Form 4 for STWD STARWOOD PROPERTY TRUST, INC.
Accepted 2024-01-02 00:00:00 ET · period of report 2023-12-31 · accession 0001104659-24-000343 · 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 | 2024-01-02 | 2023-12-31 | STWD | STERNLICHT BARRY S | CEO, COB of Board, Dir | M - OptEx | — | +125.0K | 2.09M | +6% | — |
| DI | 2024-01-02 | 2023-12-31 | STWD | STERNLICHT BARRY S | CEO, COB of Board, Dir | M - OptEx | $0.00 | -125.0K | 875.0K | -12% | $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 | 2023-12-31 | M | A | 125,000 | — | 2,089,060 | I By controlled entities | — | — | (F1) On December 31, 2023, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 125,000 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs"). (F2) The remaining 2022 RSUs will vest ratably in quarterly installments through September 30, 2025, 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 | 2023-12-31 | M | D | 125,000 | $0.00 | 875,000 | I By controlled entities | — · — to — | 125,000 Common Stock | (F1) On December 31, 2023, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 125,000 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs"). (F2) The remaining 2022 RSUs will vest ratably in quarterly installments through September 30, 2025, 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. (F5) Represents the 1,500,000 2022 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. (F4) Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. |