WPC.NYSEW P Carey INC

Form 4: W. P. Carey Inc. Executive Gordon Brooks G. Reports Share Withholding for Tax Obligations

Sentiment:

SEC Form 4 Filing

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Managing Director Gordon Brooks G. of W. P. Carey Inc. reports withholding shares to cover tax liabilities related to the vesting of Restricted Stock Units (RSUs).

Summary

  • On February 15, 2025, Gordon Brooks G., a Managing Director at W. P. Carey Inc., had shares of common stock withheld to cover tax liabilities associated with the vesting of Restricted Stock Units (RSUs).
  • A total of 620 shares were withheld at a price of $58.69 per share related to RSUs granted on January 12, 2022, which vested beginning February 15, 2023.
  • An additional 648 shares were withheld at $58.69 per share related to RSUs granted on January 24, 2023, vesting beginning February 15, 2024.
  • Furthermore, 1,038 shares were withheld at $58.69 per share related to RSUs granted on January 23, 2024, vesting beginning February 15, 2025.
  • Following these transactions, Gordon Brooks G. directly owns 149,924.3144 shares of W. P. Carey Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing and doesn't convey strong positive or negative sentiment. It's a neutral report of transactions.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect the company's overall performance or strategy but provides transparency into executive stock ownership.

Comparison to Industry Standards

  • Similar REIT companies such as Realty Income (O) and Prologis (PLD) also have executives who regularly report Form 4 filings related to stock options and RSU vesting.
  • The practice of withholding shares to cover tax liabilities is a standard method of handling RSU vesting across the industry.
  • The number of shares withheld and the price per share are dependent on the executive's compensation package and the company's stock performance.

Stakeholder Impact

  • The transaction has a minor dilutive effect on existing shareholders due to the shares being withheld, but it's a standard part of executive compensation.
  • The filing provides transparency to shareholders regarding executive stock ownership.

Key Dates

DateDescription
January 12, 2022Date of original grant of RSUs, with vesting beginning February 15, 2023 (620 shares withheld).
January 24, 2023Date of original grant of RSUs, with vesting beginning February 15, 2024 (648 shares withheld).
January 23, 2024Date of original grant of RSUs, with vesting beginning February 15, 2025 (1,038 shares withheld).
February 15, 2023Vesting start date for RSUs granted on January 12, 2022.
February 15, 2024Vesting start date for RSUs granted on January 24, 2023.
February 15, 2025Date of transaction: shares withheld for tax liability; Vesting start date for RSUs granted on January 23, 2024.
February 19, 2025Date of Form 4 signature.

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