Adam D. Portnoy (OPI) reports 439,072 indirectly held shares in initial Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
OFFICE PROPERTIES INCOME TRUST director Adam D. Portnoy filed an initial Form 3 to report his indirect holdings in the company. The filing shows indirect ownership of 439,072 Common Shares of Beneficial Interest, held by The RMR Group LLC.
The RMR Group LLC is a majority-owned subsidiary of The RMR Group Inc., where Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. The filing states that Mr. Portnoy, ABP Trust and The RMR Group Inc. may be deemed beneficial owners of these shares, but each disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PORTNOY ADAM D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares of Beneficial Interest | -- | -- | -- |
Holdings After Transaction:
Common Shares of Beneficial Interest — 439,072 shares (Indirect, See Footnote)
Footnotes (1)
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Key Figures
Indirectly held common shares: 439,072 shares
1 metrics
Indirectly held common shares
439,072 shares
Common Shares of Beneficial Interest held indirectly via The RMR Group LLC
Key Terms
Common Shares of Beneficial Interest, beneficial owner, indirect, pecuniary interest
4 terms
beneficial owner financial
"Mr. Portnoy is also a beneficial owner and a director of RMR LLC and RMR Inc."
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.
indirect financial
"These shares are held by The RMR Group LLC ("RMR LLC")."
pecuniary interest financial
"they each disclaim such beneficial ownership except to the extent of their pecuniary interest therein."
FAQ
What does Adam D. Portnoy’s Form 3 filing for OPI report?
The Form 3 reports Adam D. Portnoy’s indirect ownership of 439,072 Common Shares of Beneficial Interest in OFFICE PROPERTIES INCOME TRUST, held through The RMR Group LLC, as his initial statement of beneficial ownership as a company director.
Is Adam D. Portnoy’s OPI ownership direct or indirect in this Form 3?
The Form 3 shows indirect ownership. The 439,072 shares are held by The RMR Group LLC, and Adam D. Portnoy’s interest arises through his roles and interests in The RMR Group LLC, The RMR Group Inc., and ABP Trust, as described in the footnote.