Regency Centers (REG) GC withholds 2,807 vested shares for taxes
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
- None.
Negative
- None.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent | 630 | $0.00 | -- |
| Exercise | Restricted Stock | 6,291 | $0.00 | -- |
| Exercise | Common Stock | 7,459 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,807 | $73.40 | $206K |
Footnotes (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. Vesting of restricted stock. 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.