Form 4: Alexandria Real Estate Equities Executive Lawrence J. Diamond Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Lawrence J. Diamond, Co-Chief Operating Officer of Alexandria Real Estate Equities, reports changes in beneficial ownership due to forfeiture of restricted stock and shares withheld for tax obligations.
Summary
- On March 29, 2024, Lawrence J. Diamond, Co-Chief Operating Officer of Alexandria Real Estate Equities, reported changes in his beneficial ownership of the company's common stock.
- He forfeited 1,105 shares of restricted stock.
- Additionally, 368 shares were withheld by the issuer to cover tax obligations related to the vesting of restricted stock at a price of $128.91.
- Following these transactions, Diamond's direct ownership decreased, resulting in a total of 132,346 shares of common stock beneficially owned.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard compensation practices; it doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. This filing indicates routine activity related to stock-based compensation.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of transaction: forfeiture of restricted stock and tax withholding. |
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