Form 4: Peakstone Realty Trust: Officer Yamasawa Reports Tax Withholding Transaction
SEC Form 4 Filing
Bryan Yamasawa, Chief Accounting Officer of Peakstone Realty Trust, reports the withholding of common shares to cover tax obligations related to previously granted restricted stock units.
Summary
- On March 25, 2024, Bryan Yamasawa, Chief Accounting Officer of Peakstone Realty Trust, had 249.5 common shares withheld by the issuer to satisfy tax obligations.
- This transaction relates to the delivery of common shares underlying 464.5 time-based restricted stock units granted on March 25, 2021.
- Following the transaction, Yamasawa beneficially owns 10,298.549 shares of Peakstone Realty Trust.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (tax withholding) and doesn't inherently indicate positive or negative sentiment regarding the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider transactions, providing investors with insights into the actions of company executives and their potential outlook on the company's performance.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/25/2021 | Date of grant for the time-based restricted stock units related to the transaction. |
| 03/25/2024 | Date of the transaction where common shares were withheld for tax obligations. |
| 03/27/2024 | Date of signature on the Form 4 filing. |
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