Form 4: Safehold Inc. Chairman and CEO Jay Sugarman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jay Sugarman, Chairman and CEO of Safehold Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vested Restricted Stock Units.
Summary
- On March 31, 2024, Safehold Inc. withheld 17,471 shares of common stock from Jay Sugarman to cover tax obligations related to the vesting of Restricted Stock Units (RSUs).
- The shares were withheld at a price of $0.
- Following the transaction, Sugarman directly owns 1,774,056 shares of Safehold Inc.
- Sugarman also indirectly owns 9,590 shares through his spouse, 184,360 shares through family trusts, and 169,943 shares through a foundation.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock ownership changes due to tax obligations, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: shares withheld for tax obligations. |
| 04/02/2024 | Date of signature by Attorney-in-Fact. |
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