Form 4: American Healthcare REIT Executive Gabriel Willhite Reports Conversion of Class T Common Stock and Restricted Stock Units
SEC Form 4 Filing
Gabriel Willhite, Chief Operating Officer of American Healthcare REIT, reports the automatic conversion of Class T Common Stock and related restricted stock units into common stock and restricted stock units, respectively, on August 5, 2024.
Summary
- On August 5, 2024, Gabriel Willhite, the Chief Operating Officer of American Healthcare REIT, reported transactions related to the conversion of Class T Common Stock and Restricted Stock Units.
- The conversion was executed under Rule 16b-7 of the Securities Exchange Act of 1934.
- Each share of Class T Common Stock was automatically converted into one share of Common Stock.
- Cash was paid in lieu of fractional shares.
- Each Restricted Stock Unit (RSU) representing Class T Common Stock was converted into one RSU representing Common Stock.
- Willhite now holds 157,177 shares of Common Stock directly.
- Willhite also holds 13,536 Restricted Stock Units.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (stock conversion) and doesn't indicate any significant positive or negative sentiment. It's a neutral disclosure required by regulations.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, ensuring fair markets.
Stakeholder Impact
- The conversion simplifies the company's capital structure, potentially making it easier for investors to understand.
Key Dates
| Date | Description |
|---|---|
| 04/03/2023 | Issuer awarded the Reporting Person 20,303 time-based restricted stock units (RSUs). |
| 08/05/2024 | Date of the Class T Common Stock and Restricted Stock Unit conversion to Common Stock and Restricted Stock Units. |
| 08/07/2024 | Date of the report filing. |
| 04/03/2024 | First vesting date for 20,303 time-based restricted stock units (RSUs). |
| 04/03/2025 | Second vesting date for 20,303 time-based restricted stock units (RSUs). |
| 04/03/2026 | Third vesting date for 20,303 time-based restricted stock units (RSUs). |
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