Real Estate
Federal Realty Investment Trust Executive Compensation (FY25)
FRT · North Bethesda, MD · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 6, 2026
191 figures on this page: 180 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Donald Wood: $9,240,530 → $9,929,147 (7.5% higher)
Say-on-pay support: 92.2% → 93.5% (1.3 points higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Federal Realty Investment Trust's chief executive and what were they paid?
Donald Wood, Chief Executive Officer and President, received $9,929,147 in total compensation for fiscal 2025. Wood's total moved 7.5% higher from the $9,240,530 reported for fiscal 2024.
What was Federal Realty Investment Trust's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 93.5% of votes cast for or against in favor at the meeting held May 6, 2026.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Donald Wood Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Daniel Guglielmone Executive Vice President-Chief Financial Officer & Treasurer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jeffrey Berkes President and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Dawn Becker Executive Vice President-General Counsel & Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Donald Wood Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jeffrey Berkes President & Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Daniel Guglielmone Executive Vice President-Chief Financial Officer & Treasurer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Dawn Becker Executive Vice President-General Counsel & Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Donald Wood Chief Executive Officer and President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jeffrey Berkes Former President and Chief Operating Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Dawn Becker Executive Vice President-Chief Legal & Administrative Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Daniel Guglielmone Executive Vice President-Chief Financial Officer & Treasurer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Donald Wood Chief Executive Officer and President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Daniel Guglielmone Executive Vice President-Chief Financial Officer & Treasurer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Dawn Becker Executive Vice President-Chief Legal Officer & Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Daniel Guglielmone | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Dawn M. Becker | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Dawn M. Becker | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Donald C. Wood | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Donald C. Wood | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Donald Wood | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Dawn Becker | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Daniel Guglielmone | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
David W. Faeder Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Gail P. Steinel | ◇ | ◇ | — | — | — | — | ◇ |
Anthony P. Nader, III | ◇ | ◇ | — | — | — | — | ◇ |
Elizabeth I. Holland | ◇ | ◇ | — | — | — | — | ◇ |
Nicole Y. Lamb-Hale | ◇ | ◇ | — | — | — | — | ◇ |
Thomas A. McEachin | ◇ | ◇ | — | — | — | — | ◇ |
Joseph D. Fisher and Donald C. Wood served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee member | ◇ |
| Compensation committee member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
- Bloomberg REIT Shopping Center Index symbol not shown
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 6, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 7, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 1, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 3, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 4, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 5, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 6, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 1, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 2, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 3, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | May 4, 2016 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Federal Realty Investment Trust disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Federal Realty Investment Trust sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
191 figures on this page: 180 cited to the filing that reported them, 11 calculated from figures it prints.
180 cited to the filing
11 calculated from the filing
Documents cited
- 0000034903-26-000031Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000034903-25-000039Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-25-066328SUMMARY COMPENSATION TABLE
- 0000034903-24-000047Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-24-074608SUMMARY COMPENSATION TABLE
- 0000034903-23-000045Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-26-127642Grants of Plan Based Awards Table · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END TABLE · SUMMARY COMPENSATION TABLE · Summary Compensation Table · and 1 more section
- 0000034903-22-000046Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000034903-21-000051Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-20-134999
- 0000034903-19-000025Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000034903-18-000018Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000034903-17-000017
- 0001193125-16-582115Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Federal Realty Investment Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FRT (accessed 2026).
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}