Form 4: City Office REIT Director Michael Mazan Acquires Additional Restricted Stock Units
SEC Form 4 Filing
Director Michael Mazan acquired 236 Restricted Stock Units (RSUs) of City Office REIT, Inc. as a dividend equivalency payment.
Summary
- On April 24, 2024, Michael Mazan, a director of City Office REIT, Inc. (CIO), acquired 236 Restricted Stock Units (RSUs).
- These RSUs were received as a dividend equivalency payment related to previously issued RSUs.
- The RSUs convert into common stock on a one-for-one basis and vest in three substantially equal installments on the anniversaries of the initial grant date, contingent upon continued service.
- Mazan's total holdings following the transaction include 11,014 RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for investor confidence.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 04/24/2024 | Date of transaction: Michael Mazan acquired Restricted Stock Units. |
| 04/26/2024 | Date of signature on the Form 4 filing. |
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