Form 4: Whitestone REIT Executive Peter Tropoli Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Peter Tropoli, General Counsel & Secretary of Whitestone REIT, reports acquisition and disposal of common shares related to restricted share units and tax withholding obligations.
Summary
- On December 31, 2024, Peter Tropoli, General Counsel & Secretary of Whitestone REIT, reported changes in beneficial ownership of the company's common shares.
- He acquired 25,338 common shares through restricted common share units granted under the 2018 Long-Term Equity Incentive Ownership Plan.
- Additionally, 10,565 common shares were withheld by the company to cover tax obligations related to the vesting of previously granted restricted units.
- The per share value assigned for tax withholding was $14.17, based on the closing sales price on December 31, 2024.
- Following these transactions, Tropoli directly owns 136,750 common shares.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard compensation practices; neither particularly positive nor negative.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of the transactions involving common shares and restricted share units. |
| 01/03/2025 | Date of signature for the Form 4 filing. |
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