Form 4: City Office REIT Director Sabah Mirza Acquires Additional Restricted Stock Units

Director Sabah Mirza reports the acquisition of 416 Restricted Stock Units (RSUs) of City Office REIT, Inc. as a dividend equivalency payment.

Summary

• On April 24, 2025, Sabah Mirza, a director of City Office REIT, Inc., acquired 416 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 same dates and terms as the underlying RSUs.
• Following the transaction, Mirza directly owns 21,086 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transaction increases the director's stake in the company, aligning their interests with those of shareholders.

Key Dates

Keywords

Restricted Stock Units, RSUs, Director, City Office REIT, Sabah Mirza, Dividend Equivalency, Form 4, Beneficial Ownership