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    Donald C. Wood

    Chief Executive Officer, Trustee at Federal Realty Investment Trust
    Board
    Since 2003
    Age
    63 years
    Education
    Earned a Bachelor of Science (BS) in Business Administration from Montclair State College.
    Tenure
    Joined FRT in 1998, held roles including CFO, COO, and President (2001-2003), and has served as CEO since 2003.

    Also at Federal Realty Investment Trust

    DG
    Daniel Guglielmone
    EVP, Chief Financial Officer, and Treasurer
    DMB
    Dawn M. Becker
    EVP, General Counsel, and Secretary

    About

    Donald C. Wood is the Chief Executive Officer and Trustee of FRT, bringing a wealth of experience from decades in finance and real estate. His early career included significant financial roles such as audit manager and CFO at reputable companies, which laid the foundation for his advanced leadership skills.

    Throughout his career, he has demonstrated an ability to lead and innovate within the competitive world of real estate investment. His transition from roles like CFO and COO to becoming President, and ultimately CEO, highlights a deep understanding of financial operations and strategic management. This evolution within FRT underscores his commitment to driving the company forward.

    Beyond his executive responsibilities, his involvement with industry groups and service on the boards of other public companies showcases a broader influence in the REIT field. This blend of detailed financial acumen and broad industry leadership forms the cornerstone of his longstanding career at FRT.

    $FRT Performance Under Donald C. Wood

    Past Roles

    Organization Role Date Range Details
    Quality Care Properties Director 2016-2018 Served as director
    Post Properties Director 2011-2016 Served as director
    National Association of Real Estate Investment Trusts Chairman of the Board of Trustees 2011-2012 Chaired the board
    ICSC (International Council of Shopping Centers) Board of Governors N/A Served on the board
    Federal Realty Investment Trust President 2001-2003 Held prior to CEO role
    Federal Realty Investment Trust Chief Operating Officer 1998-2003 Held at various points
    Federal Realty Investment Trust Chief Financial Officer 1998-2003 Held at various points
    Caesars World, Inc. Chief Financial Officer 1996-1998 Served as CFO before joining FRT
    ITT Corporation Assistant/Deputy Controller 1990-1996 Held the role before FRT tenure
    Trump Taj Mahal Associates Vice President of Finance 1989-1990 Held the role before FRT tenure
    Arthur Andersen Audit Manager 1982-1989 Held the role before FRT tenure

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary $1,000,000 Annually Fixed portion of total compensation with no changes in 2023

    Performance Compensation

    Data from  FY 2023

    Annual Bonus

    MetricDetail
    Target Annual Bonus $1,500,000 (150% of base pay)
    Actual Earned Bonus $1,875,000 (125% of target)
    Performance Metrics Not specified; based on company and individual performance
    Vesting Schedule Option to receive up to 25% as shares vesting equally over 3 years with accelerated vesting upon certain events (death, disability, change in control, termination without cause)
    Other Details Cash portion reflected under the "Non-Equity Incentive Plan Compensation" column

    Long-Term Equity Awards

    ComponentShares/UnitsGrant Date & Fair ValueVesting ScheduleAdditional Details
    Grant 1 5,111 shares Granted on February 7, 2023; Fair Value: $562,517 Equal vesting over 3 years (1-year performance period ending December 31, 2022) N/A
    Grant 2 53,971 shares Granted on February 7, 2023; Fair Value: $5,940,048 Equal vesting over 3 years (3-year performance period ending December 31, 2022) As of December 31, 2023, market value of $5,561,712 based on a closing price of $103.05 on December 29, 2023