Terreno Realty Form 4: CFO Jaime Cannon Share Withholding

Rhea-AI Filing Summary

Terreno Realty Corp. (TRNO) filed a Form 4 disclosing that Chief Financial Officer Jaime J. Cannon satisfied tax-withholding obligations related to the vesting of 8,220 restricted shares on 1-Aug-2025. To cover the taxes, Cannon surrendered 4,165 common shares back to the issuer (transaction code F) at an implied price of $54.27, a cash value of roughly $226k.

Post-transaction ownership stands at 97,762 directly held shares and 73,202 shares held indirectly through a Rabbi Trust, leaving Cannon’s total beneficial stake above 170 k shares. No open-market buying or selling occurred; the activity is routine and non-dilutive, with no impact on share count or corporate cash.

Insights

Securities Analyst

TL;DR: Routine tax-withholding; no market signal.

The Form 4 shows a standard Rule 16b tax surrender: 4,165 shares forfeited at $54.27 as 8,220 RSUs vested. Such F-code transactions neither alter float nor indicate insider sentiment. Cannon retains a sizeable stake (>170 k shares), aligning incentives with shareholders. Impact on valuation, liquidity, or governance is immaterial.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cannon Jaime Jackson

(Last) (First) (Middle)

10500 NE 8TH STREET, SUITE 1910

(Street)

BELLEVUE WA 98004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Terreno Realty Corp [ TRNO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.01 par value per share	08/01/2025		F		4,165(1)	D	$54.27	97,762	D
Common Stock, $0.01 par value per share								73,202	I	Rabbi Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents Common Stock surrendered to the Issuer due upon vesting of 8,220 shares of restricted common stock on August 1, 2025.

Remarks:

	/S/ Jaime J. Cannon	08/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did TRNO report on 8/1/2025?

CFO Jaime J. Cannon surrendered 4,165 shares to cover taxes on the vesting of 8,220 RSUs.

Was the transaction an open-market sale or purchase?

No. The Form 4 lists code F, indicating shares were withheld by the issuer for tax purposes.

How many TRNO shares does the CFO now own?

Cannon holds 97,762 shares directly and 73,202 shares indirectly.

What was the price used for the share surrender?

The shares were valued at $54.27 each for withholding calculations.

Does this filing affect Terreno Realty’s share count?

No. The surrendered shares were already issued; the event is non-dilutive and cash-neutral to TRNO.