Form 4: Federal Realty Investment Trust: Officer Jeffrey S. Berkes Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Jeffrey S. Berkes, President and COO of Federal Realty Investment Trust, disposed of shares to cover tax obligations related to vesting restricted shares on December 31, 2024.
Summary
- On December 31, 2024, Jeffrey S. Berkes, President and COO of Federal Realty Investment Trust, reported a transaction involving the disposal of common shares.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted shares.
- Berkes disposed of 15,515 common shares at a price of $111.95.
- Following the transaction, Berkes directly owns 37,553 common shares of Federal Realty Investment Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes and doesn't indicate a significant change in the executive's holdings or outlook.
Industry Context
This filing is a routine disclosure of an insider transaction related to tax obligations, which is a common occurrence in publicly traded companies. It doesn't necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction: Disposal of shares to cover tax obligations. |
| 01/03/2025 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.