Form 4: Healthcare Realty Trust Director John Singleton Reports Acquisition and Disposal of Common Stock
SEC Form 4
Director John Singleton reports acquiring 8,443 shares of Healthcare Realty Trust Inc. common stock at $15.99 and disposing of 50,582 shares, while also holding partnership units convertible into common stock.
Summary
- On May 21, 2024, John Knox Singleton, a director of Healthcare Realty Trust Inc., reported a transaction involving the company's common stock.
- Singleton acquired 8,443 shares at a price of $15.99 per share.
- Singleton also disposed of 50,582 shares of common stock.
- Following these transactions, Singleton directly owns 52,866 shares and indirectly owns 22,228 partnership units convertible into common stock and 50,582 shares through an IRA.
- The partnership units, designated as LTIP Series D Units, vest on June 4, 2024, and are convertible into common stock on a one-for-one basis upon achieving equivalent capital account balance per unit.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider transactions.
Future Outlook
The partnership units are convertible into common stock on a one-for-one basis upon achieving equivalent capital account balance per unit, which could potentially increase the number of shares held by the reporting person in the future.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders, providing transparency into their transactions and holdings in the company. This filing indicates changes in the director's ownership position in Healthcare Realty Trust.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company directors as it can provide insights into their perspective on the company's value and future prospects.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of transaction: acquisition and disposal of common stock. |
| 05/22/2024 | Date of signature by power of attorney. |
| 06/04/2024 | Vesting date for partnership units (LTIP Series D Units). |
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