Franklin Street director granted 80,342 FSP shares
Burke John N reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Burke John N reported acquisition or exercise transactions in this Form 4 filing.
Franklin Street Properties director John N. Burke received a stock award of 80,342 common shares. The shares were granted under the Franklin Street Properties Corp. 2002 Stock Incentive Plan and represent $45,000 of value based on a $0.5601 closing share price on the grant date.
Following the award, Burke directly holds 80,344 common shares. He also has indirect holdings of 27,087.3100 shares through a 401(k) account and 120,235.9130 shares through a revocable living trust where he has full investment authority and is sole beneficiary.
Insider Trade Summary
Grant/Award: 80,342 shares
Grant/Award
3 txns
Insider
Burke John N
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 80,342 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 80,344 shares (Direct);
Common Stock — 120,235.913 shares (Indirect, By Trust);
Common Stock — 27,087.31 shares (Indirect, By 401(k))
Footnotes (2)
- F1. The shares were issued to the reporting person pursuant to the Franklin Street Properties Corp. 2002 Stock Incentive Plan. The number of shares is equal to $45,000 divided by $0.5601, the closing price of the Issuer's common stock on the grant date.
- F2. On October 20, 2025, 24,725 shares of the Issuer's common stock previously reported as directly held by the reporting person were transferred to the reporting person's revocable living trust, as to which he is the trustee with full investment authority and sole beneficiary.
Key Figures
Stock award shares: 80,342 shares
Grant value: $45,000
Grant pricing: $0.5601 per share
+3 more
6 metrics
Stock award shares
80,342 shares
Common stock grant under 2002 Stock Incentive Plan
Grant value
$45,000
Value used to determine number of shares awarded
Grant pricing
$0.5601 per share
Closing price on grant date used in award formula
Direct holdings after grant
80,344 shares
Total common stock directly held following the award
401(k) indirect holdings
27,087.3100 shares
Common stock held indirectly through 401(k)
Trust indirect holdings
120,235.9130 shares
Common stock held indirectly via revocable living trust
Key Terms
2002 Stock Incentive Plan, revocable living trust, 401(k), grant date, +1 more
5 terms
2002 Stock Incentive Plan financial
"The shares were issued to the reporting person pursuant to the Franklin Street Properties Corp. 2002 Stock Incentive Plan."
revocable living trust financial
"were transferred to the reporting person's revocable living trust, as to which he is the trustee"
401(k) financial
"total_shares_following_transaction: "27087.3100" ... nature_of_ownership: "By 401(k)""
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
grant date financial
"the closing price of the Issuer's common stock on the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
investment authority financial
"as to which he is the trustee with full investment authority and sole beneficiary"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did John N. Burke report in this Franklin Street Properties (FSP) Form 4?
John N. Burke reported receiving 80,342 shares of Franklin Street Properties common stock as a stock award. The grant was made under the company’s 2002 Stock Incentive Plan and increased his directly held stake, alongside separate indirect holdings through a 401(k) and a revocable trust.
What is the implied value of John N. Burke’s Franklin Street Properties stock grant?
The stock grant is valued at $45,000, calculated using a share price of $0.5601 on the grant date. This value comes directly from the company’s 2002 Stock Incentive Plan award formula described in the filing’s footnote, which divides the grant value by the closing stock price.
What are John N. Burke’s direct holdings in Franklin Street Properties (FSP) after this grant?
After the grant, John N. Burke directly holds 80,344 shares of Franklin Street Properties common stock. This figure, shown as total shares following the transaction, reflects his personal account holdings and excludes additional indirect shares held through retirement and trust accounts.
What indirect Franklin Street Properties holdings does John N. Burke report?
He reports 27,087.3100 Franklin Street Properties shares held indirectly through a 401(k) and 120,235.9130 shares held indirectly by a revocable living trust. The filing notes he serves as trustee with full investment authority and is the sole beneficiary of that trust.
Under which plan was John N. Burke’s Franklin Street Properties stock award granted?
The stock award was granted under the Franklin Street Properties Corp. 2002 Stock Incentive Plan. According to the filing, the number of awarded shares was set by dividing a $45,000 grant value by the $0.5601 closing price of the company’s common stock on the grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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