Form 4: Franklin Street Properties Director Acquires Shares Under Incentive Plan, Consolidates Holdings in Trust

A director at Franklin Street Properties Corp. has reported the acquisition of 24,725 shares of common stock under an incentive plan and the transfer of a significant portion of his existing direct holdings into a revocable living trust.

Summary

• John N. Burke, a Director of Franklin Street Properties Corp. (FSP), reported changes in his beneficial ownership of the company's common stock.
• On May 30, 2025, Mr. Burke acquired 24,725 shares of common stock at a price of $0 per share, issued pursuant to the Franklin Street Properties Corp. 2002 Stock Incentive Plan.
• The value of the acquired shares is $45,000, calculated based on the closing price of $1.82 per share on the grant date.
• As of May 30, 2025, Mr. Burke's direct beneficial ownership increased to 24,727 shares.
• Additionally, on September 30, 2024, 22,727 shares previously held directly by Mr. Burke were transferred to his revocable living trust, where he serves as trustee with full investment authority and sole beneficiary.
• Following these transactions, Mr. Burke's total beneficial ownership includes 24,727 shares held directly, 95,510.913 shares held indirectly by trust, and 27,087.31 shares held indirectly by 401(k), totaling approximately 147,325.223 shares.

Sentiment

Score: 7

Explanation: The sentiment is positive due to a director's acquisition of shares, indicating confidence in the company. The transfer to a trust is a personal financial planning move and does not negatively impact sentiment.

Positives

• A director, John N. Burke, acquired 24,725 shares of common stock, indicating continued confidence in the company's future.
• The shares were issued under a stock incentive plan, aligning management's interests with shareholder value.

Future Outlook

This Form 4 filing does not provide forward-looking statements or guidance beyond the reported transactions.

Industry Context

This filing is a standard disclosure of insider stock transactions, common across all publicly traded companies. It reflects an individual director's ownership changes rather than broader industry trends.

Related Party Transactions

• The acquisition of shares by Director John N. Burke under the company's 2002 Stock Incentive Plan constitutes a related party transaction.
• The transfer of shares by Director John N. Burke to his revocable living trust is also a related party transaction.

Stakeholder Impact

• Shareholders: Increased insider ownership can be seen as a positive signal, potentially boosting investor confidence.
• Employees: The stock incentive plan indicates a mechanism for aligning employee/director interests with company performance.

Key Dates

Recommendation

Keywords

Franklin Street Properties Corp, FSP, SEC Form 4, Insider Trading, Stock Ownership, Director, Equity Compensation, Stock Incentive Plan, Beneficial Ownership, Trust Transfer