Form 4: Peakstone Realty Trust CFO Javier Bitar Reports Tax-Related Share Transaction
SEC Form 4 Filing
CFO and Treasurer of Peakstone Realty Trust, Javier Bitar, reports disposition of shares to cover tax obligations related to vesting of restricted stock units.
Summary
- On March 25, 2024, Javier Bitar, CFO and Treasurer of Peakstone Realty Trust, disposed of 749.5 shares of common stock to satisfy tax withholding obligations.
- The shares were withheld by the issuer in connection with the delivery of common shares underlying previously reported restricted stock units.
- The transaction occurred at a price of $16.22 per share.
- Following the transaction, Bitar directly owns 44,510.985 shares of Peakstone Realty Trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/25/2021 | Date of original grant of time-based restricted stock units to Reporting Person. |
| 03/25/2024 | Date of transaction: shares withheld by Issuer to satisfy tax withholding obligations. |
| 03/27/2024 | Date of signature on the Form 4 filing. |
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