MAS MICHAEL J 4

What Happened

• Michael J. Mas, EVP and Chief Financial Officer of Regency Centers (REG), reported exercises/conversions of equity on Feb 12, 2026. The Form 4 shows derivative exercises/conversions totaling 52,392 shares (26,196 shares reported as acquired and additional entries of 23,287 and 2,909 shares reported at $0.00).
• To cover tax withholding, 10,367 shares were surrendered at $73.40 per share, generating about $760,938. The filing reflects vesting of performance shares and restricted stock rather than an open‑market sale or purchase.

Key Details

• Transaction date: 2026-02-12; Form 4 filed: 2026-02-17.
• Reported exercises/conversions: 52,392 shares total (26,196 acquired; 23,287 and 2,909 reported at $0.00).
• Tax withholding: 10,367 shares withheld/disposed at $73.40 for ~$760,938.
• Footnotes: F1 — 2,909 shares reflect dividend accruals that vested with restricted/performance shares; F2 — vesting of performance shares and restricted stock.
• Shares owned after transaction: Not specified in the filing.
• Filing timing: The Form 4 was filed five days after the transactions (Feb 12 → Feb 17); Form 4s are typically due within two business days, so investors may note the timing.

Context

• This appears to be a vesting/exercise and tax‐withholding event (net settlement), not an open‑market purchase or purposeful sale for liquidity. Such filings mainly reflect compensation vesting and standard tax withholding, not necessarily a change in the insider’s market view.