Form 4: NETSTREIT Corp. Director Robin Zeigler Reports Stock Unit Vesting
SEC Form 4 Filing
Director Robin Zeigler reports the vesting of restricted stock units and subsequent disposal of shares to cover associated obligations.
Summary
- On February 28, 2024, NETSTREIT Corp. Director Robin McBride Zeigler reported a transaction involving restricted stock units (RSUs).
- 4,458 RSUs vested, each representing a contingent right to receive one share of common stock.
- These RSUs were granted on February 28, 2023, under the company's 2019 Omnibus Incentive Compensation Plan and vested 100% on the first anniversary of the grant date, subject to continued service as a director.
- Following the vesting, 4,458 shares of common stock were acquired, and then disposed of.
- After the reported transactions, Zeigler directly owns 13,151 shares of NETSTREIT Corp. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/28/2023 | Reporting person was granted 4,458 RSUs pursuant to the Issuer's 2019 Omnibus Incentive Compensation Plan |
| 02/28/2024 | Restricted stock units vested and shares were acquired and disposed of. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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