STERNLICHT BARRY S bought STWD
March 31, 2024 · Form 4 insider transaction
STERNLICHT BARRY S bought 233,333 shares of Starwood Property Trust, Inc., a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
On March 31, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 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 (the "2022 RSUs") and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.; The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, 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.; 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.