Lisa Palmer

President and Chief Executive Officer at Regency Centers Corp

Board

Since January 1, 2020

Age

56 years

Education

Earned a Bachelor's degree from the University of Virginia and an M.B.A. from the Wharton School of the University of Pennsylvania.

Tenure

Joined REG in 1996 and has held several positions including Senior Vice President of Capital Markets starting in 2003, Chief Financial Officer from 2013 to 2019, President from 2016, and President and CEO from 01-01-2020.

Other Roles

Director at Jacksonville Branch of the Federal Reserve Bank of Atlanta, Brooks Rehabilitation; Chair of United Way of Northeast Florida; Member of Nareit, ULI, and ICSC Board of Trustees.

Also at Regency Centers Corp

MESJ

Martin E. Stein, Jr.

Executive Chairman of the Board

ATR

Alan T. Roth

East Region President and Chief Operating Officer

MJM

Michael J. Mas

Executive Vice President and Chief Financial Officer

About

Lisa Palmer is a seasoned executive who has dedicated nearly three decades to REG, beginning her journey in 1996.

Over the years, she has advanced through a series of pivotal roles including serving as the Senior Vice President of Capital Markets from 2003, transitioning to the role of Chief Financial Officer from 2013 to 2019, and later being promoted to President in 2016 before assuming the Chief Executive Officer position on January 1, 2020.

Her academic credentials, which feature a Bachelor's degree from the University of Virginia along with an M.B.A. from the Wharton School of the University of Pennsylvania, have played a key role in shaping her strategic and financial acumen.

While detailed insights into her personal life are limited, her extensive tenure and progressive leadership at REG underscore her commitment to driving the company’s growth and success.

$REG Performance Under Lisa Palmer

External Roles

Organization	Role	Date Range	Details
Jacksonville Branch of the Federal Reserve Bank of Atlanta	Director	N/A	N/A
Brooks Rehabilitation	Director	N/A	Private healthcare organization
United Way of Northeast Florida	Chair	N/A	N/A
Nareit	Executive Member	N/A	N/A
ULI	Member	N/A	N/A
Innovating Commerce Serving Communities (ICSC)	Board of Trustees Member	N/A	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,000,000	Annual	Represents her annual fixed salary; remained unchanged from 2022.
All Other Compensation	$20,217	Annual	Includes items such as retirement plan contributions, insurance premiums, etc..

Performance Compensation

Data from FY 2023

Non-Equity Incentive Plan Awards

Metric	Threshold	Target	Maximum	Weight
Adjusted Core Operating Earnings per Share	$3.73	$3.83	$4.01	80%

Component	Target Cash Amount	Actual Payout	Vesting
Non-Equity Incentive	$1,750,000 (=$1,400,000 + $350,000)	$2,712,500 (1.55x multiple)	Cash-based; paid after performance period.

Additional Notes:

The Corporate Responsibility (ESG) Objectives account for a 20% weight and are paid at the same multiple as the core operating earnings when financial performance exceeds target.
Performance is measured over the 2023 performance period, with discretionary adjustments by the Compensation Committee for payouts below threshold.

Equity Incentive Plan Awards (2023 Plan)

Detail	Value
Performance Metric	Total Shareholder Return (TSR) relative to the FTSE Nareit Equity Shopping Centers Index
Performance Period	2023–2025
Threshold	-20% relative TSR; 0.00x target
Target	0% relative TSR; 1.00x target
Maximum	+20% relative TSR; 2.00x target
Grant Date	February 2, 2023
Grant Date Stock Price	$67.53
Grant Date Fair Value	Performance Shares: $4,466,318

Award Type	Threshold (#)	Target (#)	Maximum (#)	Grant Date Fair Value	Vesting Schedule
Performance Shares	31,690	63,379	126,758	$4,466,318	Vest on February 2, 2026 upon achieving TSR goals.
Restricted Shares	N/A	N/A	N/A	$1,070,000	Vest 25% per year over 4 years starting in 2024.

Additional Details:

Dividend equivalents accrue during the performance period and vest only when underlying shares are earned.
The awards are calibrated to align Lisa Palmer’s incentives with long-term shareholder value creation.
Both the non-equity and equity awards are based on rigorous performance metrics with clearly defined thresholds, targets, and caps, ensuring that payout multiples reflect the extent of performance over their respective evaluation periods.