Form 4: Retail Opportunity Investments Corp. Executive Sells Shares to Cover Tax Obligations

Michael B. Haines, EVP, CFO, Treasurer & Secretary of Retail Opportunity Investments Corp., disposed of shares to cover tax obligations related to vested restricted stock.

Summary

• On January 1, 2025, Michael B. Haines, EVP, CFO, Treasurer & Secretary of Retail Opportunity Investments Corp. (ROIC), disposed of 11,774 shares of common stock to satisfy tax withholding obligations.
• The shares were sold at a price of $17.36 per share.
• Following the transaction, Haines directly owns 449,609 shares.
• Haines also indirectly owns 36,011 OP Units through the Michael B. Haines Trust dated August 19, 2004, where he serves as Trustee.
• These OP Units can be redeemed for cash or common stock on a one-for-one basis.

Sentiment

Score: 5

Explanation: This is a neutral event. An executive sold shares to cover tax obligations, which is a common and expected practice.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. This filing indicates that an executive sold shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.

Key Dates

Keywords

Form 4, ROIC, Retail Opportunity Investments Corp, Michael B. Haines, Insider Trading, Tax Withholding, OP Units, Beneficial Ownership