Form 4: City Office REIT CEO James Farrar Reports Acquisition and Disposal of Restricted Stock Units
SEC Form 4 Filing
CEO James Farrar reports changes in beneficial ownership of City Office REIT, Inc. stock, involving the acquisition and disposal of restricted stock units.
Summary
- James Farrar, CEO of City Office REIT, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report includes the acquisition of 2,514 Restricted Stock Units (RSUs) as a dividend equivalency payment.
- Farrar also reported the disposal of 144,790 derivative securities.
- These RSUs convert into common stock on a one-for-one basis and vest in three equal installments on the anniversaries of the initial grant date, contingent upon continued service.
- Vested shares will be delivered to Farrar promptly upon the vesting of the related restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 07/24/2024 | Date of transaction involving Restricted Stock Units. |
| 07/25/2024 | Date of signature for the Form 4 filing. |
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