American Assets Trust (AAT) CFO reports share withholding and 99,681 restricted stock grant

Rhea-AI Filing Summary

American Assets Trust, Inc. (AAT) Executive Vice President and CFO reported several stock transactions in company shares. On December 2, 2025, he had 33,267 shares of common stock withheld at a price of $19.5 per share (code F), typically used to cover taxes on equity awards, and separately disposed of 5,761 shares at a reported price of $0. On December 3, 2025, he received an award of 99,681 shares of restricted common stock at $0, issued under the company’s Amended and Restated 2011 Equity Incentive Award Plan.

After these transactions, he beneficially owned 194,899 shares of common stock directly and an additional 203,618 shares indirectly through the Robert and Katherine Barton Living Trust 2007, where he is a trustee and beneficiary.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Barton Robert F.

Role Executive Vice President & CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01	99,681	$0.00	--
Tax Withholding	Common Stock, par value $0.01	33,267	$19.50	$649K
Disposition	Common Stock, par value $0.01	5,761	$0.00	--
holding	Common Stock, par value $0.01	--	--	--

Holdings After Transaction: Common Stock, par value $0.01 — 194,899 shares (Direct); Common Stock, par value $0.01 — 203,618 shares (Indirect, See Footnote)

Footnotes (1)

1. Shares of restricted common stock issued pursuant to the American Assets Trust, Inc. and American Assets Trust, L.P. Amended and Restated 2011 Equity Incentive Award Plan. Represents shares held by the Robert and Katherine Barton Living Trust 2007 dated 4/21/2007, for which the Reporting Person is a trustee and beneficiary. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Barton Robert F.

(Last) (First) (Middle)

C/O AMERICAN ASSETS TRUST, INC.

3420 CARMEL MOUNTAIN ROAD, SUITE 100

(Street)

SAN DIEGO CA 92121

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
American Assets Trust, Inc. [ AAT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President & CFO

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01	12/02/2025		F		33,267	D	$19.5	100,979	D
Common Stock, par value $0.01	12/02/2025		D		5,761	D	$0	95,218	D
Common Stock, par value $0.01	12/03/2025		A(1)		99,681	A	$0	194,899	D
Common Stock, par value $0.01								203,618	I	See Footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares of restricted common stock issued pursuant to the American Assets Trust, Inc. and American Assets Trust, L.P. Amended and Restated 2011 Equity Incentive Award Plan.

2. Represents shares held by the Robert and Katherine Barton Living Trust 2007 dated 4/21/2007, for which the Reporting Person is a trustee and beneficiary. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Adam Wyll, Attorney-in-fact	12/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did AATe28099s CFO report on this Form 4?

The Executive Vice President & CFO of American Assets Trust, Inc. (AAT) reported stock withholding, a disposition, and a new restricted stock award in the companye28099s common shares on December 2 and 3, 2025.

How many AAT shares were withheld or disposed of by the CFO?

On December 2, 2025, the CFO had 33,267 shares of common stock withheld at $19.5 per share (code F) and separately disposed of 5,761 shares at a reported price of $0.

What equity award did the AAT CFO receive according to this Form 4?

On December 3, 2025, the CFO received 99,681 shares of restricted common stock at $0, issued under the American Assets Trust, Inc. and American Assets Trust, L.P. Amended and Restated 2011 Equity Incentive Award Plan.

How many AAT shares does the CFO directly own after these transactions?

Following the reported transactions, the CFO directly beneficially owned 194,899 shares of American Assets Trust, Inc. common stock.

What indirect ownership in AAT shares is reported for the CFO?

The filing reports 203,618 shares of AAT common stock held indirectly through the Robert and Katherine Barton Living Trust 2007, for which the reporting person is a trustee and beneficiary.

What is the CFOe28099s role at American Assets Trust, Inc.?

The reporting person is an Officer of American Assets Trust, Inc., serving as Executive Vice President & Chief Financial Officer.

Under which plan were the restricted AAT shares granted to the CFO?

The 99,681 restricted shares were issued pursuant to the American Assets Trust, Inc. and American Assets Trust, L.P. Amended and Restated 2011 Equity Incentive Award Plan.