Form 4: Whitestone REIT Executive Peter Tropoli Reports Changes in Beneficial Ownership

Peter Tropoli, General Counsel & Secretary of Whitestone REIT, reports acquisition and disposal of common shares related to restricted stock units and tax withholding.

Summary

• On June 28, 2024, Peter Tropoli, General Counsel & Secretary of Whitestone REIT, reported changes in beneficial ownership of the company's common shares.
• Tropoli acquired 14,239 common shares through restricted common share units granted under the company's 2018 Long-Term Equity Incentive Ownership Plan.
• Simultaneously, 14,839 common shares were disposed of to satisfy tax withholding obligations related to the vesting of previously granted restricted units.
• The shares withheld for taxes were valued at $13.31 per share, based on the closing sales price of the common shares on June 28, 2024.
• Following these transactions, Tropoli directly owns 121,977 common shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with those of shareholders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.
• It assures stakeholders that management's interests are aligned with theirs through equity ownership.

Key Dates