Form 4: W. P. Carey CFO ToniAnn Sanzone Reports Changes in Beneficial Ownership
SEC Form 4 Filing
ToniAnn Sanzone, CFO of W. P. Carey Inc., reports the withholding of shares to cover tax liabilities related to the vesting of Restricted Stock Units (RSUs).
Summary
- On February 15, 2025, ToniAnn Sanzone, CFO of W. P. Carey Inc., reported changes in beneficial ownership of the company's common stock.
- The transactions involved the withholding of shares to cover tax liabilities associated with the vesting and settlement of Restricted Stock Units (RSUs).
- These RSUs were originally granted on January 12, 2022, January 24, 2023, November 8, 2023, and January 23, 2024, with vesting periods beginning on February 15, 2023, February 15, 2024 and February 15, 2025.
- A total of 4,193 shares were withheld at a price of $58.69 per share.
- Following these transactions, Sanzone directly owns 160,897 shares of W. P. Carey Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and has 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 the CFO's transactions related to vested stock awards.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The withholding of shares for tax liabilities upon RSU vesting is a common occurrence across various industries.
- Comparable companies such as Realty Income (O) and Prologis (PLD) also have executives who regularly file Form 4s related to stock-based compensation.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to routine tax withholdings.
Key Dates
| Date | Description |
|---|---|
| January 12, 2022 | Date of original grant of RSUs with a three-year vesting period beginning on February 15, 2023. |
| January 24, 2023 | Date of original grant of RSUs with a three-year vesting period beginning on February 15, 2024. |
| November 8, 2023 | Date of original grant of RSUs with a three-year vesting period beginning on February 15, 2024. |
| January 23, 2024 | Date of original grant of RSUs with a three-year vesting period beginning on February 15, 2025. |
| February 15, 2023 | Beginning of vesting period for RSUs originally granted on January 12, 2022. |
| February 15, 2024 | Beginning of vesting period for RSUs originally granted on January 24, 2023 and November 8, 2023. |
| February 15, 2025 | Date of transaction (share withholding for tax liability) and beginning of vesting period for RSUs originally granted on January 23, 2024. |
| February 19, 2025 | Date of signature by Attorney-in-fact. |
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