Form 4: Peakstone Realty Trust CFO Javier Bitar Reports Tax-Related Share Disposal
SEC Form 4 Filing
CFO of Peakstone Realty Trust, Javier Bitar, reports disposal of 751 common shares to cover tax obligations related to previously granted restricted share units.
Summary
- Javier Bitar, CFO of Peakstone Realty Trust, filed a Form 4 on March 27, 2025, reporting a transaction on March 25, 2025.
- The transaction involved the disposal of 751 common shares at a price of $12.56 per share.
- These shares were withheld by Peakstone Realty Trust to satisfy tax withholding obligations related to the vesting of restricted share units granted to Mr. Bitar on March 25, 2021.
- Following the transaction, Mr. Bitar beneficially owns 153,289 common shares.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing related to tax obligations, so it has a neutral sentiment. It doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related share disposal, common when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax-related share disposal.
Key Dates
| Date | Description |
|---|---|
| 03/25/2021 | Date of grant for 1,393 time-based restricted share units to Javier Bitar. |
| 03/25/2025 | Date of transaction: Disposal of 751 common shares for tax withholding. |
| 03/27/2025 | Date of Form 4 filing. |
Keywords
Form 4, Peakstone Realty Trust, Javier Bitar, CFO, Share Disposal, Tax Withholding, Restricted Share Units, PKST
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