NorthStar Real Estate Income Trust, Inc. 4
4 · NorthStar Real Estate Income Trust, Inc. · Filed Jun 30, 2015
Insider Transaction Report
Form 4
Albro Jonathan Thomas
Director
Transactions
- Award
Common Stock
2015-06-26+4,990→ 21,990 total
Footnotes (1)
- [F1]Pursuant to the NorthStar Real Estate Income Trust, Inc. (the "Company") Amended and Restated Independent Directors Compensation Plan (the "Plan"), each of the Company's independent directors receives a grant of $50,000 in shares of the Company's common stock (the "Restricted Stock") following re-election to the Company's Board of Directors. The Restricted Stock vests quarterly over a two year period with an initial vesting date of July 1, 2015. Pursuant to the Plan, the amount of Restricted Stock was determined by dividing the fixed grant value of $50,000 by the most recently disclosed per share net asset value of the Company's common stock, or $10.00.