Centerspace director exercises 2,297 RSUs
Centerspace director John A. Schissel exercised restricted stock units into common shares.
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Form Type
4
Rhea-AI Filing Summary
Centerspace director John A. Schissel exercised restricted stock units into common shares. On June 1, 2026, he converted 2,297 restricted stock units into 2,297 Common Shares of Beneficial Interest at an exercise price of $0 per share. After this transaction, he directly holds 16,695 common shares and no remaining restricted stock units.
Insider Trade Summary
2,297 shares exercised/converted
Exercise
2 txns
Insider
Schissel John A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,297 | $0.00 | $0.00 |
| Exercise | Common Shares of Beneficial Interest | 2,297 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Shares of Beneficial Interest — 16,695 shares (Direct)
Footnotes (1)
- F1. Each restricted stock unit represents a contingent right to receive one common share of beneficial interest of Centerspace.
Key Figures
RSUs exercised: 2,297 units
Common shares acquired: 2,297 shares
Exercise price: $0.00 per share
+1 more
4 metrics
RSUs exercised
2,297 units
Restricted stock units converted on June 1, 2026
Common shares acquired
2,297 shares
Common Shares of Beneficial Interest received from RSU conversion
Exercise price
$0.00 per share
Conversion of restricted stock units into common shares
Shares held after
16,695 shares
Direct holdings of Common Shares of Beneficial Interest post-transaction
Key Terms
Restricted Stock Units, derivative security, Common Shares of Beneficial Interest, beneficial interest
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
beneficial interest financial
"Each restricted stock unit represents a contingent right to receive one common share of beneficial interest of Centerspace."
Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Centerspace (CSR) director John A. Schissel report?
John A. Schissel exercised 2,297 restricted stock units into 2,297 Common Shares of Beneficial Interest. The transaction occurred on June 1, 2026, at an exercise price of $0 per share, reflecting compensation-related equity rather than an open-market purchase or sale.
What happened to John A. Schissel’s restricted stock units in Centerspace (CSR)?
Schissel converted 2,297 restricted stock units into 2,297 common shares on June 1, 2026. Following this exercise, his remaining restricted stock unit balance reported in this record is zero, meaning all of the reported units have been settled into common shares.
Were any derivative securities left after John A. Schissel’s Centerspace (CSR) transaction?
No additional derivative securities are shown after this transaction. The 2,297 restricted stock units were fully converted into 2,297 common shares, leaving zero restricted stock units outstanding in this record and no remaining derivative positions listed for Schissel.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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