Director at Sunrise Realty Trust (SUNS) receives 1,071-share restricted stock grant
Rhea-AI Filing Summary
Sunrise Realty Trust director Frank Alexander reported an equity award of common stock. He acquired 1,071 shares of Sunrise Realty Trust common stock at a stated value of $9.34 per share, increasing his direct holdings to 10,906.536 shares after the transaction.
The shares are restricted stock granted under the company’s stock incentive plan and, according to the award terms, are scheduled to become fully vested on the first anniversary of January 2, 2026, subject to possible early termination or adjustment under the applicable grant agreement.
Positive
- None.
Negative
- None.
Insights
Routine director equity grant with vesting conditions, neutral for shareholders.
The transaction reflects a grant of 1,071 restricted shares of Sunrise Realty Trust common stock to director Frank Alexander at a reference price of $9.34 per share. Following this award, his directly held position totals 10,906.536 shares.
The award is issued under the company’s stock incentive plan as restricted stock and is scheduled to become fully vested on the first anniversary of January 2, 2026, subject to early termination or adjustment under the grant agreement. This structure ties compensation to continued service and share performance over time.
The filing does not indicate any open-market buying or selling; it documents an equity-based compensation grant. As such, it is best viewed as routine governance and compensation activity rather than a signal of changed sentiment, so the overall impact on an investment thesis appears neutral.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,071 | $9.34 | $10K |
Footnotes (1)
- F1. Represents restricted stock granted under the Issuer's Stock Incentive Plan and shall become fully-vested on the first anniversary of January 2, 2026, subject to early termination and adjustment as provided in the applicable restricted stock grant agreement.
FAQ
What did Sunrise Realty Trust (SUNS) director Frank Alexander report in this Form 4?
Was the Sunrise Realty Trust (SUNS) Form 4 transaction a stock purchase or sale?
What are the vesting terms of the restricted stock granted to the SUNS director?
At what reference price was the Sunrise Realty Trust (SUNS) restricted stock grant recorded?
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