Form 4: Whitestone REIT CFO John Scott Hogan Reports Equity Grant and Tax Withholding

Whitestone REIT's Chief Financial Officer, John Scott Hogan, reported the acquisition of 17,774 restricted common share units and the disposition of 6,154 shares for tax withholding purposes on June 30, 2025.

Summary

• John Scott Hogan, Chief Financial Officer of Whitestone REIT (WSR), reported transactions involving the company's common shares.
• On June 30, 2025, Hogan acquired 17,774 common shares, which represent restricted common share units granted under the Company's 2018 Long-Term Equity Incentive Ownership Plan. These shares were acquired at a price of $0.
• Concurrently, 6,154 common shares were disposed of (withheld by the company) to satisfy tax withholding obligations related to the vesting of previously granted restricted units. These shares were valued at $12.48 per share, based on the closing sales price on June 30, 2025.
• Following these transactions, Hogan's direct beneficial ownership of common shares is 205,385.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a key executive like the CFO is generally a positive sign, aligning management's interests with shareholders. The tax withholding is a standard procedure upon vesting and does not indicate negative sentiment.

Positives

• Grant of 17,774 restricted common share units to the CFO indicates continued alignment of management's interests with shareholders through equity incentives.
• The grant is part of the Company's 2018 Long-Term Equity Incentive Ownership Plan, suggesting a structured approach to executive compensation and retention.

Negatives

• Disposition of 6,154 shares for tax withholding purposes reduces the CFO's direct beneficial ownership by that amount.

Future Outlook

No future outlook or guidance is provided in this Form 4 filing.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends.

Corporate Governance

Related Party Transactions

• Grant of 17,774 restricted common share units to Chief Financial Officer John Scott Hogan under the Company's 2018 Long-Term Equity Incentive Ownership Plan.
• Withholding of 6,154 common shares by the company from John Scott Hogan to cover tax obligations related to the vesting of previously granted restricted units.

Stakeholder Impact

• Shareholders: The grant of equity to the CFO aligns management's interests with shareholder value creation. The tax withholding is a routine event and has minimal direct impact.
• Employees: The use of an equity incentive plan may signal a commitment to performance-based compensation, potentially impacting employee morale and retention.

Key Dates

Keywords

Whitestone REIT, WSR, John Scott Hogan, CFO, Form 4, SEC filing, insider trading, equity grant, restricted stock units, tax withholding, executive compensation, Rule 10b5-1