Form 4: Franklin Street Properties Director Acquires Shares Through Stock Incentive Plan

Franklin Street Properties Corp. Director Dennis J. McGillicuddy acquired 24,725 shares of common stock on May 30, 2025, as part of the company's 2002 Stock Incentive Plan.

Summary

• Director Dennis J. McGillicuddy acquired 24,725 shares of Franklin Street Properties Corp. (FSP) common stock on May 30, 2025.
• The shares were issued to the reporting person pursuant to the Franklin Street Properties Corp. 2002 Stock Incentive Plan.
• The number of shares acquired is equal to $45,000 divided by $1.82, which was the closing price of the Issuer's common stock on the grant date.
• Following this transaction, Mr. McGillicuddy directly beneficially owns 114,516 shares.
• He also indirectly beneficially owns 3,446,136 shares through McGillicuddy Investments Limited Partnership III, 14,091 shares through his spouse, 8,946 shares through various trusts for his grandchildren, and 404,499 shares through McGillicuddy FLP Irrevocable Trust of 2003.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even if granted as compensation, generally indicates alignment of interests with shareholders and is a routine part of executive compensation plans, which is a neutral to slightly positive signal.

Positives

• Director Dennis J. McGillicuddy received 24,725 shares of common stock, which aligns his interests with those of the company's shareholders.
• The shares were granted under the Franklin Street Properties Corp. 2002 Stock Incentive Plan, indicating the company's continued use of equity compensation to incentivize its management and directors.

Negatives

• No explicit negative information was identified in this Form 4 filing.

Risks

• No specific risks related to the company's operations or financial health were identified in this Form 4 filing, as it primarily reports an insider transaction.

Future Outlook

This Form 4 filing is an insider transaction report and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing is specific to an insider transaction at Franklin Street Properties Corp. and does not provide broader industry context or trends.

Related Party Transactions

• Indirect beneficial ownership includes shares held by McGillicuddy Investments Limited Partnership III, where Mr. McGillicuddy is a limited partner.
• Indirect beneficial ownership includes shares held by the reporting person's spouse, for which beneficial ownership is disclaimed.
• Indirect beneficial ownership includes shares held by various trusts for the reporting person's grandchildren, where the spouse is a trustee, and beneficial ownership is disclaimed.
• Indirect beneficial ownership includes shares held by McGillicuddy FLP Irrevocable Trust of 2003, where the beneficiary is a limited partnership of which the reporting person is the general partner.

Stakeholder Impact

• Shareholders may view the director's increased stake, even if granted, as a positive sign of management's alignment with shareholder interests.

Key Dates

Keywords

Franklin Street Properties Corp., FSP, Dennis J. McGillicuddy, Form 4, Insider Transaction, Stock Incentive Plan, Director Compensation, Equity Grant, Beneficial Ownership