Sunrise Realty Trust (SUNS) president reports 13,384-share restricted stock grant
Rhea-AI Filing Summary
Tannenbaum Robyn reported acquisition or exercise transactions in this Form 4 filing.
Sunrise Realty Trust, Inc. President Robyn Tannenbaum reported receiving a grant of 13,384 shares of common stock as restricted stock under the company’s stock incentive plan, valued at $9.34 per share. The award will vest over three years, with approximately 33% vesting on each of the first, second and third anniversaries of January 2, 2026, subject to early termination and adjustment under the grant agreement.
Following this grant, she directly holds 46,516 common shares. The filing also lists several large indirect holdings, including blocks of 15,000, 1,000, 585,681, 58,958 and 3,024,610 shares held through family trusts, a family foundation and her spouse, where she generally disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,384 | $9.34 | $125K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents restricted stock granted under the Issuer's Stock Incentive Plan and shall vest over a three-year period with approximately 33% vesting on each of the first, second and third anniversaries of January 2, 2026, subject to early termination and adjustment as provided in the applicable restricted stock grant agreement. These shares are held by the Sunny 5 Irrevocable Trust for benefit of certain members of the Reporting Person's family, for which Jeffrey Boccuzzi is a Co-Trustee. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest. These shares are held by the Tannenbaum Family Foundation (formerly known as the Leonard M. Tannenbaum Foundation), for which the Reporting Person's spouse serves as the President. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest. These shares are held by the Tannenbaum Family 2012 Trust for benefit of certain members of the Reporting Person's family, for which Jeffrey Boccuzzi is a Co-Trustee. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.