Franklin Michael Andrew sold CDR
January 29, 2025 · Form 4 insider transaction
Franklin Michael Andrew sold 850 shares of Cedar Realty Trust, Inc. at $15.75 per share, a transaction worth $13.4K. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
On December 27, 2024, Cedar Realty Trust, Inc. (the "Issuer") announced a modified "Dutch auction" tender offer to repurchase up to an aggregate amount paid of $12.5 million of shares of its outstanding 6.50% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") at a price per share not less than $13.75 and not greater than $15.75, which expired at 5:00 P.M., New York City Time on January 28, 2025 (the "Tender Offer"). On January 29, 2025, in accordance with the terms and conditions of the Tender Offer, the Issuer purchased 645,276 shares of its Series C Preferred Stock at a purchase price of $15.75 per share, including 850 shares of Series C Preferred Stock tendered by the Reporting Person.