Terreno Realty (NYSE: TRNO) CEO gets 28,426 restricted shares, surrenders 5,769
Rhea-AI Filing Summary
Terreno Realty Corp reports that Chairman and CEO BAIRD W BLAKE received a grant of 28,426 shares of restricted common stock on August 4, 2026, which will fully vest on August 1, 2031. On August 3, 2026, 5,769 shares of common stock were surrendered to the issuer at $71.70 per share as payment of exercise price or tax liability in connection with the vesting of 14,663 restricted shares. After these events, 204,830 shares of common stock are reported as held indirectly through a Rabbi Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 22,657 shares
Net Buy
3 txns
Insider
BAIRD W BLAKE
Role
CHAIRMAN AND CEO
| 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 | 5,769 | $71.70 | $414K |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.01 par value per share — 695,997 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
Grant vesting date: August 1, 2031
Shares surrendered: 5,769 shares
+3 more
6 metrics
Restricted stock grant
28,426 shares
Restricted common stock granted to BAIRD W BLAKE on August 4, 2026
Grant vesting date
August 1, 2031
Date on which the 28,426 restricted shares will fully vest
Shares surrendered
5,769 shares
Common stock surrendered on August 3, 2026 for exercise price or tax liability
Surrender price
$71.70 per share
Price applied to the 5,769 surrendered shares on August 3, 2026
Restricted shares vested
14,663 shares
Restricted common stock vested on August 3, 2026, triggering share surrender
Indirect holdings
204,830 shares
Common stock held indirectly through a Rabbi Trust following the transactions
Key Terms
restricted stock, Rabbi Trust, Common Stock surrendered
3 terms
restricted stock financial
"shares of restricted stock granted to the Reporting Person that will fully vest on August 1, 2031"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Rabbi Trust financial
"204,830 shares of common stock are reported as held indirectly through a 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.
Common Stock surrendered financial
"Represents Common Stock surrendered to the Issuer due upon vesting of 14,663 shares"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity award did TRNO grant to CEO BAIRD W BLAKE?
Terreno Realty Corp granted CEO BAIRD W BLAKE 28,426 shares of restricted common stock on August 4, 2026. According to the filing, these shares are scheduled to fully vest on August 1, 2031, representing a long-term equity incentive.
What restricted stock vesting event did TRNO report for its CEO?
The company reported the vesting of 14,663 shares of restricted common stock for CEO BAIRD W BLAKE on August 3, 2026. In connection with this vesting, 5,769 shares were surrendered to the issuer to cover exercise price or tax-related obligations.
Were the reported TRNO CEO transactions market buys or sells?
The Form 4 shows no open-market purchases or sales by the CEO. Instead, it reports a grant of 28,426 restricted shares and a surrender of 5,769 shares to the issuer related to payment of exercise price or tax liability on vested restricted stock.