Item 5.02. Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.
On September 21, 2022, Mark S. Ordan notified Federal Realty Investment Trust
(the "Company") of his decision to resign as a member of the Company's Board of
Trustees (the "Board") effective as of September 30, 2022. Mr. Ordan's
resignation was not the result of any disagreement with the Company on any
matter relating to the Company's operations, policies or practices. Effective as
of October 1, 2022, the Board of the Company elected Thomas A. McEachin as a
Trustee to fill the vacancy created by Mr. Ordan's resignation. Mr. McEachin has
also been appointed to serve on the Board's Compensation and Human Capital
Management Committee and Nominating and Corporate Governance Committee. In
addition, Mr. Anthony R. Nader, III will become the Chair of the Company's
Nominating and Corporate Governance Committee, replacing Mr. Ordan in that role.
For his service on the Board and Committees, Mr. McEachin will receive the same
compensation as that paid to all other non-executive Trustees that do not serve
as the Non-Executive Chairman of the Board.
The Company has determined that Mr. McEachin is independent within the meaning
of the New York Stock Exchange listing standards and the Company's Corporate
Governance Guidelines and qualifies as an audit committee financial expert as
defined by the Securities and Exchange Commission. There is no arrangement or
understanding pursuant to which Mr. McEachin was elected as a Trustee of the
Company, and there are no related party transactions involving Mr. McEachin that
would require disclosure under Item 404(a) of Regulation S-K.
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FEDERAL REALTY INVESTMENT TRUST 
