Nieto Joseph 4

What Happened Joseph Nieto, Chief Financial Officer of Starwood Real Estate Income Trust, received a grant of 3,798 Class I partnership units (a derivative award) on 2026-03-19. The reported acquisition price was $0.00 (a compensatory award), so no cash was paid. This was a grant/award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-19; filing date: 2026-04-06 (filed after the transaction date).
• Reported amount: 3,798 Class I Partnership Units; reported acquisition price: $0.00.
• Shares/units owned after the transaction: not specified in the filing.
• Footnotes from the filing:
  • F1: Upon vesting, Class I Partnership Units may settle in Operating Partnership Units, Common Shares or cash at the discretion of the Starwood REIT Special Limited Partner, LLC.
  • F2: The reported Class I Partnership Units will vest subject to the reporting person’s continued employment.
  • F3: Operating Partnership Units are redeemable for an equal number of REIT common shares or cash equal to fair market value and have no expiration date.
• No 10b5-1 plan, tax-withholding, or immediate sale noted in the filing.

Context This transaction is a compensation-related derivative grant that vests over time (subject to continued employment) and may convert to operating partnership units, shares, or cash later. It is not an open-market purchase or sale and therefore should not be interpreted as a direct buy/sell signal. The filing was submitted on 2026-04-06 for a 2026-03-19 transaction, indicating a delayed Form 4 submission.