Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers. On December 15, 2025, the Board of Directors (the “Board”) of Regency Centers Corporation (the “Company”) voted to elect Mark J. Parrell to serve as a director of the Company, effective January 1, 2026. Mr.…
Filed Dec 16, 2025Accepted Dec 16, 2025, 8:35 AM ESTCIK 910606Accession 0001193125-25-320036
Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member.
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers.
On December 15, 2025, the Board of Directors (the “Board”) of Regency Centers Corporation (the “Company”) voted to elect Mark J. Parrell to serve as a director of the Company, effective January 1, 2026. Mr. Parrell currently serves as the President, Chief Executive Officer and member of the Board of Trustees of Equity Residential (NYSE: EQR), a position he has held since January 2019. In connection with Mr. Parrell’s appointment, the Board also voted to increase the size of the Board from eleven (11) to twelve (12).
Mr. Parrell’s term will expire at the Company’s 2026 annual meeting of stockholders and until his successor, if any, has been identified. Mr. Parrell will initially serve on the Board’s Audit and Investment committees. The Company has determined that Mr. Parrell is independent of the Company and its management within the meaning of the Nasdaq Stock Market listing standards.
Mr. Parrell will participate in the Company’s standard compensation program for non-employee directors, currently consisting of an annual cash retainer of $75,000, additional cash retainers for membership on the Committees on which he serves, and an annual common stock rights grant valued at $125,000 (based on the Company’s stock price at the date of grant), which vests on the first anniversary of the grant. Mr. Parrell’s compensation will be prorated to reflect his partial year of service from January 1, 2026 until the Company’s 2026 annual meeting of shareholders. A description of non-executive director compensation is set forth in the section entitled “Director Compensation” in the Company’s proxy statement filed March 26, 2025.
There is no arrangement or understanding pursuant to which Mr. Parrell was elected as a director of the Company, and there are no related party transactions involving Mr. Parrell that would require disclosure under Item 404(a) of Regulation S-K.
On December 16, 2025, the Company issued a press release, attached as Exhibit 99.1 to this Form 8-K, announcing the election of Mr. Parrell to the Company’s Board.
Filed exhibits (1)
EX-99.1 (by filename) reg-ex99_1.htm
EX-99.1
2
reg-ex99_1.htm
EX-99.1
EX-99.1
Exhibit 99.1
News Release
For immediate release
Kathryn McKie
904 598 7348
KathrynMcKie@regencycenters.com
Eric Davidson
904 598 7829
EricDavidson@regencycenters.com
Regency Centers Elects Mark J. Parrell to Board of Directors
JACKSONVILLE, Fla. (December 16, 2025) - Regency Centers Corporation (“Regency Centers” or “Regency”) (Nasdaq: REG) today announced the election of Mark J. Parrell to its Board of Directors (the “Board”), effective January 1, 2026. With the addition of Mr. Parrell as an independent director, Regency will expand the size of its Board to twelve directors.
“We are delighted to welcome Mark to our Board,” said Martin E. “Hap” Stein, Jr., Executive Chair of Regency Centers. “His proven leadership and extensive experience in the real estate business, including as both CEO and CFO of a sector-leading S&P 500 commercial residential real estate company, will be invaluable as we continue to execute our strategy and create long-term value for our shareholders.”
Mr. Parrell currently serves as President, Chief Executive Officer, and member of the Board of Trustees of Equity Residential (NYSE: EQR), a posi…
