Form 4: BRT Apartments Corp. Director Fredric H. Gould Reports Acquisition of Restricted Stock

Director Fredric H. Gould reports acquiring 12,656 shares of BRT Apartments Corp. restricted stock on January 13, 2025, under the company's 2024 Incentive Plan.

Summary

• Fredric H. Gould, a director of BRT Apartments Corp., filed a Form 4 on January 15, 2025.
• The report details a transaction on January 13, 2025, where Mr. Gould acquired 12,656 shares of common stock.
• These shares were issued as restricted stock under the issuer's 2024 Incentive Plan.
• The restricted stock vests on or about January 11, 2030, contingent upon Mr. Gould's continued relationship with the issuer.
• Following the reported transaction, Mr. Gould beneficially owns 449,434.012 shares of common stock directly.
• Mr. Gould also has indirect ownership through his spouse (10,012 shares), as custodian for a minor (2,468 shares), and as trustee of a trust for his spouse (11,500 shares).
• Mr. Gould disclaims beneficial interest in the shares held by his spouse and as custodian.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock by a director suggests confidence in the company's future, but it's a routine transaction.

Positives

• The acquisition of restricted stock aligns Mr. Gould's interests with the long-term performance of BRT Apartments Corp.
• The vesting schedule encourages continued service and commitment from Mr. Gould.

Future Outlook

The restricted stock vests on or about January 11, 2030, contingent upon Mr. Gould's continued relationship with the issuer, suggesting an expectation of continued service.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a director's acquisition of company stock, which can be seen as a positive sign of confidence in the company's future.

Stakeholder Impact

• The acquisition of restricted stock by a director can be viewed positively by shareholders as it aligns management's interests with the company's long-term success.

Key Dates