Form 4: Terreno Realty CFO Sells Shares for Tax Withholding

Terreno Realty Corp's CFO, Jaime Jackson Cannon, disposed of 4,165 shares of common stock at $54.27 per share to cover tax obligations related to restricted stock vesting.

Summary

• CFO Jaime Jackson Cannon disposed of 4,165 shares of Terreno Realty Corp common stock.
• The transaction occurred on August 1, 2025, at a price of $54.27 per share.
• This disposition was for tax withholding purposes upon the vesting of 8,220 shares of restricted common stock.
• Following the transaction, the CFO directly owns 97,762 shares and indirectly owns 73,202 shares through a Rabbi Trust.
• The transaction was made pursuant to a Rule 10b5-1 pre-arranged plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes upon restricted stock vesting, which is a neutral event for company fundamentals.

Positives

• Vesting of 8,220 restricted common stock shares for the CFO, indicating compensation and retention.
• The transaction was executed under a Rule 10b5-1 plan, suggesting a pre-planned and orderly disposition.

Negatives

• CFO Jaime Jackson Cannon disposed of 4,165 shares of common stock, reducing direct ownership.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

This filing is a routine insider transaction report and does not provide specific industry context or trends.

Stakeholder Impact

• Shareholders may observe a slight reduction in direct insider ownership, which is a common occurrence related to executive compensation and tax obligations.

Key Dates

Recommendation

The filing details a routine insider stock disposition for tax withholding purposes related to restricted stock vesting. This type of transaction is common for executive compensation and does not typically indicate a change in management's view of the company's prospects or fundamental performance. Therefore, it does not warrant a change in investment recommendation.

Keywords

Terreno Realty, TRNO, SEC Form 4, insider trading, stock disposition, CFO, restricted stock, tax withholding, beneficial ownership