Fox Louis T III 5
5 · SILVER STAR PROPERTIES REIT, INC · Filed Nov 15, 2023
Insider Transaction Report
Form 5
Fox Louis T III
Chief Financial Officer
Transactions
- Award
Phantom Equity Units
2021-04-27$11.26/sh+53,286$600,000→ 53,286 total→ Common Stock (53,286 underlying)
Footnotes (2)
- [F1]The phantom equity award is issued under the Retention Plan and vests six years after the date of grant. Each phantom equity award is the economic equivalent of one share of the company's common stock. The recipient will receive distributions in the same amount as common shares during their tenure with the Company.
- [F2]To be settled in accordance with the terms and conditions of the Retention Plan, if vested, either in equivalent shares of the Company's common stock or in the cash equivalent thereof.