Form 4: Peakstone Realty CEO Sells Shares for Tax Obligations

Peakstone Realty Trust's CEO and President, Michael J. Escalante, disposed of 38,952 common shares at $14.22 each to cover tax withholding obligations related to restricted share units.

Summary

• Michael J. Escalante, CEO, President, and Director of Peakstone Realty Trust, reported a disposition of common stock.
• The transaction involved 38,952 shares of common stock.
• The shares were disposed of at a price of $14.22 per share.
• The disposition was made to satisfy tax withholding obligations related to the vesting of 72,333 time-based restricted share units granted on March 7, 2025.
• Following this transaction, Mr. Escalante beneficially owns 568,649 shares of common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine administrative event related to executive compensation and tax obligations, carrying a neutral sentiment for the company's operational or financial performance.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine tax-related disposition of shares by an insider, not indicative of a change in company fundamentals or management's long-term view.
• Employees: Reflects standard equity compensation practices for executives.

Key Dates

Keywords

Peakstone Realty Trust, PKST, Michael J. Escalante, Insider Trading, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, CEO, Director