Rajan Penkar awarded 67,073 SVC shares under equity plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Penkar Rajan reported acquisition or exercise transactions in this Form 4 filing.
Service Properties Trust director Rajan Penkar reported new equity compensation and a change in how some shares are held. He received an award of 67,073 Common Shares of Beneficial Interest at no cash cost under the company’s equity compensation plan, bringing his direct holdings to 77,073 shares.
In a separate entry, 65,680 shares previously held directly were transferred to the Rajan Chandrakant Penkar Revocable Trust, where he is sole trustee and beneficiary, so this reflects a shift from direct to indirect ownership rather than a market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Penkar Rajan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares of Beneficial Interest | 67,073 | $0.00 | -- |
| holding | Common Shares of Beneficial Interest | -- | -- | -- |
Holdings After Transaction:
Common Shares of Beneficial Interest — 77,073 shares (Direct, null);
Common Shares of Beneficial Interest — 65,680 shares (Indirect, By Trust)
Footnotes (1)
- Transaction reported is award of shares pursuant to the Issuer's equity compensation plan. Consists of 65,680 shares previously held by the Reporting Person directly which were transferred to the Rajan Chandrakant Penkar Revocable Trust U/A DTD 10/25/11, of which the Reporting Person is the sole trustee and beneficiary.
Key Figures
Equity award shares: 67,073 shares
Grant price per share: $0.0000 per share
Direct holdings after grant: 77,073 shares
+3 more
6 metrics
Equity award shares
67,073 shares
Common Shares of Beneficial Interest granted under equity compensation plan
Grant price per share
$0.0000 per share
Stated transaction price for 67,073-share equity award
Direct holdings after grant
77,073 shares
Common Shares of Beneficial Interest held directly after award
Shares moved to trust
65,680 shares
Previously held directly, transferred to revocable trust with Penkar as sole trustee and beneficiary
Holding entries
1 entry
One holding-type entry in transaction summary
Acquire-type transactions
1 transaction
Grant/award acquisition in transaction summary
Key Terms
equity compensation plan, Common Shares of Beneficial Interest, revocable trust, grant, award, or other acquisition
4 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.
revocable trust financial
"transferred to the Rajan Chandrakant Penkar Revocable Trust U/A DTD 10/25/11"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did SVC director Rajan Penkar report in this Form 4?
He reported an equity award and an ownership reclassification. Penkar received 67,073 common shares under Service Properties Trust’s equity compensation plan and moved 65,680 shares from direct ownership into a revocable trust he controls.
Does this SVC Form 4 show any open-market buying or selling?
No open-market trades are shown. The Form 4 reports a 67,073-share equity compensation award at $0.0000 per share and a transfer of 65,680 shares into a revocable trust, both of which are non-market transactions affecting how holdings are recorded.