Form 4: Terreno Realty Corp Chairman and CEO W. Blake Baird Reports Acquisition of Shares Through Long-Term Incentive Plan

W. Blake Baird, Chairman and CEO of Terreno Realty Corp, reports acquiring 14,493 shares of common stock through the company's Long-Term Incentive Plan, while deferring receipt of the shares.

Summary

• W. Blake Baird, Chairman and CEO of Terreno Realty Corporation, filed a Form 4 on January 13, 2025.
• The report details a transaction that occurred on January 8, 2025, where Mr. Baird acquired 14,493 shares of Terreno Realty Corp common stock.
• These shares were earned through the company's Long-Term Incentive Plan for the performance period from January 1, 2022, to December 31, 2024.
• Mr. Baird elected to defer receipt of these shares under the Terreno Realty Corporation Deferred Compensation Plan.
• Following the reported transaction, Mr. Baird directly owns 650,969 shares of common stock.
• He also indirectly owns 174,940 shares through a Rabbi Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing. The acquisition of shares through an incentive plan is generally viewed positively, but the deferral of receipt doesn't significantly alter the overall sentiment.

Positives

• The acquisition of shares through the Long-Term Incentive Plan suggests that performance goals were met during the specified period.
• The deferred compensation plan allows executives to defer income taxes.

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 standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.
• The acquisition of shares through the incentive plan could be seen as a positive sign for employees.

Key Dates