Form 4: Centerspace Director John Schissel Acquires Shares Through Restricted Stock Unit Vesting
SEC Form 4 Filing
Director John Schissel acquired 2,076 common shares of Centerspace through the vesting of restricted stock units on May 20, 2025.
Summary
- On May 20, 2025, John Schissel, a director of Centerspace, acquired 2,076 common shares of beneficial interest.
- This acquisition resulted from the vesting of restricted stock units (RSUs).
- Each RSU represents a contingent right to receive one common share of Centerspace.
- Following the transaction, Schissel directly owns 13,898 common shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock vesting, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates routine compensation-related stock vesting.
Stakeholder Impact
- The transaction increases the director's stake in the company, aligning his interests with those of other shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Date of transaction: vesting of restricted stock units and acquisition of common shares. |
| 05/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Centerspace, John Schissel, Director, Form 4, Beneficial Ownership, Restricted Stock Units, RSU, Shares, Acquisition, Vesting
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