Service Properties CFO withholds 4,010 shares
Rhea-AI Filing Summary
Service Properties Trust (SVC) reported that its Chief Financial Officer and Treasurer, Brian E. Donley, had 4,010 common shares of beneficial interest withheld on September 17, 2026 to pay tax liability associated with a vesting equity award, at a value of $6.57 per share. After this tax-withholding transaction, Donley directly held 65,834 common shares. The company states this withholding was a payment of tax liability incident to vesting under Rule 16b-3, and no Rule 10b5-1 trading plan is reported for this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 4,010 shares
Tax Withholding
1 txn
Insider
Donley Brian E.
Role
CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares of Beneficial Interest F1 | 4,010 | $6.57 | $26K |
Holdings After Transaction:
Common Shares of Beneficial Interest — 65,834 shares (Direct)
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
Shares withheld for tax: 4,010 shares
Per-share value for tax withholding: $6.57 per share
Shares held after transaction: 65,834 shares
3 metrics
Shares withheld for tax
4,010 shares
Common shares of beneficial interest withheld on September 17, 2026 to pay tax liability
Per-share value for tax withholding
$6.57 per share
Value used for the 4,010 withheld shares on September 17, 2026
Shares held after transaction
65,834 shares
Directly held common shares of beneficial interest by CFO Brian E. Donley after the transaction
Key Terms
Payment of tax liability, withholding securities, Rule 16b-3
3 terms
Payment of tax liability financial
"Payment of tax liability by withholding securities incident to the vesting"
withholding securities financial
"Payment of tax liability by withholding securities incident to the vesting"
Rule 16b-3 regulatory
"vesting of the security issued in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Service Properties Trust (SVC) disclose for its CFO?
Service Properties Trust disclosed that CFO and Treasurer Brian E. Donley had 4,010 common shares withheld on September 17, 2026 to pay tax liability related to a vesting equity award, at a value of $6.57 per share.
Was a Rule 10b5-1 trading plan involved in the SVC CFO’s Form 4 transaction?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported for the September 17, 2026 tax-withholding transaction involving the SVC CFO.
AI-generated analysis. How Rhea-AI works. Not financial advice.