STERNLICHT BARRY S 4
4 · STARWOOD PROPERTY TRUST, INC. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Starwood Property (STWD) CEO Barry Sternlicht Receives 276,666 Shares
What Happened
Barry S. Sternlicht (CEO, Chairman and Director) reported the conversion/settlement of 276,666 restricted stock units (derivative transaction code M) into common shares on June 30, 2026. The filing shows SPT Management, LLC (the company’s external manager, an entity controlled by Sternlicht) acquired 276,666 shares upon vesting; the report also records a corresponding derivative disposition at $0.00. No cash purchase or open-market sale is indicated and no market value is provided in the filing.
Key Details
- Transaction date: June 30, 2026. Transaction code: M (exercise/conversion of derivative).
- Shares converted/settled: 276,666 (108,333 from 2024 RSUs; 112,500 from 2025 RSUs; 55,833 from 2026 RSUs).
- Price: reported as $0.00 for the disposition entry; acquisition value is shown as N/A in the filing.
- Shares owned after transaction: not specified in this filing for Mr. Sternlicht personally; the shares are reported as held by entities he controls (SPT Management, SFIP, LLC, JAWS Capital, LP).
- Notable footnotes: vesting was under the Starwood Property Trust, Inc. 2022 Manager Equity Plan; remaining RSUs will vest ratably through Dec 31, 2026–2028 as stated (F2, F5). Sternlicht disclaims beneficial ownership of securities held by entities he controls, except to the extent of his pecuniary interest (F3).
- Timeliness: filing date July 2, 2026 (covers 6/30/2026 activity); filing appears timely under Section 16 reporting windows.
Context
This was a settlement of restricted stock units awarded to the company’s external manager and converted into common shares upon vesting — not an open-market buy or sale by the insider. The M transaction code reflects conversion/exercise of a derivative right (RSU → share). Because the shares were issued to the manager entity (and reported as held by entities controlled by Mr. Sternlicht), the filing notes a disclaimer of beneficial ownership rather than a direct personal purchase or sale.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2][F3]2026-06-30+276,666→ 3,561,724 total(indirect: By controlled entities) - Exercise/Conversion
Restricted Stock Units
[F4][F1][F2][F5][F3]2026-06-30−276,666→ 1,450,004 total(indirect: By controlled entities)→ Common Stock (276,666 underlying)
- 14,407,616
Common Stock
Footnotes (5)
- [F1]On June 30, 2026, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 276,666 shares of the issuer's common stock in connection with the vesting of (i) 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), (ii) 112,500 of the restricted stock units originally granted to the Manager on March 6, 2025 (the "2025 RSUs"), and (iii) 55,833 of the restricted stock units originally granted to the Manager on March 10, 2026 (the "2026 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.
- [F2]The remaining 2024 RSUs, the remaining 2025 RSUs and the remaining 2026 RSUs will vest ratably in quarterly installments through December 31, 2026, December 31, 2027, and December 31, 2028, 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.
- [F3]Represents securities held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP. Mr. Sternlicht disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
- [F4]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F5]Represents the 1,300,000 2024 RSUs, the 1,350,000 2025 RSUs and the 670,000 2026 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.