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Terreno Realty Corp. (TRNO) – Form 4 insider filing: President and Director Michael A. Coke reported an 08/01/2025 transaction coded “F,” indicating shares were withheld to satisfy tax obligations triggered by the vesting of restricted stock.
- Shares withheld: 8,589 common shares at an implied price of $54.27.
- Underlying vesting: 16,440 restricted shares vested the same day.
- Post-transaction ownership: 393,575 shares held directly and 174,940 shares held indirectly via a Rabbi Trust, for a total of 568,515 shares.
No open-market buying or selling occurred; the transaction does not signal a change in sentiment but is an administrative, non-discretionary tax settlement. The sizeable remaining stake keeps management’s equity alignment intact.