PORTNOY ADAM D. 4
4 · Seven Hills Realty Trust · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Seven Hills (SEVN) 10% Owner Adam D. Portnoy Receives Award
What Happened
Adam D. Portnoy (reported as a 10% owner) received an award of 9,976 common shares of Seven Hills Realty Trust (SEVN) on June 9, 2026. The grant was reported as an equity compensation award (Form 4 transaction code A). No per‑share price or total dollar value was reported for the grant (price listed as N/A).
Key Details
- Transaction date: 2026-06-09; Form 4 filed: 2026-06-10 (timely filing).
- Transaction type: Award/grant under issuer’s equity compensation plan (code A).
- Shares granted: 9,976 common shares; price/value: N/A (typical for restricted stock or similar awards).
- Ownership notes from filing:
- F2: ABP Trust holds 178,488 common shares; Mr. Portnoy is sole trustee and may be deemed a beneficial holder but disclaims beneficial ownership except for pecuniary interest.
- F3: Tremont Realty Capital LLC (TRC) holds 4,577,835 common shares; TRC is part of the RMR ownership chain in which Mr. Portnoy is a managing director/controlling shareholder and may be deemed to beneficially own those shares but similarly disclaims such ownership except to the extent of pecuniary interest.
- Shares owned after transaction: not explicitly stated in the filing for Mr. Portnoy’s personal account; see footnotes for entity holdings.
Context
This was an equity award (compensation) rather than an open‑market purchase or sale. Awards are routine forms of executive/director compensation and do not necessarily signal immediate bullish buying by the insider. As a reported 10% owner with related entity holdings, some shares are held through trusts and affiliated entities and are disclosed with disclaimers of beneficial ownership in the filing.
Insider Transaction Report
- Award
Common Shares of Beneficial Interest
[F1]2026-06-09+9,976→ 338,985 total
- 4,756,323(indirect: See Footnote)
Common Shares of Beneficial Interest
[F2][F3]
Footnotes (3)
- [F1]Transaction reported is grant of shares pursuant to issuer's equity compensation plan.
- [F2]178,488 Common Shares are held by ABP Trust, Mr. Portnoy is a holder of shares of beneficial interest in, and the sole trustee of, ABP Trust. Mr. Portnoy may be deemed to be a beneficial owner of the Common Shares owned directly by ABP Trust, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.
- [F3]4,577,835 Common Shares are held by Tremont Realty Capital LLC ("TRC"). TRC is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned subsidiary of The RMR Group Inc. ("RMR Inc."), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is also a beneficial owner and a director of TRC, RMR LLC and RMR Inc. and Mr. Portnoy may be deemed to beneficially own the Common Shares owned directly by TRC, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.