 4?

Yes. The company states a previous report understated Herman’s restricted stock grant by 538 shares. This filing corrects that error and now properly reflects the correct number of restricted shares and related dividend-equivalent shares as of February 17, 2026.

What types of equity awards were involved in Michael R. Herman’s Regency Centers (REG) transactions?

The transactions involved restricted stock and dividend-equivalent awards that convert into common shares. On vesting, 6,291 restricted shares and 630 dividend-equivalent shares became 7,459 common shares, illustrating standard executive equity compensation structures at Regency Centers Corporation.
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