Form 4: Retail Opportunity Investments Corp. COO Receives Stock Grant

Richard K. Schoebel, Chief Operating Officer of Retail Opportunity Investments Corp., was granted 42,424 shares of restricted common stock.

Summary

• Richard K. Schoebel, the Chief Operating Officer of Retail Opportunity Investments Corp., received a grant of 42,424 shares of restricted common stock.
• These shares were granted under the company's Second Amended and Restated 2009 Equity Incentive Plan.
• The shares will vest ratably over a three-year period, starting on December 13, 2025, and continuing on the subsequent two anniversaries.
• Mr. Schoebel also indirectly owns 576,718 shares of common stock or units of limited partner interest through the Schoebel Family Trust.
• He has the right to redeem his OP Units for cash or common stock on a one-for-one basis.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally positive for aligning management and shareholder interests. There are no negative implications.

Positives

• The stock grant aligns the COO's interests with the company's long-term performance.
• The vesting schedule encourages continued service and contribution from the COO.
• The ability to redeem OP Units for cash or stock provides flexibility for the COO.

Industry Context

This type of stock grant is a common practice for incentivizing and retaining key executives in publicly traded companies, particularly in the real estate investment sector.

Comparison to Industry Standards

• Stock grants are a standard form of compensation for executives in publicly traded companies, including REITs like Retail Opportunity Investments Corp.
• Vesting schedules over three years are typical to ensure long-term alignment of interests.
• The use of OP Units is common in REIT structures, allowing for tax-deferred exchanges and flexibility for executives.

Stakeholder Impact

• The stock grant aligns the COO's interests with those of shareholders, potentially leading to better long-term performance.
• The vesting schedule may encourage the COO to remain with the company, providing stability.

Key Dates

Keywords

stock grant, restricted stock, equity incentive plan, beneficial ownership, OP Units, COO, Retail Opportunity Investments Corp