Guglielmone Daniel 4

What Happened
Daniel Guglielmone, EVP‑CFO and Treasurer of Federal Realty Investment Trust (FRT), had 17,947 restricted shares vest on Feb 11, 2026 (award, code A). To satisfy tax withholding obligations, he surrendered 4,438 of those shares on Feb 12, 2026 (disposition, code F) at a reported value/price of $104.75 per share, totaling $464,881. The award shares were reported at $0.00 acquisition price.

Key Details

• Transactions: 2026-02-11 — Awarded 17,947 restricted shares (A) at $0.00; 2026-02-12 — 4,438 shares surrendered for tax withholding (F) at $104.75 each = $464,881.
• Shares retained from this vesting: 17,947 awarded − 4,438 withheld = 13,509 net shares retained from the award.
• Filing: Form 4 filed 2026-02-13 (appears timely relative to the reported dates).
• Footnote: F1 indicates shares were surrendered to the issuer to satisfy tax withholding on the vesting of restricted shares.
• Transaction codes: A = Award/Grant; F = Tax withholding (surrender of shares).

Context
This was a vesting of restricted stock (not an open‑market purchase or a planned sale). The surrender of shares to cover taxes is a routine, cashless withholding mechanism and does not necessarily indicate a change in the insider’s view of the stock. Purchases by insiders tend to be more direct bullish signals; awards and withholding are common compensation events.