TRNO.NYSETerreno Realty CORP

Form 4: Terreno Realty Corp: CEO W. Blake Baird Reports Acquisition of Restricted Stock

Sentiment:

SEC Form 4 Filing

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W. Blake Baird, Chairman and CEO of Terreno Realty Corp, reports the acquisition of 24,228 shares of restricted stock on August 6, 2024.

Summary

  • On August 6, 2024, W. Blake Baird, the Chairman and CEO of Terreno Realty Corp, acquired 24,228 shares of common stock.
  • These shares were granted as restricted stock and will fully vest on August 1, 2029.
  • Following this transaction, Baird directly owns 650,969 shares of Terreno Realty Corp.
  • Baird also indirectly owns 160,447 shares through a Rabbi Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of stock by the CEO could be interpreted as a positive signal, but it's not a strong indicator.

Positives

  • The acquisition of restricted stock by the CEO could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This filing indicates the CEO's acquisition of restricted stock, which is a common form of executive compensation in the real estate industry.

Stakeholder Impact

  • The acquisition of restricted stock by the CEO could have a slightly positive impact on shareholder sentiment.

Key Dates

DateDescription
08/06/2024Date of transaction: W. Blake Baird acquired 24,228 shares of restricted stock.
08/01/2029Vesting date: Restricted stock will fully vest.
08/08/2024Date of signature on the Form 4 filing.

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