Form 4: Seaport Entertainment Director Awarded Equity
Insider Transaction Report
Seaport Entertainment Group Inc. Director David Z. Hirsh received a grant of 998 shares of common stock under the company's equity incentive plan.
Summary
- David Z. Hirsh, a Director of Seaport Entertainment Group Inc. (SEG), acquired 998 shares of common stock.
- The transaction occurred on September 16, 2025.
- These shares were granted under the Seaport Entertainment Group Inc. 2024 Equity Incentive Plan, specifically as part of the Independent Director Compensation Program.
- The acquisition price for these shares was $0.
- Following this transaction, Mr. Hirsh beneficially owns a total of 4,897 shares of Seaport Entertainment Group Inc. common stock.
Sentiment
Score: 6
Explanation: The filing reports a routine equity grant to an independent director, which generally aligns management interests with shareholders. It does not contain any significant positive or negative news beyond this.
Positives
- The grant of common stock to Director David Z. Hirsh aligns his interests with those of shareholders, promoting long-term value creation.
- The transaction is part of a pre-existing and disclosed Independent Director Compensation Program, indicating structured governance.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Acquisition of 998 shares of common stock by Director David Z. Hirsh, granted under the Seaport Entertainment Group Inc. 2024 Equity Incentive Plan and Independent Director Compensation Program.
Stakeholder Impact
- Shareholders: Increased alignment of a director's interests with shareholder value due to direct equity ownership.
- Management: Reinforces the company's compensation structure for independent directors.
Key Dates
| Date | Description |
|---|---|
| 09/16/2025 | Date of common stock acquisition by David Z. Hirsh. |
| 09/17/2025 | Date the Form 4 was signed by Lucy Fato, Attorney-in-Fact for David Z. Hirsh. |
Keywords
Seaport Entertainment Group Inc., SEG, David Z. Hirsh, Form 4, insider transaction, equity grant, director compensation, common stock, beneficial ownership, SEC filing
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