Federal Realty President & COO Berkes to depart Dec 31; CEO Wood reassumes President role

Federal Realty OP LP

President & COO Jeffrey S. Berkes departs effective Dec 31, 2024; position not backfilled.
CEO Donald C. Wood reassumes additional role of President after Berkes' departure.
Berkes receives severance per 2021 agreement; one-year consulting deal for acquisition activity.
Expected Q4 2024 charge of ~$0.04/diluted share for net income and FFO.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jeffrey S. Berkes

President and Chief Operating Officer

Federal Realty OP LP

Effective: 2024-12-31
Filed: November 15, 2024, 6:59 PM ET

On November 15, 2024, Federal Realty Investment Trust (the “Company”) reported that Jeffrey S. Berkes, the Company’s President and Chief Operating Officer, will depart from the Company effective as of December 31, 2024.

Role change

Donald C. Wood

President

Federal Realty OP LP

Effective: 2024-12-31
Filed: November 15, 2024, 6:59 PM ET

Concurrently with Mr. Berkes’ departure, Donald C. Wood, the Company’s Chief Executive Officer, will reassume the additional position of President of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey S. Berkes departed as President and Chief Operating Officer at Federal Realty OP LP.

Action: depart
Role: President and Chief Operating Officer

Exact text from the filing

On November 15, 2024, Federal Realty Investment Trust (the “Company”) reported that Jeffrey S. Berkes, the Company’s President and Chief Operating Officer, will depart from the Company effective as of December 31, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Donald C. Wood changed role as President at Federal Realty OP LP.

Action: reassume
Role: President

Exact text from the filing

Concurrently with Mr. Berkes’ departure, Donald C. Wood, the Company’s Chief Executive Officer, will reassume the additional position of President of the Company.

View on SEC.gov

Source: SEC EDGAR

accession 0000034903-24-000073

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