Adam Portnoy (DHC) reports 12,401-share equity grant and large ABP Trust stake
Rhea-AI Filing Summary
PORTNOY ADAM D. reported acquisition or exercise transactions in this Form 4 filing.
Diversified Healthcare Trust director Adam D. Portnoy reported an equity-based compensation grant and updated holdings. He received 12,401 Common Shares of Beneficial Interest as an award under the company’s equity compensation plan, bringing his directly held stake to 427,557.55 shares.
The filing also lists 23,250,019 Common Shares of Beneficial Interest held indirectly through ABP Trust. Mr. Portnoy, as sole trustee, officer and controlling shareholder of ABP Trust, may be deemed a beneficial owner of those shares but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 12,401 shares
Net Buy
2 txns
Insider
PORTNOY ADAM D.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares of Beneficial Interest | 12,401 | $0.00 | $0.00 |
| holding | Common Shares of Beneficial Interest | -- | -- | -- |
Holdings After Transaction:
Common Shares of Beneficial Interest — 427,557.55 shares (Direct);
Common Shares of Beneficial Interest — 23,250,019 shares (Indirect, See Footnote)
Footnotes (2)
- F1. Transaction reported is award of shares pursuant to the Issuer's equity compensation plan.
- F2. These shares are held by ABP Trust; Mr. Portnoy, as the sole trustee, an officer and the controlling shareholder of ABP Trust, may be deemed to be a beneficial owner of these shares, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.
Key Figures
Equity award shares: 12,401 shares
Award price per share: $0.00 per share
Direct holdings after award: 427,557.55 shares
+3 more
6 metrics
Equity award shares
12,401 shares
Common Shares of Beneficial Interest granted under equity compensation plan
Award price per share
$0.00 per share
Stated transaction price for equity compensation grant
Direct holdings after award
427,557.55 shares
Common Shares of Beneficial Interest held directly after transaction
Indirect ABP Trust holdings
23,250,019 shares
Common Shares of Beneficial Interest held indirectly via ABP Trust
Acquire-type transactions
1 transaction
Grant, award, or other acquisition reported in transaction summary
Holding entries
1 entry
Indirect holding line for ABP Trust in transaction summary
Key Terms
equity compensation plan, Common Shares of Beneficial Interest, beneficial owner, pecuniary interest, +1 more
5 terms
equity compensation plan financial
"Transaction reported is award of shares pursuant to the Issuer's equity compensation plan."
A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.
beneficial owner financial
"may be deemed to be a beneficial owner of these shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"disclaims such beneficial ownership except to the extent of his pecuniary interest therein"
indirect ownership financial
"These shares are held by ABP Trust; Mr. Portnoy ... may be deemed to be a beneficial owner"
FAQ
What did Adam D. Portnoy report in his latest Form 4 for DHC?
Adam D. Portnoy reported receiving an award of 12,401 Common Shares of Diversified Healthcare Trust under its equity compensation plan. The Form 4 also updates his direct and indirect shareholdings, including a large position held through ABP Trust with partial beneficial ownership disclaimed.
What are Adam D. Portnoy’s direct holdings in DHC after this Form 4?
After the reported equity award, Adam D. Portnoy directly holds 427,557.55 Common Shares of Beneficial Interest of Diversified Healthcare Trust. This figure reflects only his direct ownership, separate from additional shares reported as indirectly owned through ABP Trust in the same filing.
Does the DHC Form 4 show any open-market buying or selling by Adam D. Portnoy?
The Form 4 does not report any open-market purchases or sales by Adam D. Portnoy. It shows an equity compensation award of shares and an indirect holding entry for ABP Trust, without transaction codes that indicate market buy or sell activity.
What is the significance of the beneficial ownership disclaimer in the DHC Form 4?
The filing states that Mr. Portnoy may be deemed a beneficial owner of shares held by ABP Trust but disclaims such ownership except for his pecuniary interest. This clarifies that some reported indirect holdings are associated with him through the trust structure, not necessarily personally owned.
AI-generated analysis. How Rhea-AI works. Not financial advice.
