Form 4: Sila Realty Trust Executive Kay C. Neely Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Kay C. Neely, EVP, CFO, Treasurer & Secretary of Sila Realty Trust, Inc., reports withholding of 1,007 shares to cover income tax obligations related to vesting restricted shares.
Summary
- On January 8, 2025, Kay C. Neely, EVP, CFO, Treasurer & Secretary of Sila Realty Trust, Inc., had 1,007 shares of common stock withheld to satisfy income tax obligations.
- This withholding was related to the vesting of one-fourth of the time-based restricted shares awarded to Neely on January 8, 2021.
- The price per share for the withholding was $23.12.
- Following the transaction, Neely beneficially owns 92,581 shares of Sila Realty Trust, Inc.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's overall performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 01/08/2021 | Date of the original grant of time-based restricted shares to Kay C. Neely. |
| 01/08/2025 | Date of the share withholding to satisfy income tax obligations related to vesting restricted shares. |
| 01/10/2025 | Date of signature for the Form 4 filing. |
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