Form 4: City Office REIT Director Michael Mazan Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Michael Mazan reports the acquisition of restricted stock units in City Office REIT, Inc. as a dividend equivalency payment.
Summary
- On October 24, 2024, Michael Mazan, a director of City Office REIT, Inc. (CIO), acquired 198 Restricted Stock Units (RSUs) as a dividend equivalency payment.
- These RSUs convert into common stock on a one-for-one basis and vest under the same terms as the underlying RSUs they relate to.
- Mazan's total direct holdings of derivative securities following the transaction is 11,407 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine filing related to director compensation. It doesn't indicate positive or negative sentiment, just a standard reporting requirement.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of restricted stock units by a director aligns their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of transaction: Michael Mazan acquired Restricted Stock Units. |
| 10/25/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.