Service Properties CEO withholds 7,635 shares for tax
Service Properties Trust’s CEO had shares withheld to cover taxes on a vesting equity award, and continues to hold over 100,000 common shares.
Rhea-AI Filing Summary
Service Properties Trust (SVC) reported that President and CEO Christopher J. Bilotto had 7,635 Common Shares of Beneficial Interest withheld on September 17, 2026 to pay tax liability related to a vesting award. The shares were valued at $6.57 per share for this tax-withholding transaction.
After this withholding, Bilotto continues to hold 102,214 common shares directly. No Rule 10b5-1 trading plan is reported in connection with this Form 4, and the filing characterizes the transaction purely as tax withholding under Rule 16b-3, not an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares of Beneficial Interest F1 | 7,635 | $6.57 | $50K |
Footnotes (1)
- F1. Payment of tax liability by withholding securities incident to the vesting of the security issued in accordance with Rule 16b-3.
Key Figures
Key Terms
Rule 16b-3 regulatory
Payment of tax liability by withholding securities financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SVC report for CEO Christopher J. Bilotto?
Was the SVC CEO’s Form 4 transaction executed under a Rule 10b5-1 trading plan?
Does the SVC Form 4 indicate an open-market sale by the CEO?
AI-generated analysis. How Rhea-AI works. Not financial advice.