Form 4: Terreno Realty Corp: Officer Michael A. Coke Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Michael A. Coke, President of Terreno Realty Corp, reports a transaction involving the surrender of common stock to cover the vesting of restricted stock.
Summary
- On August 1, 2024, Michael A. Coke, President of Terreno Realty Corp, surrendered 10,552 shares of common stock to the issuer.
- This transaction was related to the vesting of 20,235 shares of restricted common stock.
- The shares were surrendered at a price of $68.45 per share.
- Following the transaction, Coke directly owns 385,436 shares and indirectly owns 160,447 shares through a Rabbi Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by an officer, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to stock-based compensation.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the routine vesting of restricted stock and subsequent surrender of shares.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transaction: surrender of common stock for vesting of restricted stock |
| 08/05/2024 | Date of signature on the Form 4 filing |
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