Form 4: Trinity Place Holdings Inc. Executive Richard Pyontek Reports Stock Transactions

Richard Pyontek, Chief Accounting Officer of Trinity Place Holdings Inc., reports the vesting and settlement of restricted stock units.

Summary

• On January 2, 2025, Richard Pyontek, the Chief Accounting Officer of Trinity Place Holdings Inc., reported transactions involving the company's common stock.
• These transactions involved the vesting and settlement of restricted stock units (RSUs).
• Specifically, 6,000 RSUs from a grant on January 3, 2023, and 6,000 RSUs from a grant on January 2, 2024, vested on January 1, 2025, and were settled on January 2, 2025.
• The settlement involved the acquisition of 6,000 shares of common stock each time and the disposal of 2,736 shares each time to cover tax obligations at a price of $0.07 per share.
• Following these transactions, Pyontek directly owns 45,583 shares of Trinity Place Holdings Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is standard practice and required by the SEC to ensure transparency and prevent insider trading.

Stakeholder Impact

• The transactions have a minimal impact on shareholders, as they represent routine executive compensation.

Key Dates

Keywords

Trinity Place Holdings Inc., Richard Pyontek, Chief Accounting Officer, Form 4, Restricted Stock Units, RSUs, Stock Transactions, Vesting, Settlement, Common Stock