Form 4: Seritage Growth Properties: Chief Legal Officer Matthew Fernand Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Matthew Fernand, Chief Legal Officer of Seritage Growth Properties, reports disposing of 7,668 Class A Common Shares to cover tax obligations related to the settlement of Restricted Share Units (RSUs).
Summary
- On March 5, 2024, Matthew Fernand, the Chief Legal Officer of Seritage Growth Properties, disposed of 7,668 Class A Common Shares.
- The disposal was executed to cover tax obligations related to the settlement of time-based Restricted Share Units (RSUs).
- Following the transaction, Fernand directly owns 71,103 Class A Common Shares, which includes 12,513 unvested RSUs as of the filing date.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 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 is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of transaction: Disposal of Class A Common Shares. |
| 03/07/2024 | Date of signature on the Form 4 filing. |
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