WPC.NYSEW P Carey INC

Form 4: W. P. Carey Inc. Executive Brian H. Zander Reports Stock Disposals for Tax Obligations

Sentiment:

SEC Form 4

📋All filings for W P Carey INC
🔒Login to Follow

Brian H. Zander, Chief Accounting Officer of W. P. Carey Inc., reports disposing of common stock to cover tax liabilities related to vesting Restricted Stock Units.

Summary

  • On February 15, 2025, Brian H. Zander, Chief Accounting Officer of W. P. Carey Inc., disposed of shares of common stock to cover tax obligations.
  • The disposals were related to the vesting and settlement of Restricted Stock Units (RSUs) granted on January 12, 2022, and January 24, 2023.
  • 110 shares were withheld at a price of $58.69 per share related to the 2022 grant.
  • 158 shares were withheld at a price of $58.69 per share related to the 2023 grant.
  • Following these transactions, Zander directly owns 10,925.3673 shares of W. P. Carey Inc. common stock.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative. It's a neutral event in the context of company performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment with company performance.

Comparison to Industry Standards

  • Similar REIT companies such as Realty Income (O) and National Retail Properties (NNN) also see regular Form 4 filings related to executive compensation and tax obligations.
  • The practice of withholding shares to cover tax liabilities upon RSU vesting is a common compensation practice across publicly traded companies.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.

Key Dates

DateDescription
January 12, 2022Date of original grant of Restricted Stock Units (RSUs) with a three-year vesting period beginning on February 15, 2023.
January 24, 2023Date of original grant of Restricted Stock Units (RSUs) with a three-year vesting period beginning on February 15, 2024.
February 15, 2023Beginning of the three-year vesting period for RSUs granted on January 12, 2022.
February 15, 2024Beginning of the three-year vesting period for RSUs granted on January 24, 2023.
February 15, 2025Date of transaction: Disposal of shares to cover tax liability related to vesting RSUs.
February 19, 2025Date of signature on the Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.