Form 4 for STWD STARWOOD PROPERTY TRUST, INC.
Accepted 2022-01-03 00:00:00 ET · period of report 2021-12-31 · accession 0001104659-22-000395 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-01-03 | 2021-12-31 | STWD | STERNLICHT BARRY S | CEO, COB of Board, Dir | M - OptEx | — | +231.8K | 1.31M | +22% | — |
| DI | 2022-01-03 | 2021-12-31 | STWD | STERNLICHT BARRY S | CEO, COB of Board, Dir | M - OptEx | $0.00 | -231.8K | 1.30M | -15% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-12-31 | M | A | 231,759 | — | 1,305,497 | I By controlled entities | — | — | (F1) On December 31, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 150,000 of the restricted stock units originally granted to the Manager on November 9, 2020 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2020 RSUs"). (F2) The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates. (F3) Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP. |
| 2 | Derivative | Restricted Stock Units | 2021-12-31 | M | D | 231,759 | $0.00 | 1,295,277 | I By controlled entities | — · — to — | 231,759 Common Stock | (F1) On December 31, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 150,000 of the restricted stock units originally granted to the Manager on November 9, 2020 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2020 RSUs"). (F2) The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates. (F6) Represents the 1,200,000 2019 RSUs granted to the Manager and the 1,800,000 2020 RSUs granted to the Manager, less those restricted stock units that have already vested and been converted into shares of the issuer's common stock. (F3) Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP. (F5) Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. |