Starwood Property Trust (NYSE: STWD) President receives 11,086-share equity grant
Rhea-AI Filing Summary
DiModica Jeffrey F. reported acquisition or exercise transactions in this Form 4 filing.
STARWOOD PROPERTY TRUST, INC. President Jeffrey F. DiModica received a grant of 11,086 shares of common stock as equity compensation. These restricted shares were awarded under the company’s 2022 Equity Plan and will vest in annual installments over a three-year period beginning on March 15, 2026, subject to specified conditions. Following this grant, DiModica directly holds a total of 1,302,265 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 11,086 shares
Net Buy
1 txn
Insider
DiModica Jeffrey F.
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,086 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,302,265 shares (Direct)
Footnotes (1)
- F1. Starwood Property Trust, Inc. (the "Company") granted restricted shares of the Company's common stock to Mr. DiModica pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan. Such restricted shares of the Company's common stock will vest in annual installments over a three-year period that was deemed to begin on March 15, 2026, subject to certain conditions.
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FAQ
What did STWD President Jeffrey DiModica report in this Form 4 filing?
Jeffrey DiModica reported receiving 11,086 shares of STARWOOD PROPERTY TRUST common stock as a restricted stock award. The shares were granted as equity compensation under the 2022 Equity Plan and increase his direct holdings to 1,302,265 shares after the transaction.
Is the STWD Form 4 transaction a stock purchase or a compensation grant?
The transaction is a compensation grant, not an open-market purchase. DiModica received 11,086 restricted shares at no stated purchase price under the 2022 Equity Plan, classified in the filing with transaction code A for grant, award, or other acquisition.
What does transaction code A mean in the STWD Form 4 for Jeffrey DiModica?
Transaction code A indicates a grant, award, or other acquisition of securities, rather than a market trade. In this case, it reflects the issuance of 11,086 restricted common shares to DiModica as part of his equity compensation package under the 2022 Equity Plan.