Form 4: City Office REIT Director McLernon Reports Stock Transactions
SEC Form 4 Filing
Director John R. McLernon reports transactions involving City Office REIT, Inc. stock, including the conversion of restricted stock units and dividend equivalency payments.
Summary
- On January 24, 2025, Director John R. McLernon reported transactions involving City Office REIT, Inc. stock.
- These transactions include the conversion of 8,476 restricted stock units into common stock and the disposal of 1,695 shares to cover tax obligations.
- McLernon also acquired 362 restricted stock units as a dividend equivalency payment.
- Following these transactions, McLernon directly owns 33,679 shares of common stock and indirectly owns 7,500 shares through McLernon Holdings Ltd.
- He also holds 29,146 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 01/23/2025 | Date of earliest transaction reported for restricted stock units. |
| 01/24/2025 | Date of common stock transactions (conversion of restricted stock units). |
| 01/27/2025 | Date of signature on the Form 4 filing. |
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