Form 4: Sila Realty Trust EVP, CFO, Treasurer & Secretary Kay C. Neely Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Kay C. Neely, EVP, CFO, Treasurer & Secretary of Sila Realty Trust, Inc., reports the withholding of 11,560 shares to cover income tax obligations related to vesting restricted shares.
Summary
- On December 31, 2024, Kay C. Neely, EVP, CFO, Treasurer & Secretary of Sila Realty Trust, Inc., had 11,560 shares of common stock withheld to satisfy income tax obligations related to the vesting of time-based restricted shares awarded on October 1, 2020.
- The shares were withheld at a price of $24.32 per share.
- Following the transaction, Neely directly owns 75,239 shares of Sila Realty Trust, Inc.
- The reported amounts have been adjusted to reflect a one-for-four reverse stock split that occurred on May 1, 2024.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax obligation fulfillment related to vested equity.
Key Dates
| Date | Description |
|---|---|
| 10/01/2020 | Date of original grant of time-based restricted shares to Kay C. Neely. |
| 05/01/2024 | Date of the one-for-four reverse stock split. |
| 12/31/2024 | Date shares were withheld to satisfy income tax obligations. |
| 01/03/2025 | Date of Form 4 filing. |
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