Restricted stock grant lifts W. P. Carey (WPC) director’s share holdings

Rhea-AI Filing Summary

W. P. Carey Inc. director Constantin H. Beier reported routine equity compensation activity. He received an annual award of 2,824 restricted common shares that were granted at no cost under the company’s 2017 share incentive plan and are scheduled to vest in full on the first anniversary of the grant date.

Upon vesting of a prior restricted stock award granted on July 1, 2025, 834 shares were withheld to cover his tax withholding obligation. After these transactions, he directly holds 11,315 shares of W. P. Carey common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Beier Constantin H.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,824	$0.00	--
Tax Withholding	Common Stock	834	$70.81	$59K

Holdings After Transaction: Common Stock — 11,315 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. Represents shares withheld upon the vesting of restricted stock granted on July 1, 2025 in order to satisfy the reporting person's tax withholding obligation upon such vesting.

Key Figures

Restricted shares granted: 2,824 shares Shares withheld for taxes: 834 shares Tax withholding reference price: $70.81 per share +1 more

4 metrics

Restricted shares granted 2,824 shares Annual award under 2017 Share Incentive Plan

Shares withheld for taxes 834 shares Withheld upon vesting of July 1, 2025 restricted stock

Tax withholding reference price $70.81 per share Price used for 834-share tax-withholding disposition

Shares held after transactions 11,315 shares Director’s direct W. P. Carey common stock holdings

Key Terms

restricted shares, Amended and Restated 2017 Share Incentive Plan, tax withholding obligation, restricted stock

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.

Amended and Restated 2017 Share Incentive Plan financial

"restricted shares granted under the Issuer's Amended and Restated 2017 Share Incentive Plan"

tax withholding obligation financial

"in order to satisfy the reporting person's tax withholding obligation upon such vesting"

restricted stock financial

"Represents shares withheld upon the vesting of restricted stock granted on July 1, 2025"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:37 PM Accepted by SEC EDGAR 07/02/2026 - 04:37 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^*

Beier Constantin H.

(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)	11,315	D
Common Stock	07/01/2026		F(2)		834	D	$70.81	10,481	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.

2. Represents shares withheld upon the vesting of restricted stock granted on July 1, 2025 in order to satisfy the reporting person's tax withholding obligation upon such vesting.

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 WPC director Constantin H. Beier report in this Form 4?

Director Constantin H. Beier reported an annual restricted stock award and related tax withholding. He received 2,824 restricted common shares and had 834 shares withheld upon vesting of a prior grant to satisfy tax obligations.

How many W. P. Carey (WPC) shares did the director receive in the new award?

He received 2,824 restricted shares of W. P. Carey common stock. These were granted under the company’s Amended and Restated 2017 Share Incentive Plan and are scheduled to vest in full on the anniversary of the grant date.

Why were 834 WPC shares disposed of in this Form 4 filing?

The 834 shares were withheld to cover tax withholding obligations when a prior restricted stock grant vested. This is recorded as a disposition for tax payment, not an open-market sale, and does not reflect a discretionary trading decision.

What is Constantin H. Beier’s W. P. Carey share ownership after these transactions?

Following the restricted stock grant and related tax withholding, Constantin H. Beier directly holds 11,315 shares of W. P. Carey common stock. This figure reflects his position after both the award of new restricted shares and the tax-withholding share disposition.

Are the new WPC restricted shares immediately vested for the director?

No, the 2,824 newly granted restricted shares are not immediately vested. They are scheduled to vest in full on the anniversary of the grant date, according to the company’s Amended and Restated 2017 Share Incentive Plan.