Form 4: CareTrust REIT Executive Acquires 21,168 Restricted Shares
SEC Form 4 Filing
James Callister, CIO and Secretary of CareTrust REIT, acquired 21,168 restricted shares of common stock on January 28, 2025.
Summary
- James Callister, the CIO and Secretary of CareTrust REIT, acquired 21,168 restricted shares of the company's common stock on January 28, 2025.
- These shares were granted as restricted stock and will vest after a one-year period, specifically on January 31, 2026.
- The acquisition did not involve a monetary transaction, as the price per share was $0.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management's interests with shareholders. There are no negative implications.
Positives
- The acquisition of restricted shares by a key executive demonstrates confidence in the company's future performance.
- The vesting period of one year aligns the executive's interests with the long-term success of the company.
Future Outlook
The restricted shares will vest on January 31, 2026, which is a future event tied to the executive's compensation.
Industry Context
This is a standard practice for executive compensation in publicly traded companies, using restricted stock to align management's interests with shareholder value.
Comparison to Industry Standards
- Granting restricted stock to executives is a common practice in the REIT industry and across other sectors.
- Many companies use similar vesting schedules, often ranging from one to three years, to incentivize long-term performance.
- The amount of shares granted is typical for executive compensation packages, though the specific number varies based on the company's size and executive's role.
Stakeholder Impact
- The acquisition of restricted shares by a key executive can be viewed positively by shareholders as it aligns management's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | Date of the transaction where James Callister acquired restricted shares. |
| 01/30/2025 | Date the Form 4 was signed by attorney-in-fact. |
| 01/31/2026 | Vesting date for the restricted shares. |
Keywords
CareTrust REIT, restricted stock, executive compensation, insider trading, Form 4, James Callister, CTRE
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