Form 4: NETSTREIT Corp. CEO Mark Manheimer Reports Stock Transactions
SEC Form 4
CEO Mark Manheimer reports the vesting of restricted stock units and associated tax withholding, resulting in changes to his beneficial ownership of NETSTREIT Corp. stock.
Summary
- On February 28, 2024, Mark Manheimer, the President, CEO, and Secretary of NETSTREIT Corp., reported transactions involving restricted stock units (RSUs) and common stock.
- The transactions included the vesting of RSUs granted in 2022 and 2023 under the company's incentive compensation plan and alignment of interest program.
- Vesting of the RSUs resulted in the acquisition of common stock.
- Shares were withheld by the issuer to satisfy tax withholding requirements upon the vesting of the RSUs.
- These transactions changed Manheimer's direct beneficial ownership of NETSTREIT Corp. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions reported may be of interest to shareholders as they provide insight into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | Reporting person was granted 41,554 RSUs pursuant to the Issuer's 2019 Omnibus Incentive Compensation Plan, vesting in substantially equal installments on each of the first three anniversaries of the grant date. |
| 02/28/2022 | Reporting person was granted 24,898 RSUs in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program. The RSUs vest in substantially equal installments on each of the first three anniversaries of the grant date. |
| 02/28/2023 | Reporting person was granted 45,567 RSUs pursuant to the Issuer's 2019 Omnibus Incentive Compensation Plan, vesting in substantially equal installments on each of the first three anniversaries of the grant date. |
| 02/28/2023 | Reporting person was granted 21,277 RSUs in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program. The RSUs vest in substantially equal installments on each of the first three anniversaries of the grant date. |
| 02/28/2024 | Date of the reported transactions involving the vesting of RSUs and associated tax withholding. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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