Form 4: Retail Opportunity Investments Corp. Officer Disposes of Shares Following Merger

Lauren N. Silveira, VP and Chief Accounting Officer of Retail Opportunity Investments Corp., reports the disposal of shares due to the company's merger, where each share was converted to $17.50 in cash.

Summary

• Lauren N. Silveira, VP, Chief Accounting Officer of Retail Opportunity Investments Corp. (ROIC), filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the disposal of 33,686 shares of common stock on February 12, 2025, at a price of $17.50 per share.
• This disposal is a result of the merger agreement dated November 6, 2024, where Retail Opportunity Investments Corp. merged with Montana Purchaser LLC, Mountain Purchaser LLC, and Big Sky Purchaser LLC.
• At the effective time of the merger, each outstanding share of common stock was converted into the right to receive $17.50 in cash.
• Some of the disposed shares included 10,666 shares of restricted common stock granted to the reporting person under the Retail Opportunity Investments Corp. Second Amended and Restated 2009 Equity Incentive Plan.
• These restricted shares had time-based vesting, which was accelerated immediately before the merger.
• The remaining shares are held by the Silveira Family Trust dated February 15, 2017, where the reporting person is a Trustee.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a standard transaction following a merger.

Future Outlook

The company has been acquired and is no longer publicly traded.

Industry Context

This announcement reflects a completed merger transaction, which is a common occurrence in the REIT sector as companies seek to consolidate or are acquired for their real estate portfolios.

Stakeholder Impact

• Shareholders received $17.50 per share as a result of the merger.

Key Dates

Keywords

Form 4, Beneficial Ownership, Merger, ROIC, Retail Opportunity Investments Corp, Silveira, Shares, Disposal