SULLIVAN ROBERT S 4

What Happened
Robert S. Sullivan, a director of American Assets Trust, received a grant of 3,843 restricted shares of common stock on 2026-06-01. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 per share (total reported $0), reflecting a grant of restricted stock rather than an open‑market purchase.

Key Details

• Transaction date: 2026-06-01; transaction type: A (award/grant).
• Shares granted: 3,843 restricted common shares; reported price: $0.00/share (total $0).
• Shares owned following the transaction: not specified in the provided filing.
• Footnote: F1 — shares issued to the reporting person as a non‑employee director under the American Assets Trust, Inc. and American Assets Trust, L.P. Amended and Restated 2011 Equity Incentive Award Plan.
• Filing timeliness: report filed for the period 2026-06-01 on 2026-06-01 (no late filing indicated).
• No 10b5-1 plan, tax‑withholding sale, or immediate disposition noted in the filing.

Context
Grants of restricted stock to directors are common as part of board compensation and typically vest over time or are subject to forfeiture conditions; they are not the same as purchases and do not by themselves indicate buying or selling sentiment. The $0.00 reporting reflects the grant event on the Form 4, not the market value of the shares.