Form 4: Franklin Street Properties Director Georgia Murray Receives $45,000 Equity Grant

Franklin Street Properties Corp. Director Georgia Murray was granted 24,725 shares of common stock valued at $45,000 as part of the company's 2002 Stock Incentive Plan.

Summary

• Georgia Murray, a Director of Franklin Street Properties Corp. (FSP), acquired 24,725 shares of common stock on May 30, 2025.
• The shares were granted at a price of $0 per share, indicating an equity award rather than a cash purchase.
• This grant was made pursuant to the Franklin Street Properties Corp. 2002 Stock Incentive Plan.
• The total value of the grant was $45,000, calculated based on the closing price of $1.82 per share on the grant date.
• Following this transaction, Ms. Murray directly beneficially owns a total of 155,641 shares of common stock.

Sentiment

Score: 7

Explanation: The document reports a routine equity grant to a director, which is a positive event for the individual and generally viewed as a neutral to slightly positive signal for the company as it aligns interests. No negative information is present.

Positives

• The grant of 24,725 shares to Director Georgia Murray aligns her interests with those of the company's shareholders.
• The transaction demonstrates the company's continued use of its 2002 Stock Incentive Plan to compensate directors, a common practice for incentivizing long-term performance.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• /s/ Georgia Murray

Industry Context

This filing reports a routine equity compensation event for a director, which is a common practice across publicly traded companies, including those in the real estate sector like Franklin Street Properties Corp. (FSP). Such grants are standard practice for aligning management and director interests with shareholder value.

Comparison to Industry Standards

• The grant of equity to directors is a common practice in corporate governance across various industries, including Real Estate Investment Trusts (REITs).
• While specific grant sizes and valuation methodologies vary, the use of stock incentive plans like Franklin Street Properties Corp.'s 2002 plan is standard for compensating and incentivizing board members.
• Without specific details on FSP's peer group compensation policies or the director's overall compensation package, a direct comparison to specific comparable companies or projects is not feasible from this document alone.

Corporate Governance

Related Party Transactions

• The grant of shares to Director Georgia Murray by Franklin Street Properties Corp. is a related party transaction, as it involves a transaction between the company and a member of its board of directors.

Stakeholder Impact

• Shareholders: The grant of shares to a director can be seen as a mechanism to align management interests with shareholder value. However, it also represents a minor dilution if new shares are issued.

Key Dates

Keywords

Franklin Street Properties Corp., FSP, SEC Form 4, Insider Transaction, Stock Grant, Equity Compensation, Director Compensation, Common Stock, Stock Incentive Plan, Real Estate Investment Trust