Executive chair at Regency Centers (REG) sells 167K shares via trusts
Rhea-AI Filing Summary
Regency Centers Corp Executive Chairman Martin E. Stein Jr. reported indirect transactions in the company’s common stock. On March 10 and March 11, the Joan W. Newton 2019 Revocable Trust, after receiving shares from The Regency Group II partnership where he is a general partner, sold 129,490 and 38,000 shares in open-market trades at weighted average prices of $78.334 and $77.2139 per share, totaling 167,490 shares sold. Separately, an irrevocable trust associated with him acquired 6,460 shares as a grant or award. Following these transactions, he continues to hold a significant stake, including 272,133 shares held directly and additional indirect holdings of 24,201, 110,263, and 4,000 shares through various trusts and a family-controlled corporation.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 38,000 | $77.2139 | $2.93M |
| Sale | Common Stock | 129,490 | $78.334 | $10.14M |
| Grant/Award | Common Stock | 6,460 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The Regency Group II, a general partnership (Partnership), of which the Reporting Person is a general partner, transferred the shares to the Joan W. Newton 2019 Revocable Trust (2019 Trust), of which the Reporting Person is a co-trustee and beneficiary and, therefore, has voting and dispositive power over the shares. The 2019 Trust sold the shares in multiple transactions, as described in footnote 2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $78.16 to $78.68, inclusive. The Reporting Person undertakes to provide Regency Centers Corporation (Company), any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. By the Partnership, of which the Reporting Person is a general partner. The Partnership transferred the shares to the 2019 Trust, of which the Reporting Person is a co-trustee and beneficiary and, therefore, has voting and dispositive power over the shares. The 2019 Trust sold the shares in multiple transactions, as described in footnote 5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $76.9 to $77.445, inclusive. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. The shares were transferred to the Joan Wellhouse Newton Irrevocable Trust (IRR Trust), of which the Reporting Person is a co-trustee and, as a result, the Reporting Person has voting and dispositive power over the shares. By the IRR Trust, of which the Reporting Person is the co-trustee and a beneficiary. By the Grantor Retained Annuity Trust, of which the Reporting Person is the trustee. By The Regency Group, Inc., a corporation, which is controlled by the Reporting Person and members of his family. By the Wellhouse Trust, a trust held for the Reporting Person's benefit.