Service Properties director awarded 67K shares
PORTNOY ADAM D. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
PORTNOY ADAM D. reported acquisition or exercise transactions in this Form 4 filing.
Service Properties Trust director Adam D. Portnoy received 67,073 common shares of beneficial interest as a stock award. The shares were granted at a price of $0.00 per share under the company’s equity compensation plan and are held directly.
Following this award, Portnoy directly holds 425,954 common shares of beneficial interest. In addition, entities associated with him hold 41,666,666 shares through ABP Trust and 1,672,783 shares through The RMR Group LLC, with beneficial ownership disclaimed except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 67,073 shares
Grant/Award
3 txns
Insider
PORTNOY ADAM D.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares of Beneficial Interest | 67,073 | $0.00 | $0.00 |
| holding | Common Shares of Beneficial Interest | -- | -- | -- |
| holding | Common Shares of Beneficial Interest | -- | -- | -- |
Holdings After Transaction:
Common Shares of Beneficial Interest — 425,954 shares (Direct);
Common Shares of Beneficial Interest — 43,339,449 shares (Indirect, See Footnote)
Footnotes (3)
- F1. Transaction reported is award of shares pursuant to the Issuer's equity compensation plan.
- F2. These shares are held by ABP Trust; Mr. Portnoy, as the sole trustee, an officer and the controlling shareholder of ABP Trust, may be deemed to be a beneficial owner of these shares, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.
- F3. These shares are held by The RMR Group LLC ("RMR LLC"). RMR LLC is a direct majority owned subsidiary of The RMR Group Inc. ("RMR Inc."), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is also a beneficial owner and a director of RMR LLC and RMR Inc. Each of Mr. Portnoy, ABP Trust and RMR Inc. may be deemed to be a beneficial owner of these shares, but they each disclaim such beneficial ownership except to the extent of their pecuniary interest therein.
Key Figures
Stock award: 67,073 shares
Direct holdings after award: 425,954 shares
ABP Trust holdings: 41,666,666 shares
+2 more
5 metrics
Stock award
67,073 shares
Common shares of beneficial interest granted at $0.00 per share
Direct holdings after award
425,954 shares
Common shares of beneficial interest held directly by Adam D. Portnoy
ABP Trust holdings
41,666,666 shares
Common shares of beneficial interest held by ABP Trust, with beneficial ownership disclaimed except pecuniary interest
The RMR Group LLC holdings
1,672,783 shares
Common shares of beneficial interest held by The RMR Group LLC, with beneficial ownership disclaimed except pecuniary interest
Transaction type
Grant, award, or other acquisition
Form 4 code A for non-derivative common shares
Key Terms
equity compensation plan, beneficial owner, pecuniary interest, Common Shares of Beneficial Interest, +1 more
5 terms
equity compensation plan financial
"Transaction reported is award of shares pursuant to the Issuer's equity compensation plan."
A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.
beneficial owner financial
"may be deemed to be a beneficial owner of these shares, but Mr. Portnoy disclaims such beneficial ownership"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"disclaims such beneficial ownership except to the extent of his pecuniary interest therein."
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Adam Portnoy report in his latest Form 4 for SVC?
Adam D. Portnoy reported receiving 67,073 common shares of beneficial interest in Service Properties Trust as a stock award. The grant was made at $0.00 per share under the company’s equity compensation plan and increased his directly held share balance.
What are Adam Portnoy’s direct holdings in SVC after this award?
After the 67,073-share stock award, Adam Portnoy directly holds 425,954 Service Properties Trust common shares of beneficial interest. This total reflects his direct ownership position reported in the filing and excludes additional shares held indirectly through related entities.
What indirect SVC holdings are associated with Adam Portnoy?
Entities associated with Adam Portnoy hold 41,666,666 shares through ABP Trust and 1,672,783 shares through The RMR Group LLC. The filing states he and related entities may be deemed beneficial owners but each disclaims such ownership except to the extent of any pecuniary interest.
What is the role of ABP Trust in Service Properties Trust ownership?
ABP Trust holds 41,666,666 Service Properties Trust shares. Adam Portnoy is the sole trustee, an officer and controlling shareholder of ABP Trust and may be deemed a beneficial owner, but he disclaims beneficial ownership except to the extent of his pecuniary interest in those shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
