Form 4: Cedar Realty Trust CEO Sells Series C Preferred Stock in Tender Offer

CEO Michael Andrew Franklin sold 195 shares of Cedar Realty Trust's 6.50% Series C Cumulative Redeemable Preferred Stock as part of a tender offer.

Summary

• Michael Andrew Franklin, CEO of Cedar Realty Trust, sold 195 shares of the company's 6.50% Series C Cumulative Redeemable Preferred Stock on March 27, 2025.
• The sale was part of a tender offer by Cedar Realty Trust to purchase up to 584,615 shares of Series C stock at $16.25 per share.
• The tender offer expired on March 21, 2025.
• Following the transaction, Franklin directly owns 855 shares of the 6.50% Series C Cumulative Redeemable Preferred Stock and 2,890 shares of the 7.25% Series B Cumulative Redeemable Preferred Stock.

Sentiment

Score: 5

Explanation: The document simply reports a transaction related to a tender offer. It's a neutral event.

Industry Context

Tender offers are often used by companies to repurchase their own shares, potentially increasing earnings per share and providing liquidity to shareholders.

Stakeholder Impact

• Shareholders who participated in the tender offer received cash for their shares.
• The company reduced the number of outstanding preferred shares.

Key Dates

Keywords

Cedar Realty Trust, Michael Andrew Franklin, Series C Preferred Stock, Series B Preferred Stock, Tender Offer, Sale of Shares, Beneficial Ownership, Form 4