Niehaus Christopher 4

What Happened
Christopher Niehaus, a non-employee director of W. P. Carey Inc. (WPC), was granted an award of 2,824 restricted shares on July 1, 2026. The grant was reported as an acquisition (code A) at a $0.00 per-share price (total reported value $0). The restricted shares are scheduled to vest in full on the one-year anniversary of the grant. The underlying shares will be paid at the end of the deferral period Niehaus selects under the company’s Deferred Compensation Plan for Non-Employee Directors.

Key Details

• Transaction date: 2026-07-01; Form 4 filed 2026-07-02 (timely filing).
• Transaction type/code: Award/Grant (A). Reported acquisition: 2,824 shares at $0.00 (total $0).
• Includes 294.318 dividend equivalent rights (DERs) tied to dividends on deferred shares; each DER equals the economic equivalent of one share and becomes payable at the end of the deferral period.
• Vesting: Scheduled to vest in full on the anniversary of the grant date per the Issuer’s Amended and Restated 2017 Share Incentive Plan.
• Shares owned after the transaction: not disclosed in the provided filing information.

Context
This is a routine director compensation award (restricted shares and dividend equivalents) rather than an open-market purchase or sale. Because the shares are deferred and subject to vesting, this filing reflects compensation mechanics more than an immediate transfer of market exposure.