Form 4: Peakstone Realty Trust CEO Michael Escalante Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
CEO Michael Escalante of Peakstone Realty Trust reports the withholding of 2,627 common shares to cover tax obligations related to the vesting of restricted share units.
Summary
- On March 25, 2025, Peakstone Realty Trust CEO Michael Escalante had 2,627 common shares withheld by the issuer to satisfy tax obligations.
- This withholding was related to the delivery of common shares underlying 4,877 previously reported time-based restricted share units granted on March 25, 2021.
- Following the transaction, Escalante directly owns 607,601 common shares and indirectly owns 28,133 common shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding tax withholding, indicating a neutral sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 03/25/2021 | Date of grant for 4,877 time-based restricted share units to Michael Escalante. |
| 03/25/2025 | Date of common shares withheld by Issuer to satisfy tax withholding obligations. |
| 03/27/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Michael Escalante, Peakstone Realty Trust, PKST, Tax Withholding, Restricted Share Units, Common Stock, CEO
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