Form 4: Whitestone REIT CEO David K. Holeman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
David K. Holeman, CEO of Whitestone REIT, reports acquisition and disposal of common shares related to restricted share units and tax withholding obligations.
Summary
- On June 28, 2024, David K. Holeman, the CEO of Whitestone REIT, reported changes in his beneficial ownership of the company's common shares.
- He acquired 26,851 common shares at $0 related to restricted common share units granted under the 2018 Long-Term Equity Incentive Ownership Plan.
- He also disposed of 22,980 common shares at $13.31 per share to satisfy tax withholding obligations related to the vesting of restricted units.
- Following these transactions, Holeman directly owns 704,570 common shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of restricted common share units indicates continued alignment of the CEO's interests with the company's long-term performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of the transactions involving the acquisition and disposal of common shares. |
| 07/02/2024 | Date of signature of the Form 4 filing. |
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