SITC.NYSESite Centers CORP

Form 4: SITE Centers Corp. Executive John Cattonar Reports Stock Disposal Following Reverse Stock Split

Sentiment:

SEC Form 4 Filing

📋All filings for Site Centers CORP
🔒Login to Follow

EVP & Chief Investment Officer of SITE Centers Corp., John Cattonar, reports the disposal of 948 common shares to cover tax obligations following a 1-for-4 reverse stock split.

Summary

  • John M Cattonar, EVP & Chief Investment Officer of SITE Centers Corp., filed a Form 4 on September 17, 2024, reporting a change in beneficial ownership.
  • The transaction involved the disposal of 948 common shares on September 15, 2024, at a price of $60.39 per share.
  • This disposal was related to tax obligations.
  • Prior to August 19, 2024, SITE Centers Corp. executed a 1-for-4 reverse stock split, which adjusted the reporting person's ownership accordingly.
  • Following the reported transaction, Cattonar beneficially owns 30,360 common shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a small disposal of shares by an executive.

Key Dates

DateDescription
July 22, 2024Date of Power of Attorney execution, authorizing Tammy Battler et al. to act on John Cattonar's behalf for SEC filings.
August 19, 2024Date of the 1-for-4 reverse stock split of SITE Centers Corp. common shares.
September 15, 2024Date of the transaction where John Cattonar disposed of 948 common shares.
September 17, 2024Date of filing the Form 4.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.