Form 4: Terreno Realty Corp CFO Jaime Jackson Cannon Reports Acquisition of Restricted Stock
SEC Form 4 Filing
Jaime Jackson Cannon, CFO of Terreno Realty Corp, reports the acquisition of 11,357 shares of restricted stock and adjustments to beneficial ownership.
Summary
- On August 6, 2024, Jaime Jackson Cannon, CFO of Terreno Realty Corp, acquired 11,357 shares of common stock.
- These shares were granted as restricted stock and will fully vest on August 1, 2029.
- Following the transaction, Cannon directly owns 106,925 shares of common stock.
- Cannon also indirectly owns 67,314 shares through a Rabbi Trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it's a routine disclosure of stock ownership. The grant of restricted stock is generally viewed as a positive sign of aligning management interests with shareholders.
Positives
- The acquisition of restricted stock aligns the CFO's interests with the long-term performance of the company.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 08/06/2024 | Date of transaction: Acquisition of 11,357 shares of restricted stock. |
| 08/01/2029 | Vesting date for the restricted stock. |
| 08/08/2024 | Date of signature on the Form 4 filing. |
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