Devereaux Terah L 4

What Happened

• Terah L. Devereaux, Principal Accounting Officer at Regency Centers (REG), had equity awards convert/vest on Feb 12, 2026. A total of 3,506 shares were issued on conversion/vesting. To satisfy tax/withholding obligations, 1,479 shares were surrendered at $73.40 each for a withholding value of $108,559. The 3,506 shares include 3,172 restricted stock shares that vested and 334 shares that were accrued as dividend equivalents tied to performance shares. Net shares received = 3,506 − 1,479 = 2,027 shares.

Key Details

• Transaction date: Feb 12, 2026 (reported on Form 4 filed Feb 17, 2026)
• Shares issued/converted: 3,506 shares (derivative exercise/conversion)
• Withheld/surrendered for tax/exercise: 1,479 shares at $73.40 = $108,559
• Components: 334 shares were dividend equivalents (vested with performance shares); 3,172 shares were restricted stock vesting (per footnotes)
• Shares owned after the transaction: Not reported in the filing
• Filing timeliness: Form 4 was filed Feb 17, 2026 (5 days after the Feb 12 transaction) — marked late in the filing timeline

Context

• This was a vesting/conversion of awards (derivative-to-stock conversion), not an open‑market purchase or a discretionary sale. The surrender of shares was to cover tax withholding — a routine administrative step that does not necessarily reflect a change in the insider’s market view. Derivative entries here represent the conversion/vesting of performance/restricted stock into common shares.