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

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 Name	Amount	Payment Schedule	Additional 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

Metric	Detail
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

Component	Shares/Units	Grant Date & Fair Value	Vesting Schedule	Additional 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