W. P. Carey (WPC) director Rhonda Gass receives equity awards and DERs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
W. P. Carey Inc. director Rhonda Gass reported equity awards of common stock as part of her board compensation. She received 423 shares of common stock valued at $70.81 per share as an annual award of restricted shares under the company’s 2017 Share Incentive Plan, scheduled to vest in full on the anniversary of the grant date. She also acquired 2,824 additional shares granted in the form of common stock under the Non-Employee Director Stock Election Plan, in lieu of cash director fees, to be paid at the end of a deferral period she selected. Footnotes note 143.278 dividend equivalent rights tied to deferred shares, each economically equal to one share of common stock, payable at the end of her chosen deferral period.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
GASS RHONDA
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,824 | $0.00 | -- |
| Grant/Award | Common Stock | 423 | $70.81 | $30K |
Holdings After Transaction:
Common Stock — 14,395.278 shares (Direct, null)
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 143.278 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. Represents the Issuer's common stock in the form of shares granted under the Issuer's Non-Employee Director Stock Election Plan in lieu of director fees pursuant to the director's election, which will be paid at the end of the deferral period selected by the reporting person.
Key Figures
Restricted share award: 423 shares at $70.81
Stock election grant: 2,824 shares at $0.00
Dividend equivalent rights: 143.278 DERs
3 metrics
Restricted share award
423 shares at $70.81
Annual restricted stock award under 2017 Share Incentive Plan
Stock election grant
2,824 shares at $0.00
Shares granted in lieu of director fees under Stock Election Plan
Dividend equivalent rights
143.278 DERs
DERs on deferred shares under Deferred Compensation Plan
Key Terms
restricted shares, Deferred Compensation Plan for Non-Employee Directors, dividend equivalent rights ("DERs"), Non-Employee Director Stock Election Plan
4 terms
Deferred Compensation Plan for Non-Employee Directors financial
"under the Issuer's Deferred Compensation Plan for Non-Employee Directors"
dividend equivalent rights ("DERs") financial
"Includes 143.278 dividend equivalent rights ("DERs") related to dividends received on deferred shares"
Non-Employee Director Stock Election Plan financial
"shares granted under the Issuer's Non-Employee Director Stock Election Plan in lieu of director fees"
FAQ
What insider transactions did W. P. Carey (WPC) director Rhonda Gass report?
Rhonda Gass reported acquiring common stock through equity awards, not open-market trades. She received 423 restricted shares at $70.81 per share and 2,824 additional shares granted in stock instead of cash director fees, all under company compensation plans with specified vesting and deferral terms.
What are the 143.278 dividend equivalent rights reported for Rhonda Gass at W. P. Carey (WPC)?
The filing notes 143.278 dividend equivalent rights, or DERs, linked to dividends on deferred shares. Each DER is economically equal to one W. P. Carey common share and becomes payable at the end of the deferral period chosen under the Deferred Compensation Plan for Non-Employee Directors.
Do Rhonda Gass’s W. P. Carey (WPC) equity awards vest immediately?
The awards do not vest immediately. The restricted share grant is scheduled to vest in full on the anniversary of the grant date, and the underlying shares and related dividend equivalent rights are payable at the end of the deferral periods she selected under the company’s director compensation plans.