Form 4: Whitestone REIT COO Christine Mastandrea Reports Changes in Beneficial Ownership

Christine Mastandrea, COO of Whitestone REIT, reports acquisition and disposal of common shares related to restricted share units and tax withholding obligations.

Summary

• Christine J. Mastandrea, Chief Operating Officer of Whitestone REIT, filed a Form 4 on January 3, 2025, reporting changes in beneficial ownership of the company's common shares.
• On December 31, 2024, Ms. Mastandrea acquired 29,560 common shares representing restricted common share units granted under the company's 2018 Long-Term Equity Incentive Ownership Plan.
• On the same date, she disposed of 10,737 common shares to satisfy tax withholding obligations related to the vesting of restricted units.
• The per share value assigned by the company to the tax withholding shares was $14.17, based on the closing sales price of the common shares on December 31, 2024.
• Following these transactions, Ms. Mastandrea beneficially owns 394,078 common shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates