Form 4: Terreno Realty Corp CFO Jaime Jackson Cannon Reports Stock Acquisition

Jaime Jackson Cannon, CFO of Terreno Realty Corp, reports the acquisition of 5,888 shares of common stock earned under the company's Long-Term Incentive Plan, deferred into a Rabbi Trust.

Summary

• Jaime Jackson Cannon, CFO of Terreno Realty Corp, filed a Form 4 on January 13, 2025.
• The report details a transaction on January 8, 2025, where Mr. Cannon acquired 5,888 shares of Terreno Realty Corp common stock.
• These shares were earned under the company's Long-Term Incentive Plan for the performance period from January 1, 2022, to December 31, 2024.
• Mr. Cannon elected to defer receipt of these shares pursuant to the Terreno Realty Corporation Deferred Compensation Plan, placing them into a Rabbi Trust.
• Following the reported transaction, Mr. Cannon directly owns 101,927 shares and indirectly owns 73,202 shares through the Rabbi Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to stock compensation. The acquisition of shares by an executive is generally viewed as a positive, but it's part of a pre-existing plan.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Management Comments

• The reporting person elected to defer receipt of all such earned shares pursuant to the Terreno Realty Corporation Deferred Compensation Plan.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's acquisition of shares earned through a long-term incentive plan, which is a common practice in publicly traded companies.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it reflects the CFO's confidence in the company.

Key Dates