Sila Realty (SILA) CEO reports vested and new stock awards, tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Seton Michael A
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 43,185 | $0.00 | -- |
| Tax Withholding | Common Stock | 17,274 | $24.44 | $422K |
| Grant/Award | Common Stock | 48,404 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 259,746 shares (Direct)
Footnotes (1)
- 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. 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. 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
What insider transactions did SILA CEO Michael Seton report on February 4, 2026?
Michael Seton reported vesting of 43,185 performance-based shares, withholding of 17,274 shares for taxes at $24.44 each, and a grant of 48,404 time-based restricted shares. After these transactions, he directly owns 290,876 shares of Sila Realty Trust common stock.
What are the key details of the performance-based stock awards reported by SILA’s CEO?
The filing shows 43,185 performance-based shares earned and vested for the period ending December 31, 2025. Achievement of the required performance criteria was confirmed by the compensation committee on February 4, 2026, triggering issuance of the shares and related tax withholding.
What is the structure of the Time-Based 2026 Award granted to SILA’s CEO?
The Time-Based 2026 Award consists of 48,404 restricted common shares. These shares will vest in 25% annual installments starting January 2, 2027, subject to Michael Seton’s continued employment and the terms of the Amended and Restated 2014 Restricted Share Plan and award agreement.
What roles does Michael Seton hold at Sila Realty Trust (SILA) according to the Form 4?
According to the Form 4, Michael Seton is both a director and the President and Chief Executive Officer of Sila Realty Trust, Inc. These roles are indicated by the checked boxes identifying him as a director and officer, with his officer title listed as President and CEO.