Lucy Fato has ceased her role as Executive Vice President, General Counsel, and Corporate Secretary of Seaport Entertainment Group Inc. effective June 25, 2026. Ms. Fato will transition to an Advisor to the President and Chief Executive Officer role and remain employed by the company until August 24, 2026. Her separation is classified as a termination without cause, and she will receive separation payments and benefits as per her employment agreement, contingent on fulfilling her advisory duties and release requirements.