Form 4: Barry Sternlicht Reports Changes in Beneficial Ownership of Starwood Property Trust Shares
SEC Form 4
Barry Sternlicht, CEO and Chairman of the Board of Starwood Property Trust, reports a distribution of shares and adjustments to his beneficial ownership.
Summary
- On March 15, 2024, Barry Sternlicht reported changes in his beneficial ownership of Starwood Property Trust, Inc. (STWD) shares.
- 288,333 shares of common stock were distributed at a price of $0.
- Following the transaction, Sternlicht directly owns 13,128,023 shares and indirectly owns 2,053,793 shares through controlled entities.
- The indirect ownership includes shares held by SPT Management, LLC, SFIP, LLC, and JAWS Capital, LP.
Sentiment
Score: 5
Explanation: This is a neutral filing reporting changes in ownership. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in Sternlicht's holdings, which may be of interest to investors.
Stakeholder Impact
- Shareholders may be interested in tracking the ownership changes of key company insiders like Barry Sternlicht.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: distribution of shares. |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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