Form 4: BRT Apartments Corp. Executive Matthew J. Gould Reports Acquisition of Restricted Stock

Senior Vice President Matthew J. Gould reports acquisition of 15,322 shares of restricted stock in BRT Apartments Corp.

Summary

• Matthew J. Gould, Senior Vice President of BRT Apartments Corp., filed a Form 4 disclosing a transaction on January 13, 2025.
• He acquired 15,322 shares of common stock as restricted stock under the issuer's 2024 Incentive Plan at a price of $0.
• These shares vest on or about January 11, 2030, contingent upon his continued relationship with the issuer.
• Gould also indirectly owns shares through various entities, including the Gould Family Trust, Gould Shenfeld Family Foundation, BRT Apartments Corp. Pension Trust, 130 Store Company LLC, and Gould Investors L.P.
• The total number of shares beneficially owned following the reported transaction is 494,464.645.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard insider transaction. The acquisition of restricted stock can be seen as a positive sign, but it's a common practice.

Positives

• The acquisition of restricted stock suggests confidence in the company's future performance, as the shares vest over time based on continued service.

Future Outlook

The vesting of the restricted stock on or about January 11, 2030, is contingent upon the reporting person's continued relationship with the issuer.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the ownership structure and management's stake in the company.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.
• Employees may view the vesting of restricted stock as a positive incentive for management.

Key Dates