Restricted stock award lifts W. P. Carey (NYSE: WPC) director holdings

Rhea-AI Filing Summary

Niehaus Christopher reported acquisition or exercise transactions in this Form 4 filing.

W. P. Carey Inc. director Christopher Niehaus received an award of 2,824 shares of common stock as equity compensation. The grant consists of restricted shares that are scheduled to vest in full on the one-year anniversary of the grant date.

The underlying common shares will be delivered at the end of the deferral period Niehaus selected under the company’s Deferred Compensation Plan for Non-Employee Directors. Following this award, he holds a total of 38,034.974 common shares, including 294.318 dividend equivalent rights that mirror the value of one share each.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Niehaus Christopher

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,824	$0.00	--

Holdings After Transaction: Common Stock — 38,034.974 shares (Direct, null)

Footnotes (1)

1. Represents an annual award of restricted shares granted under the Issuer's Amended and Restated 2017 Share Incentive Plan, which are scheduled to vest in full on the anniversary of the grant date. The underlying shares of the Issuer's common stock will be paid at the end of the deferral period selected by the reporting person under the Issuer's Deferred Compensation Plan for Non-Employee Directors. Includes 294.318 dividend equivalent rights ("DERs") related to dividends received on deferred shares granted under the Issuer's Deferred Compensation Plan for Non-Employee Directors. These DERs become payable at the end of the deferral period selected by the reporting person. Each DER is the economic equivalent of one share of the Issuer's common stock.

Key Figures

Restricted share award: 2,824 shares Total holdings after award: 38,034.974 shares Dividend equivalent rights: 294.318 DERs +1 more

4 metrics

Restricted share award 2,824 shares Annual award to director under 2017 Share Incentive Plan

Total holdings after award 38,034.974 shares Common stock held by Christopher Niehaus after the transaction

Dividend equivalent rights 294.318 DERs Rights tied to dividends on deferred director shares

Award price per share $0.0000 per share Indicates no cash paid by director; equity compensation grant

Key Terms

restricted shares, Deferred Compensation Plan for Non-Employee Directors, dividend equivalent rights, economic equivalent of one share

4 terms

restricted shares financial

"Represents an annual award of restricted shares granted under the Issuer's Amended and Restated 2017 Share Incentive Plan"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

Deferred Compensation Plan for Non-Employee Directors financial

"paid at the end of the deferral period selected by the reporting person under the Issuer's Deferred Compensation Plan for Non-Employee Directors"

dividend equivalent rights financial

"Includes 294.318 dividend equivalent rights ("DERs") related to dividends received on deferred shares"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

economic equivalent of one share financial

"Each DER is the economic equivalent of one share of the Issuer's common stock"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:27 PM Accepted by SEC EDGAR 07/02/2026 - 04:26 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Niehaus Christopher

(Last) (First) (Middle)

C/O W. P. CAREY INC.

ONE MANHATTAN WEST, 395 9TH AVE, 58TH FL

(Street)

NEW YORK NEW YORK 10001

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
W. P. Carey Inc. [ WPC ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

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

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

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	07/01/2026		A(1)		2,824	A	$0(1)	38,034.974(2)	D

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 an annual award of restricted shares granted under the Issuer's Amended and Restated 2017 Share Incentive Plan, which are scheduled to vest in full on the anniversary of the grant date. The underlying shares of the Issuer's common stock will be paid at the end of the deferral period selected by the reporting person under the Issuer's Deferred Compensation Plan for Non-Employee Directors.

2. Includes 294.318 dividend equivalent rights ("DERs") related to dividends received on deferred shares granted under the Issuer's Deferred Compensation Plan for Non-Employee Directors. These DERs become payable at the end of the deferral period selected by the reporting person. Each DER is the economic equivalent of one share of the Issuer's common stock.

Remarks:

	/s/ Stephen Gardella, Attorney-in-Fact	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did W. P. Carey (WPC) director Christopher Niehaus report on this Form 4?

Christopher Niehaus reported receiving 2,824 shares of W. P. Carey common stock as an equity award. The shares are restricted and form part of his non-employee director compensation, increasing his total reported holdings and aligning his interests with the company’s long-term performance.

Is Christopher Niehaus’s WPC share award a market purchase or sale?

The 2,824 W. P. Carey shares are a grant, not a market trade. They were awarded as restricted stock under the company’s share incentive plan, meaning no cash purchase or sale took occur and the award reflects compensation rather than trading activity.

How many W. P. Carey (WPC) shares does Christopher Niehaus hold after this award?

After the grant, Christopher Niehaus holds 38,034.974 W. P. Carey common shares in total. This figure includes his existing holdings and the new restricted shares, as well as dividend equivalent rights that track the value of additional fractional shares over time.

When do Christopher Niehaus’s new WPC restricted shares vest and pay out?

The 2,824 restricted shares are scheduled to vest in full on the anniversary of the grant date. Actual delivery of the underlying common shares occurs at the end of the deferral period he chose under W. P. Carey’s Deferred Compensation Plan for Non-Employee Directors.

What are the 294.318 dividend equivalent rights disclosed for WPC director Niehaus?

The 294.318 dividend equivalent rights represent credits tied to dividends on deferred director shares. Each right is economically equivalent to one W. P. Carey common share and becomes payable at the end of the selected deferral period, adding to Niehaus’s total deferred share-based compensation.