Form 4: City Office REIT Director Michael Mazan Reports Stock Transactions
SEC Form 4 Filing
Director Michael Mazan reports acquisition and disposal of City Office REIT (CIO) common stock and restricted stock units.
Summary
- On January 24, 2025, Michael Mazan, a director of City Office REIT, Inc. (CIO), reported transactions involving the company's common stock and restricted stock units.
- Mazan acquired 3,877 shares of common stock through the conversion of restricted stock units.
- He also disposed of 977 shares of common stock.
- Following these transactions, Mazan directly owns 2,900 shares of common stock.
- Additionally, Mazan indirectly owns 39,000 shares through HoldCo.
- Mazan was also granted 225 and 10,440 restricted stock units on January 23, 2025.
- 3,877 restricted stock units converted to common shares on January 24, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These transactions provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may provide shareholders with insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 01/23/2025 | Date of earliest transaction; Grant date of 225 and 10,440 Restricted Stock Units |
| 01/24/2025 | Conversion of 3,877 Restricted Stock Units to common stock; Disposal of 977 common stock |
| 01/27/2025 | Date of Form 4 signature |
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