Form 4: Alexandria Real Estate Equities Executive Chairman, Joel S. Marcus, Reports Changes in Beneficial Ownership

Joel S. Marcus, Executive Chairman of Alexandria Real Estate Equities, reports the forfeiture of restricted stock and shares withheld for tax obligations on March 29, 2024.

Summary

• On March 29, 2024, Joel S. Marcus, the Executive Chairman of Alexandria Real Estate Equities, reported changes in his beneficial ownership of the company's common stock.
• He forfeited 10,655 shares of common stock from a previously reported restricted stock award.
• Additionally, 5,400 shares were withheld by the issuer to cover tax obligations related to the vesting of restricted stock at a price of $128.91 per share.
• Following these transactions, Marcus directly owns 413,483 shares of Alexandria Real Estate Equities common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to stock-based compensation and tax obligations, which are common practices in publicly traded companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to executive compensation and tax obligations.

Key Dates