Form 4: W. P. Carey Director Constantin Beier Reports Restricted Stock Award and Tax-Related Share Sale
Insider Transaction Report
W. P. Carey Inc. Director Constantin H. Beier reported the acquisition of 2,778 shares through an annual restricted stock award and the subsequent disposition of 961 shares to cover tax withholding obligations.
Summary
- Director Constantin H. Beier acquired 2,778 shares of W. P. Carey Inc. common stock on July 1, 2025, as an annual award of restricted shares under the company's Amended and Restated 2017 Share Incentive Plan.
- These newly acquired shares were granted at a price of $0 and are scheduled to vest in full on the anniversary of the grant date.
- Concurrently, on July 1, 2025, Mr. Beier disposed of 961 shares of common stock at a price of $62.99 per share.
- This disposition was made to satisfy tax withholding obligations upon the vesting of restricted stock that was originally granted on July 1, 2024.
- Following these transactions, Constantin H. Beier directly beneficially owns 8,491 shares of W. P. Carey Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares through an award is a positive alignment, while the sale for tax purposes is a routine, non-discretionary event.
Positives
- The acquisition of 2,778 shares through an annual restricted stock award aligns the director's interests with those of shareholders, indicating continued commitment to the company's performance.
Negatives
- The disposition of 961 shares, while for tax withholding purposes, represents a reduction in the director's direct beneficial ownership.
Future Outlook
The newly awarded 2,778 restricted shares are scheduled to vest in full on the anniversary of their grant date, indicating a future milestone for this specific award.
Industry Context
This Form 4 filing details routine insider transactions related to executive compensation, which are common across publicly traded companies, particularly for directors receiving equity awards as part of their compensation structure.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization for Compliance Filings | Constantin H. Beier executed a Power of Attorney on June 12, 2025, authorizing specific individuals (Sapna Sanagavarapu, Gena Panter, Susan Hyde, Robin Gersten, and Stephen Gardella) to prepare, execute, and file Forms ID, 3, 4, and 5 with the SEC on his behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 06/12/2025 | This facilitates efficient and timely compliance with SEC reporting requirements for insider transactions, streamlining the process for the director. |
Related Party Transactions
- The acquisition of 2,778 shares of common stock by Director Constantin H. Beier at a price of $0 represents an annual award of restricted shares under the company's incentive plan, which is a transaction between the company and a related party (a director).
Stakeholder Impact
- Shareholders: The restricted stock award aligns the director's financial interests with shareholder value creation, as the shares vest based on future performance or tenure.
- Management: The Power of Attorney streamlines the process for management to assist directors with regulatory compliance filings.
Next Steps
- The 2,778 restricted shares acquired on July 1, 2025, are scheduled to vest in full on the anniversary of their grant date.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Original grant date of restricted stock, which vested on July 1, 2025, leading to tax withholding. |
| 06/12/2025 | Date the Power of Attorney was executed by Constantin H. Beier. |
| 07/01/2025 | Transaction date for both the acquisition of new restricted shares and the disposition of shares for tax withholding. |
| 07/02/2025 | Date the Form 4 was signed and filed. |
Keywords
W. P. Carey, WPC, Form 4, Insider Transaction, Restricted Stock Award, Share Incentive Plan, Director Compensation, Tax Withholding, Equity Compensation, SEC Filing
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