Independence Realty Trust (IRT) President & CFO reports tax withholding share forfeiture
Rhea-AI Filing Summary
Independence Realty Trust executive reports annual share change for tax withholding
Independence Realty Trust, Inc. reported an annual update to the shareholdings of President, CFO, and Director James J. Sebra on a Form 5 for the fiscal year ended 01/02/2026. On 01/02/2026, 10,095 shares of common stock were forfeited at a price of $17.48 per share under transaction code "F," which indicates shares withheld to cover taxes. After this tax-related forfeiture, Sebra beneficially owned 353,007 shares of Independence Realty Trust common stock directly.
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FAQ
What insider activity did Independence Realty Trust (IRT) disclose in this Form 5?
The company disclosed that President, CFO, and Director James J. Sebra had 10,095 shares of common stock forfeited on 01/02/2026 under transaction code "F," which reflects shares withheld for taxes related to vesting stock.
How many Independence Realty Trust (IRT) shares does James J. Sebra own after this Form 5 transaction?
Following the reported tax-related forfeiture, James J. Sebra beneficially owned 353,007 shares of Independence Realty Trust common stock directly at the end of the issuer's fiscal year.
What does transaction code "F" mean in the Independence Realty Trust (IRT) Form 5 filing?
In this filing, transaction code "F" is explained in the footnote as a forfeiture undertaken solely to satisfy a tax withholding liability related to the vesting of stock held by the reporting person.
Who is the reporting person in the Independence Realty Trust (IRT) Form 5?
The reporting person is James J. Sebra, who serves as a Director and as an Officer with the title President and CFO of Independence Realty Trust, Inc.
Is the share change in this IRT Form 5 a discretionary sale in the open market?
No. The Form 5 states that the 10,095-share forfeiture was undertaken solely to satisfy a tax withholding liability tied to the vesting of stock, rather than a discretionary open-market sale.