Service Properties director awarded 67,073 shares
Penkar Rajan reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares of Beneficial Interest | 67,073 | $0.00 | $0.00 |
| holding | Common Shares of Beneficial Interest | -- | -- | -- |
Footnotes (2)
- F1. Transaction reported is award of shares pursuant to the Issuer's equity compensation plan.
- F2. 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
Key Terms
equity compensation plan financial
revocable trust financial
grant, award, or other acquisition financial
FAQ
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What did SVC director Rajan Penkar report in this Form 4?
Does this SVC Form 4 show any open-market buying or selling?
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