Form 4: Alexandria Real Estate Equities Executive Sells Shares to Cover Tax Obligations

Jackie B. Clem, General Counsel & Secretary of Alexandria Real Estate Equities, sold 4,992 shares to cover tax obligations related to vesting restricted stock.

Summary

• Jackie B. Clem, the General Counsel & Secretary of Alexandria Real Estate Equities, sold 4,992 shares of common stock on December 13, 2024.
• The sale was executed at a price of $102.66 per share.
• This transaction was to cover tax obligations arising from the vesting of restricted stock.
• Following the transaction, Clem directly owns 45,124 shares of Alexandria Real Estate Equities.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Similar transactions are common across publicly traded companies, especially in the real estate sector, where stock-based compensation is a significant part of executive pay.
• Other real estate investment trusts (REITs) like Prologis (PLD) and Equity Residential (EQR) also see similar filings from their executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

insider trading, stock sale, tax obligations, restricted stock, executive, Alexandria Real Estate Equities, ARE