Entities of Starwood (NYSE: STWD) CEO receive 276,666 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STARWOOD PROPERTY TRUST, INC. CEO Barry Sternlicht reported indirect equity changes mainly from compensation-related vesting at the company’s external manager. On March 31, 2026, SPT Management, LLC, the external manager controlled by Sternlicht, acquired 276,666 shares of common stock upon vesting of restricted stock units under the 2022 Manager Equity Plan.
These vested awards came from 108,333 2024 RSUs, 112,500 2025 RSUs and 55,833 2026 RSUs, each converting into one share of common stock. After these transactions, entities controlled by Sternlicht held over three million shares indirectly, while he also held more than fourteen million shares directly. The filing notes he disclaims beneficial ownership beyond his pecuniary interest in these controlled entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
276,666 shares exercised/converted
Mixed
4 txns
Insider
STERNLICHT BARRY S
Role
CEO, Chairman of the Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 16,684 | $0.00 | -- |
| Exercise | Restricted Stock Units | 276,666 | $0.00 | -- |
| Exercise | Common Stock | 276,666 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,301,705 shares (Indirect, By controlled entities);
Restricted Stock Units — 1,726,670 shares (Indirect, By controlled entities);
Common Stock — 14,296,027 shares (Direct)
Footnotes (1)
- On March 31, 2026, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 276,666 shares of the issuer's common stock in connection with the vesting of (i) 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), (ii) 112,500 of the restricted stock units originally granted to the Manager on March 6, 2025 (the "2025 RSUs"), and (iii) 55,833 of the restricted stock units originally granted to the Manager on March 10, 2026 (the "2026 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan. The remaining 2024 RSUs, the remaining 2025 RSUs and the remaining 2026 RSUs will vest ratably in quarterly installments through December 31, 2026, December 31, 2027, and December 31, 2028, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates. Reflects the transfer of 68,572 shares of the issuer's common stock that were previously held by the Manager and reported as indirectly beneficially owned by Mr. Sternlicht on February 25, 2026, such that they are now directly beneficially owned by Mr. Sternlicht. Represents securities held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP. Mr. Sternlicht disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. Represents shares of the issuer's common stock distributed by the Manager to certain employees and/or other persons having an affiliation with the Manager. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. Represents the 1,300,000 2024 RSUs, the 1,350,000 2025 RSUs and the 670,000 2026 RSUs granted to the Manager, less those restricted stock units that have already vested and been converted into shares of the issuer's common stock.
Key Figures
RSU shares vested: 276,666 shares
2024 RSUs vested in this tranche: 108,333 units
2025 RSUs vested in this tranche: 112,500 units
+5 more
8 metrics
RSU shares vested
276,666 shares
Common stock acquired by SPT Management, LLC on March 31, 2026
2024 RSUs vested in this tranche
108,333 units
Portion of 2024 RSUs vesting into STWD common stock
2025 RSUs vested in this tranche
112,500 units
Portion of 2025 RSUs vesting into STWD common stock
2026 RSUs vested in this tranche
55,833 units
Portion of 2026 RSUs vesting into STWD common stock
Indirect common stock holding
3,301,705 shares
Common stock indirectly held by controlled entities after March 31, 2026
Direct common stock holding
14,296,027 shares
Common stock directly held by Sternlicht after reported transactions
Restructuring-related shares
16,684 shares
Shares moved in an “other” restructuring transaction by controlled entities
RSU grants outstanding baseline
1,300,000; 1,350,000; 670,000 units
2024, 2025 and 2026 RSUs granted to the Manager, less vested units
Key Terms
restricted stock units, pecuniary interest, Section 16, 2022 Manager Equity Plan, +1 more
5 terms
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
Section 16 regulatory
"for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
2022 Manager Equity Plan financial
"each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider activity did STWD report for Barry Sternlicht on this Form 4?
The Form 4 shows entities controlled by Barry Sternlicht, including SPT Management, LLC, acquiring shares through vesting restricted stock units. These awards are part of Starwood Property Trust’s 2022 Manager Equity Plan and represent compensation-related equity, not open-market purchases or sales.
What are the remaining RSU vesting schedules for STWD’s external manager?
Remaining 2024 RSUs vest quarterly through December 31, 2026, 2025 RSUs through December 31, 2027, and 2026 RSUs through December 31, 2028. As each tranche vests, awards are settled in Starwood Property Trust common stock within 30 days after the applicable quarterly vesting date.