STERNLICHT BARRY S 4

What Happened

• Barry S. Sternlicht, CEO, Chairman and a director of Starwood Property Trust, was the reporting person on a Form 4 disclosing an award of 65,007 shares (transaction code A) on 2026-02-25. The filing shows the shares were granted as restricted common stock; no per-share price or total dollar value was disclosed.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (timely — within the SEC’s 2-business-day requirement).
• Transaction type/code: A (grant/award).
• Shares acquired: 65,007 restricted shares; price: N/A (not disclosed).
• Shares owned after transaction: Not separately quantified on the Form 4. Footnote F2 indicates shares are held by entities Mr. Sternlicht directly or indirectly controls (the Manager, SFIP, LLC and JAWS Capital, LP).
• Notable footnotes:
  • F1: These shares represent restricted common stock granted to SPT Management, LLC (the external manager) as payment of 50% of the incentive fee under the Management Agreement, net of shares distributed to certain employees/affiliates.
  • F2: Identifies holdings held by entities controlled by Mr. Sternlicht.
• Filing timeliness: Filed two days after the transaction date — appears timely.

Context

• This was an award to the external manager as compensation (not an open-market purchase or sale by the insider). Such grants are compensation-related and do not necessarily signal personal buying or selling intent by the individual reporting person.