Regency Centers announced that co-founder Joan Wellhouse Stein Newton has passed away at age 97. The company said she co-founded the company in 1963 with her husband, Martin E. Stein, Sr.

1. 01

   Regency Centers announced that co-founder Joan Wellhouse Stein Newton has passed away at age 97. The company said she co-founded the company in 1963 with her husband, Martin E. Stein, Sr.

2. 02

   The company said that after her husband's death in 1987, Newton served as Chair of the Board, led the company through its initial public offering in 1993, continued as Chair until 1997, and then served as Chair Emeritus until 2006.

3. 03

   Regency Centers said that Executive Chair Martin E. ("Hap") Stein, Jr. has advised the company that in connection with his mother's passing and implementation of her estate plan, between 150,000 and 200,000 shares of the company's common stock, which the company has previously disclosed as being beneficially owned by Mr. Stein, may be sold over the next several days pursuant to Rule 144.

4. 04

   The company said the disclosure is intended to provide transparency to shareholders and that the possible sales should not be interpreted to indicate any change in Mr. Stein's status as Executive Chair or in his commitment to the company. It added that no assurance can be given that any such sales will be consummated.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.