Form 4: Peakstone Realty Trust Chief Accounting Officer Sells Shares to Cover Tax Obligations

Peakstone Realty Trust's Chief Accounting Officer, Qiyan Mai, sold 907 shares of common stock to cover tax obligations related to the vesting of restricted share units.

Summary

• Qiyan Mai, the Chief Accounting Officer of Peakstone Realty Trust, sold 907 shares of common stock on January 2, 2025.
• The sale was executed at a price of $10.97 per share.
• This transaction was to cover tax withholding obligations related to the vesting of 1,533 restricted share units granted on November 4, 2024.
• Following the transaction, Ms. Mai directly owns 626 shares of Peakstone Realty Trust.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• The sale of shares to cover tax obligations upon vesting of restricted stock units is a standard practice across publicly traded companies.
• Many companies use similar mechanisms to manage executive compensation and tax liabilities.
• The transaction is consistent with typical insider trading practices and reporting requirements.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

insider trading, Form 4, share sale, restricted stock units, tax obligations, Peakstone Realty Trust, PKST, Qiyan Mai, Chief Accounting Officer