PALMER LISA 4

What Happened

• Lisa Palmer, President & CEO and a director of Regency Centers Corp (REG), had performance shares and restricted stock vest on 2026-02-12, resulting in the conversion/issuance of 82,877 shares. To satisfy tax withholding obligations, 32,625 shares were surrendered at $73.40 per share, totaling $2,394,675. Footnotes in the filing indicate the transaction reflects vesting of performance shares/restricted stock and includes 9,211 shares accrued as dividends and vested with the performance shares.

Key Details

• Transaction date: 2026-02-12; Form 4 filed 2026-02-17 (appears timely given the Presidents’ Day holiday).
• Gross shares issued/converted: 82,877 (vesting of performance shares/restricted stock).
• Shares surrendered to cover taxes (code F): 32,625 at $73.40 each = $2,394,675.
• Footnotes: F1 notes 9,211 dividend-accrued shares vested with the performance shares; F2 notes vesting of performance shares and restricted stock.
• Net shares added from the vesting (gross less tax withholding): 82,877 − 32,625 = 50,252 shares retained by the insider (based on reported numbers).

Context

• This was a vesting/conversion of awards (derivative transactions), not an open-market sale; surrendering shares to cover taxes is a routine administrative step and does not necessarily signal a change in the insider’s view of the company. The filing shows the exercise/conversion of awards and share withholding for tax purposes rather than a cash sale to diversify or exit a position.