SCHAEFFER SCOTT 4

What Happened
Scott Schaeffer, Chair of the Board and CEO of Independence Realty Trust, forfeited/withheld 14,864 shares on March 1, 2026 at an effective price of $16.57 per share, a total value of about $246,296. This was a tax-withholding transaction tied to the vesting of previously awarded stock — not an open-market sale.

Key Details

• Transaction date: 2026-03-01; price used: $16.57/share; total value ≈ $246,296.
• Transaction code: F (forfeiture/withholding to satisfy tax liability).
• Footnote: The forfeiture was undertaken solely to satisfy a tax withholding liability related to the vesting of stock held by the reporting person.
• Shares owned after the transaction: not specified in the provided excerpt — see full Form 4 for post-transaction holdings.
• Filing: Report filed 2026-03-03 (appears to be timely — within the typical 2-business-day Form 4 deadline).

Context
This was a routine tax-withholding (often called a cashless or share-withholding) tied to vesting, not a sale on the open market. Such transactions are common when restricted stock vests and generally do not signal a change in the insider’s confidence in the company. For full ownership context, review the complete Form 4 filing for Schaeffer’s remaining holdings.