Peakstone Realty Trust (PKST) CEO reports tax-related share withholding
Rhea-AI Filing Summary
Peakstone Realty Trust insider Michael Escalante, who serves as Director, CEO and President, reported a tax-related share disposition. On 12/15/2025, the issuer withheld 38,952 common shares at $14.22 per share to cover tax withholding obligations tied to the delivery of common shares underlying 72,333 previously reported time-based restricted share units granted on 03/07/2025. Following this transaction, Escalante beneficially owns 568,649 common shares directly.
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FAQ
What insider transaction did Peakstone Realty Trust (PKST) report in this Form 4?
The filing reports that on 12/15/2025, 38,952 common shares of Peakstone Realty Trust were withheld by the issuer at $14.22 per share to satisfy tax withholding obligations related to an equity award for Michael Escalante.
Who is the reporting person in the Peakstone Realty Trust (PKST) Form 4 and what is their role?
The reporting person is Michael Escalante, who is identified as a Director and an Officer of Peakstone Realty Trust, serving as CEO and President.
How many Peakstone Realty Trust (PKST) shares does Michael Escalante own after the reported transaction?
After the 12/15/2025 tax-withholding transaction, Michael Escalante beneficially owns 568,649 common shares of Peakstone Realty Trust in direct ownership.
Why were 38,952 Peakstone Realty Trust (PKST) shares withheld in this Form 4?
The 38,952 common shares were withheld by the issuer to satisfy tax withholding obligations arising from the delivery, on 12/15/2025, of common shares underlying 72,333 previously reported, time-based restricted share units granted to Michael Escalante on 03/07/2025.
What equity award is referenced in the Peakstone Realty Trust (PKST) Form 4 filing?
The filing references 72,333 previously reported, time-based restricted share units granted to Michael Escalante on 03/07/2025, whose underlying common shares were delivered on 12/15/2025.
Is the reported Peakstone Realty Trust (PKST) transaction an open-market sale by the CEO?
No. The transaction is coded as "F" and the explanation states it represents common shares withheld by the issuer to satisfy tax withholding obligations, rather than an open-market sale.