Form 4: ARE EVP Lee Reports Stock Forfeiture, Tax Withholding

Alexandria Real Estate Equities EVP of Accounting, Orraparn C. Lee, reported a forfeiture of restricted stock and shares withheld for tax obligations.

Summary

• Orraparn C. Lee, EVP Accounting at Alexandria Real Estate Equities, Inc. (ARE), reported changes in beneficial ownership.
• On January 23, 2026, Lee forfeited 1,120 shares of common stock, representing a portion of a previously reported restricted stock award.
• Following this forfeiture, Lee's direct beneficial ownership was 48,344 shares.
• Also on January 23, 2026, 95 shares of common stock were disposed of at a price of $59.69 per share.
• These 95 shares were withheld by the issuer to satisfy a tax obligation upon the vesting of restricted stock.
• After these transactions, Lee's direct beneficial ownership stands at 48,249 shares of common stock.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of insider transactions related to executive compensation and tax obligations. It is neutral in sentiment as it reflects standard operational procedures rather than significant positive or negative corporate events.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction disclosure and does not provide broader industry context or trends. It reflects individual compensation and tax-related activities of an executive within the real estate investment trust (REIT) sector, specifically for a company focused on life science and technology campuses.

Related Party Transactions

• The transactions involve an executive (Orraparn C. Lee) and the issuer (Alexandria Real Estate Equities, Inc.), which are considered related parties. The forfeiture of restricted stock and the withholding of shares for tax obligations are standard related-party transactions arising from executive compensation plans.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine compensation-related transactions for an executive, not indicative of broader company performance or strategic shifts. The change in beneficial ownership is small relative to total outstanding shares.
• Employees: No direct impact on general employees.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation (restricted stock forfeiture and tax withholding). It does not provide any new material information about the company's financial performance, strategic direction, or operational health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining the current stance based on broader company fundamentals rather than this specific disclosure.

Keywords

Alexandria Real Estate Equities, ARE, Orraparn C. Lee, EVP Accounting, Form 4, Insider Trading, Stock Forfeiture, Restricted Stock, Tax Withholding, Beneficial Ownership