Form 4: Richard J. Pinola Reports Changes in Beneficial Ownership of Net Lease Office Properties (NLOP)
SEC Form 4 Filing
Director Richard J. Pinola reports the conversion of dividend equivalents into 136 shares of Net Lease Office Properties common stock on November 2, 2024.
Summary
- Richard J. Pinola, a director of Net Lease Office Properties (NLOP), reported a transaction on November 2, 2024.
- Dividend equivalents were converted into 136 shares of NLOP common stock at a price of $0 per share.
- This conversion was related to the vesting of restricted stock units.
- Following the transaction, Pinola directly owns 12,164 shares of NLOP common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares related to dividend equivalents.
Key Dates
| Date | Description |
|---|---|
| 11/02/2024 | Date of transaction: Conversion of dividend equivalents into common stock. |
| 11/05/2024 | Date of signature on the report. |
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