Form 4: NETSTREIT Corp. Executive Gibbs Reports Stock Transactions
SEC Form 4 Filing
Patricia Gibbs, SVP, CAO of NETSTREIT Corp., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On August 17, 2024, Patricia Gibbs, SVP, CAO of NETSTREIT Corp., reported transactions involving NETSTREIT Corp. common stock.
- Gibbs vested 2,778 restricted stock units (RSUs), each representing a contingent right to receive one share of common stock.
- 873 shares were withheld by the issuer to satisfy mandatory tax withholding requirements at a price of $16.01 per share.
- Following these transactions, Gibbs directly owns 14,613 shares of common stock and 2,778 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions related to executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/17/2020 | Reporting person was granted 13,889 RSUs pursuant to the Issuer's 2019 Omnibus Incentive Compensation Plan. |
| 08/17/2024 | Vesting of 2,778 restricted stock units and tax withholding. |
| 08/20/2024 | Date of signature for the Form 4 filing. |
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