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Whitestone REIT (WSR) – Form 4 insider filing dated 07/02/2025
Chief Operating Officer Christine J. Mastandrea reported two transactions executed on 06/30/2025:
- Grant of 23,323 restricted common share units (transaction code A). The award was made at $0 cost under the 2018 Long-Term Equity Incentive Ownership Plan.
- Withholding of 6,470 common shares (transaction code F) to cover associated tax obligations, valued by the company at $12.48 per share.
After these transactions, Mastandrea’s direct beneficial ownership stands at 410,931 common shares, implying a net increase of 16,853 shares (+4.3%) versus her pre-transaction position.
No derivative securities were reported. Because the acquisition stemmed from an incentive award—not an open-market purchase—the signal is generally regarded as moderately positive; it increases insider alignment but does not reflect discretionary cash outlay. The tax-related share surrender is mechanically neutral.