Gregory Jeremiah 4
Research Summary
AI-generated summary
W. P. Carey (WPC) Managing Director Gregory Jeremiah Receives Award
What Happened
- Gregory Jeremiah, Managing Director at W. P. Carey, reported the vesting/settlement of 5,846 performance-based shares (award code A) on Feb 6, 2026. To cover tax withholding (code F), 2,440 of those shares were withheld at $71.21 per share, a withholding value of $173,752. Net shares issued to him after withholding were 3,406.
- This was a vesting/award settlement (not a market purchase or open-market sale); the withholding is a routine tax payment (disposition of shares for taxes), not an investment sale.
Key Details
- Transaction date: 2026-02-06; Filing date: 2026-02-10 (timely filed within the Form 4 window).
- Award: 5,846 shares reported as acquired at $0.00 (reflecting settlement of performance share units).
- Withholding: 2,440 shares withheld at $71.21/share = $173,752 to satisfy tax liability.
- Net shares retained by the reporting person (5,846 − 2,440): 3,406 shares.
- Footnotes: F1 — Vesting of PSUs granted 1/24/2023 with a three-year performance cycle; underlying shares paid at end of any selected deferral. F2 — Tax liability paid by withholding shares in connection with PSU settlement.
- Shares owned after the transaction: not provided in the excerpt of the filing.
Context
- This was a settlement of performance stock units (derivative award). The withholding of shares to pay taxes is a common administrative step and does not necessarily indicate buying or selling intent.
- The transaction codes: A = Award/Grant (vesting/settlement); F = Tax withholding (disposition).