Terreno Realty Corp (NYSE: TRNO) details insider stock grant and share surrender
Rhea-AI Filing Summary
Terreno Realty Corp president Michael A. Coke reported mixed insider activity. On August 4, 2026 he received a grant of 28,426 shares of restricted common stock that will fully vest on August 1, 2031. On August 3, 2026 he surrendered 7,460 shares at $71.70 per share to the issuer in connection with the vesting of 14,663 restricted shares, and he reports 204,830 shares held indirectly through a Rabbi Trust.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 20,966 shares
Net Buy
3 txns
Insider
COKE MICHAEL A
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 par value per share F2 | 28,426 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $0.01 par value per share F1 | 7,460 | $71.70 | $535K |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.01 par value per share — 433,381 shares (Direct);
Common Stock, $0.01 par value per share — 204,830 shares (Indirect, Rabbi Trust)
Footnotes (2)
- F1. Represents Common Stock surrendered to the Issuer due upon vesting of 14,663 shares of restricted common stock on August 3, 2026
- F2. Represents shares of restricted stock granted to the Reporting Person that will fully vest on August 1, 2031
Key Figures
Restricted stock grant: 28,426 shares
Shares surrendered: 7,460 shares at $71.70 per share
Indirect holdings: 204,830 shares
+1 more
4 metrics
Restricted stock grant
28,426 shares
Shares of restricted common stock granted to Michael A. Coke on August 4, 2026; will fully vest on August 1, 2031
Shares surrendered
7,460 shares at $71.70 per share
Common stock surrendered to the issuer on August 3, 2026 in connection with paying exercise price or tax liability upon vesting of 14,663 restricted shares
Indirect holdings
204,830 shares
Common stock held indirectly through a Rabbi Trust as of August 3, 2026
Vested restricted stock
14,663 shares
Restricted common stock that vested on August 3, 2026, triggering surrender of 7,460 shares to the issuer
Key Terms
restricted common stock, Rabbi Trust, exercise price or tax liability, grant, award, or other acquisition
4 terms
restricted common stock financial
"Represents Common Stock surrendered to the Issuer due upon vesting of 14,663 shares of restricted common stock"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
Rabbi Trust financial
"total_shares_following_transaction 204,830.0000, nature_of_ownership Rabbi Trust"
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
grant, award, or other acquisition financial
"transaction_code_description Grant, award, or other acquisition"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stock grant did Terreno Realty (TRNO) president Michael A. Coke receive?
Michael A. Coke received a grant of 28,426 shares of restricted common stock on August 4, 2026. According to the disclosure, these restricted shares are scheduled to fully vest on August 1, 2031, representing long-term, equity-based compensation tied to future service.
Were Michael A. Coke’s Terreno Realty (TRNO) transactions reported under a Rule 10b5-1 plan?
The disclosure does not indicate that these transactions were made under a Rule 10b5-1 trading plan. The Rule 10b5-1 checkbox is not marked as being relied upon, so the transactions are presented without an associated pre-arranged trading plan designation.
What type of insider is Michael A. Coke at Terreno Realty (TRNO)?
Michael A. Coke is identified as both a director and an officer of Terreno Realty Corp, serving in the role of President. His transactions therefore reflect activity by a senior executive and board member, a category of insider closely monitored in securities disclosures.