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, disposed of 5,074 Class A Common Shares to cover tax obligations related to the settlement of restricted share units.
Summary
- On March 15, 2025, Matthew E. Fernand, the Chief Legal Officer of Seritage Growth Properties, reported a transaction involving Class A Common Shares.
- Mr. Fernand disposed of 5,074 shares to cover tax obligations related to the settlement of time-based Restricted Share Units.
- Following the transaction, Mr. Fernand directly owns 66,029 Class A Common Shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation and does not inherently convey positive or negative 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 |
|---|---|
| 03/15/2025 | Date of transaction: Matthew Fernand disposed of shares to cover tax obligations. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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