Form 4: Terreno Realty Corp CEO W. Blake Baird Reports Stock Transaction
SEC Form 4 Filing
W. Blake Baird, CEO of Terreno Realty Corp, reports disposition of shares to cover vesting of restricted stock.
Summary
- On August 1, 2024, W. Blake Baird, the Chairman and CEO of Terreno Realty Corp, engaged in a transaction involving the company's common stock.
- Baird disposed of 7,962 shares of common stock at a price of $68.45 per share to cover the vesting of 20,235 shares of restricted common stock.
- Following the transaction, Baird directly owns 626,741 shares and indirectly owns 160,447 shares through a Rabbi Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to vesting of restricted stock; it doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations related to vested restricted stock.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of stock transaction (disposal of shares). |
| 08/01/2024 | Vesting date of 20,235 shares of restricted common stock. |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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