Form 4: CFO of CenterSpace Reports Stock Transactions
SEC Form 4 Filing
Bhairav Patel, EVP and CFO of CenterSpace, reports the acquisition and disposal of common shares and restricted stock units on March 31, 2025.
Summary
- On March 31, 2025, Bhairav Patel, the EVP and CFO of CenterSpace, reported transactions involving the company's stock.
- Patel acquired 915 common shares of beneficial interest through the vesting of restricted stock units.
- Simultaneously, Patel disposed of 309 shares to cover tax obligations at a price of $64.75 per share.
- Following these transactions, Patel directly owns 3,233 common shares and 1,831 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of earliest transaction: acquisition of 915 common shares and disposal of 309 shares. |
| 03/31/2025 | Restricted Stock Units exercisable date. |
| 03/31/2026 | Restricted Stock Units expiration date. |
| 04/01/2025 | Date of signature for the report. |
Keywords
Form 4, insider trading, stock transaction, CFO, CenterSpace, CSR, Bhairav Patel, restricted stock units, common shares
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