Form 4: Safehold Inc. Director Robin Josephs Reports Acquisition of Common Stock Equivalents
SEC Form 4 Filing
Director Robin Josephs reports acquiring 238 Common Stock Equivalents (CSEs) due to dividend payments and discloses previously omitted CSEs from a merger.
Summary
- Robin Josephs, a director of Safehold Inc., filed a Form 4 detailing changes in beneficial ownership.
- On July 15, 2024, Josephs acquired 238 Common Stock Equivalents (CSEs) under the Non-Employee Directors' Deferral Plan due to dividend payments.
- The report also includes 10,068 CSEs received in connection with iStar's reverse split, which were previously omitted from the director's direct total ownership.
- Josephs directly owns 38,837 shares of common stock and indirectly owns 3,107 shares through an IRA and 104,263 shares through family trusts.
Sentiment
Score: 7
Explanation: The filing is routine and reflects standard compensation practices. The correction of previously omitted CSEs is a neutral event.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| March 31, 2023 | Merger of Safehold Inc. (Old Safe) with and into iStar Inc. closed, with iStar Inc. surviving and changing its name to Safehold Inc. (New SAFE). |
| July 15, 2024 | Reporting Person acquired 238 Common Stock Equivalents (CSEs) in accordance with the provisions of the Non-Employee Directors' Deferral Plan (Plan). |
| July 16, 2024 | Date of signature for the Form 4 filing. |
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