Sila Realty CEO gets stock awards, withholds shares
Sila Realty Trust President and CEO Michael A. Seton reported several stock-based compensation transactions.
Rhea-AI Filing Summary
Sila Realty Trust President and CEO Michael A. Seton reported several stock-based compensation transactions. On February 4, 2026, 43,185 performance-based shares of common stock vested after the compensation committee confirmed that performance goals for the period ending December 31, 2025 were achieved.
To cover income taxes from this vesting, 17,274 shares were withheld at a price of $24.44 per share. Seton also received 48,404 restricted shares as a new time-based 2026 award, which will vest 25% annually starting January 2, 2027, assuming continued employment. Following these transactions, he directly holds 290,876 common shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 43,185 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 17,274 | $24.44 | $422K |
| Grant/Award | Common Stock | 48,404 | $0.00 | $0.00 |
Footnotes (3)
- F1. These shares were performance-based equity incentive awards that have been earned and vested for the performance period ending December 31, 2025, based on the achievement of certain performance criteria established, the achievement of which was confirmed by the compensation committee of the board of directors on February 4, 2026.
- F2. These shares were withheld to satisfy the reporting person's income tax obligations in connection with the issuance of the shares related to the vesting of the reporting person's performance-based equity incentive awards described in the immediately above line item.
- F3. These restricted shares of Common Stock (the "Time-Based 2026 Award") were granted to the reporting person, which, subject to the reporting person's continuous employment through the applicable vesting dates, with certain exceptions, will vest 25% annually commencing on January 2, 2027. The Time-Based 2026 Award was granted under and subject to the terms of the Amended and Restated 2014 Restricted Share Plan and an award agreement.
FAQ
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What insider transactions did SILA CEO Michael Seton report on February 4, 2026?
What are the key details of the performance-based stock awards reported by SILA’s CEO?
What is the structure of the Time-Based 2026 Award granted to SILA’s CEO?
What roles does Michael Seton hold at Sila Realty Trust (SILA) according to the Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.