Form 4: Alexandria Real Estate Equities Executive Reports Stock Forfeiture and Tax Withholding
SEC Form 4 Filing
Vincent Ciruzzi, Chief Development Officer of Alexandria Real Estate Equities, reports the forfeiture of restricted stock and shares withheld for tax obligations.
Summary
- On December 31, 2024, Vincent Ciruzzi, Chief Development Officer of Alexandria Real Estate Equities, reported changes in his beneficial ownership of the company's stock.
- He forfeited 1,825 shares of common stock from a previously reported restricted stock award.
- Additionally, 262 shares were withheld by the issuer to cover tax obligations related to the vesting of restricted stock at a price of $97.55 per share.
- Following these transactions, Ciruzzi beneficially owns 72,820 shares of Alexandria Real Estate Equities common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate 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 transactions have a minimal impact on shareholders as they relate to standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of stock forfeiture and tax withholding. |
| 01/02/2025 | Date of report signature. |
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