STERNLICHT BARRY S 4

What Happened

• Barry S. Sternlicht, CEO, Chairman and Director of Starwood Property Trust (STWD), was reported as the recipient of an award of 111,589 shares of the issuer's common stock on May 15, 2026. The Form 4 lists this as a grant/award (transaction code A). No per-share price or total dollar value is provided (listed as N/A).

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (four days after the transaction).
• Transaction type/code: Grant/Award (A); price reported as N/A; total value not stated.
• Shares owned after the transaction: not specified in the filing.
• Footnote F1: These are restricted shares 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 of the Manager.
• Footnote F2: The filing also notes shares held by entities controlled by Mr. Sternlicht (including the Manager, SFIP, LLC and JAWS Capital, LP); Mr. Sternlicht disclaims beneficial ownership of those entities’ shares except to the extent of his pecuniary interest.
• Timeliness: Form 4 was filed May 19 for a May 15 transaction; the filing itself does not state a late-filing designation.

Context

• This was an award of restricted shares to the company’s external manager (not an open-market buy or sale by the CEO personally). Such grants commonly compensate managers or align interests, and the shares may be subject to vesting/restrictions per the Management Agreement. The filing’s footnotes clarify the award structure and ownership attribution; no immediate sale or option exercise is reported.