TSLX CEO reports trust-related share restructuring
Sixth Street Specialty Lending CEO Robert J. Stanley reported a restructuring-type ownership change rather than a market trade.
Rhea-AI Filing Summary
Sixth Street Specialty Lending CEO Robert J. Stanley reported a restructuring-type ownership change rather than a market trade. A family trust acquired limited partnership interests in TSL Equity Partners, L.P. for $344,200, increasing his indirect beneficial ownership in shares held through affiliated entities.
After these changes, he reports 21,000 shares of common stock held directly and 23,907.27 shares held indirectly through Sixth Street Specialty Lending Advisers, LLC, reflecting both the new interest and shares previously reported as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 20,000 shares
Other
2 txns
Insider
Stanley Robert J.
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 20,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,907.27 shares (Indirect, See Footnote);
Common Stock — 21,000 shares (Direct)
Footnotes (2)
- F1. Sixth Street Specialty Lending Advisers, LLC ("Advisers") directly holds 2,716,977 shares of common stock, $0.01 par value per share (the "Common Stock") of Sixth Street Specialty Lending, Inc. (the "Issuer"), including shares of Common Stock indirectly beneficially owned by the Reporting Person (through his limited partnership interest in TSL Equity Partners, L.P. ("TSL"), which is a member of Sixth Street Specialty Lending Advisers Holdings, LLC, which in turn is a member of Advisers). This transaction reflects the acquisition by a trust for the benefit of certain of the Reporting Person's family members of limited partnership interests in TSL from an existing limited partner. The number of shares of Issuer Common Stock reported as acquired reflects the Reporting Person's indirect beneficial ownership in the shares acquired through such limited partnership interest in TSL. In connection with the acquisition by the trust, the trust paid the transferors an aggregate of $344,200.
- F2. Includes Reporting Person's indirect beneficial ownership of 3,907.27 Shares of the Issuer that Reporting Person previously reported as directly owned. Shares are held directly by Advisers.
Key Figures
Restructuring shares: 20,000 shares
Indirect holdings after transaction: 23,907.27 shares
Direct holdings after transaction: 21,000 shares
+2 more
5 metrics
Restructuring shares
20,000 shares
Code J other transaction linked to trust acquisition
Indirect holdings after transaction
23,907.27 shares
Indirect beneficial ownership reported after restructuring
Direct holdings after transaction
21,000 shares
Common stock held directly by Robert J. Stanley
Advisers total holdings
2,716,977 shares
Common stock held directly by Sixth Street Specialty Lending Advisers, LLC
Trust payment
$344,200
Aggregate amount paid by family trust to existing limited partners
Key Terms
indirect beneficial ownership, limited partnership interests, trust, Common Stock, +1 more
5 terms
indirect beneficial ownership financial
"including shares of Common Stock indirectly beneficially owned by the Reporting Person"
limited partnership interests financial
"acquisition by a trust for the benefit of certain of the Reporting Person's family members of limited partnership interests in TSL"
An ownership stake in a limited partnership gives an investor the role of a limited partner who provides capital but does not run day-to-day operations; a separate general partner manages the business. It matters because limited partners share profits, losses, and tax benefits but generally cannot lose more than they invested and have little control or liquidity—think of it like quietly funding a small business while someone else manages it, with potential return and risk tied to the venture’s performance.
trust financial
"This transaction reflects the acquisition by a trust for the benefit of certain of the Reporting Person's family members"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
Common Stock financial
"directly holds 2,716,977 shares of common stock, $0.01 par value per share"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
code J financial
"transaction code description: Other acquisition or disposition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TSLX CEO Robert J. Stanley report on this Form 4?
Robert J. Stanley reported a restructuring-type ownership change coded J, not an open-market trade. A family trust acquired limited partnership interests in TSL Equity Partners, L.P., increasing his indirect beneficial ownership in shares held through affiliated entities.
How are Sixth Street Specialty Lending Advisers, LLC holdings described in this Form 4?
The filing states that Sixth Street Specialty Lending Advisers, LLC directly holds 2,716,977 shares of common stock. A portion of these shares is indirectly beneficially owned by Robert J. Stanley through his limited partnership interest in TSL Equity Partners, L.P., which is part of the Advisers ownership chain.
AI-generated analysis. How Rhea-AI works. Not financial advice.
