Form 4: Alexandria Real Estate Equities Executive Forfeits Shares to Cover Tax Obligations
SEC Form 4 Filing
Orraparn C. Lee, EVP Accounting at Alexandria Real Estate Equities, forfeited shares to cover tax obligations related to vesting restricted stock.
Summary
- On March 29, 2024, Orraparn C. Lee, EVP Accounting at Alexandria Real Estate Equities, reported a transaction involving the forfeiture of 375 common stock shares.
- These shares were forfeited as part of a restricted stock award.
- Additionally, 143 shares were withheld by the issuer to satisfy a tax obligation realized by Lee upon the vesting of restricted stock at a price of $128.91.
- Following these transactions, Lee beneficially owns 42,628 shares of Alexandria Real Estate Equities common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and tax obligations, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their impact on their holdings. This filing indicates standard compensation practices involving stock awards and tax obligations.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of transaction: forfeiture of shares and tax withholding. |
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