[Form 4] Curbline Properties Corp. Insider Trading Activity
Rhea-AI Filing Summary
Curbline Properties Corp. executive John M. Cattonar reported a tax-related share disposition and updated equity holdings. He transferred 1,893 shares of common stock at $27.25 per share to cover tax withholding, leaving him with 147,458 common shares held directly.
He also reported 5,740 LTIP Units held directly. According to the terms, each LTIP Unit can be converted into a partnership common unit, which may then be redeemed for either one share of Curbline common stock or cash at the issuer’s election, with no expiration dates on these rights.
Footnotes state these LTIP Units represent an annual grant under Mr. Cattonar’s employment agreement and vest ratably over the first four anniversaries of the grant date, subject to his continued employment with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,893 | $27.25 | $52K |
| holding | LTIP Units | -- | -- | -- |
Footnotes (1)
- Reflects a class of limited partnership units in Curbline Properties LP ("LTIP Units"). Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted into a common unit in Curbline Properties LP (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP Unit may be redeemed for one share of Issuer common stock or cash, at the election of the Issuer. The right to convert LTIP Units into Common Units and to redeem Common Units for cash or shares of Issuer common stock do not have expiration dates Annual grant of LTIP Units made in accordance with the terms of Mr. Cattonar's Assigned Employment Agreement dated as of September 1, 2024, as amended by the First Amendment thereto dated as of September 26, 2025 (the "Employment Agreement"). These LTIP Units vest ratably on the first four anniversaries of the grant date, subject generally to Mr. Cattonar's continued employment with the Issuer