Penkar Rajan 4
4 · Service Properties Trust · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Service Properties Trust (SVC) Director Rajan Penkar Receives Award
What Happened
Rajan Penkar, a director of Service Properties Trust (NASDAQ: SVC), was granted 67,073 shares as an award under the issuer's equity compensation plan on June 11, 2026. The filing reports no per‑share price or aggregate dollar value (listed as N/A).
Key Details
- Transaction date: 2026-06-11; filing date (Form 4): 2026-06-12 (filed the next day).
- Transaction type/code: Award/Grant (code A).
- Shares acquired: 67,073; price/value: N/A (award).
- Shares owned after transaction: not explicitly stated in the filing.
- Footnotes: F1 — award granted under the issuer's equity compensation plan. F2 — 65,680 shares previously held directly by the reporting person were transferred to the Rajan Chandrakant Penkar Revocable Trust (reporting person is sole trustee and beneficiary).
- Timeliness: Filing appears timely (reported the next day), so no late‑filing flag.
Context
This was an equity award (compensation grant), not an open‑market purchase or sale. Such awards are routine forms of executive/director compensation and do not by themselves indicate the insider is buying or selling for personal cash needs. The trust transfer noted in the footnote reflects an internal change of ownership vehicle (to a revocable trust) rather than a market sale.
Insider Transaction Report
- Award
Common Shares of Beneficial Interest
[F1]2026-06-11+67,073→ 77,073 total
- 65,680(indirect: By Trust)
Common Shares of Beneficial Interest
[F2]
Footnotes (2)
- [F1]Transaction reported is award of shares pursuant to the Issuer's equity compensation plan.
- [F2]Consists of 65,680 shares previously held by the Reporting Person directly which were transferred to the Rajan Chandrakant Penkar Revocable Trust U/A DTD 10/25/11, of which the Reporting Person is the sole trustee and beneficiary.