Form 4: Barry Sternlicht Reports Changes in Beneficial Ownership of Starwood Property Trust Shares

Barry Sternlicht, CEO and Chairman of Starwood Property Trust, reports changes in his beneficial ownership of the company's common stock due to a distribution from SPT Management, LLC and a transfer of shares.

Summary

• Barry Sternlicht, CEO and Chairman of the Board of Starwood Property Trust, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• On September 17, 2024, Mr. Sternlicht acquired 1,900 shares of common stock due to a distribution from SPT Management, LLC, the issuer's external manager, to certain employees and affiliates.
• Additionally, 59,733 shares previously held by the Manager and reported as indirectly beneficially owned by Mr. Sternlicht were transferred to him on September 5, 2024, and are now directly beneficially owned.
• Following these transactions, Mr. Sternlicht directly owns 13,829,945 shares of Starwood Property Trust common stock and indirectly owns 2,187,772 shares through controlled entities.
• The indirectly held shares are controlled through entities such as the Manager, SFIP, LLC, and JAWS Capital, LP.

Sentiment

Score: 5

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

Industry Context

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

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.
• Employees affiliated with the Manager may be impacted by the distribution of shares.

Key Dates