W. P. Carey (NYSE: WPC) director granted 2,824-share annual award
Rhea-AI Filing Summary
Farrell Peter reported acquisition or exercise transactions in this Form 4 filing.
W. P. Carey Inc. director Peter Farrell received an annual equity award of 2,824 shares of common stock as a grant under the company’s Amended and Restated 2017 Share Incentive Plan. The award was granted at no cash cost to him and is scheduled to vest in full on the first anniversary of the grant date.
The filing shows that after this grant, Farrell directly holds 28,332.318 shares of W. P. Carey common stock. This total includes 294.318 dividend equivalent rights tied to deferred shares under the company’s Deferred Compensation Plan for Non-Employee Directors, with each right economically equivalent to one share. The transaction is compensation-related rather than an open-market purchase or sale.
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Insights
Director received routine stock-based compensation grant, not a market trade.
Director Peter Farrell was granted 2,824 shares of W. P. Carey common stock at a price of $0.00 per share. The footnotes explain this is an annual award of restricted shares under the company’s Amended and Restated 2017 Share Incentive Plan, vesting on the grant anniversary.
The award increases his direct holdings to 28,332.318 shares, including 294.318 dividend equivalent rights under the Deferred Compensation Plan for Non-Employee Directors. Because this is a planned equity grant rather than an open-market buy or sell, it is best viewed as routine director compensation, with no clear directional signal about the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,824 | $0.00 | -- |
Footnotes (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.