4/A: Trinity Place Holdings Director Corrects Stock Grant Reporting in Amended SEC Filing

Patrick J. Bartels Jr., a director at Trinity Place Holdings Inc., files an amended Form 4 to correct the number of shares granted as part of his quarterly director compensation.

Summary

• Patrick J. Bartels Jr., a director of Trinity Place Holdings Inc. [TPHS], filed an amended Form 4 with the SEC on May 6, 2024, to correct a previously reported stock grant.
• The original Form 4, filed on April 12, 2024, incorrectly stated that 41,658 shares of common stock were granted to Bartels as part of his quarterly director compensation.
• The error was due to a miscalculation in the number of shares issuable on the grant date of April 10, 2024.
• The corrected filing shows that Bartels acquired 59,511 shares of common stock on April 10, 2024, at a price of $0.
• Following this transaction, Bartels beneficially owns 173,200 shares of Trinity Place Holdings Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral. It's a correction of a previous error, which is a standard regulatory process. The correction itself doesn't indicate positive or negative performance for the company.

Negatives

• The original Form 4 contained a miscalculation, requiring an amendment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.

Stakeholder Impact

• Shareholders benefit from accurate and transparent reporting of insider transactions.

Key Dates

Keywords

Form 4, Trinity Place Holdings, Stock Grant, Director Compensation, Beneficial Ownership, Amendment, TPHS, SEC Filing