Schaefer Joy L. 4

What Happened
Joy L. Schaefer, a director of American Assets Trust, was granted 3,843 shares of restricted common stock on 2026-06-01. The grant was reported at $0.00 per share (total consideration $0) and was issued pursuant to the American Assets Trust, Inc. and American Assets Trust, L.P. Amended and Restated 2011 Equity Incentive Award Plan. The shares are held in the Joy L. Schaefer Skaggs Separate Property Trust; the reporting person disclaims beneficial ownership except to the extent of her pecuniary interest.

Key Details

• Transaction date: 2026-06-01; transaction type: Award/Grant (Code A).
• Shares granted: 3,843; reported price: $0.00 per share; total reported consideration: $0.
• Footnote: F1 — issued as restricted common stock under the 2011 Equity Incentive Award Plan.
• Footnote: F2 — shares held by the Joy L. Schaefer Skaggs Separate Property Trust; reporting person disclaims beneficial ownership except for pecuniary interest.
• Shares owned after transaction: not specified on the Form 4.
• Filing date: 2026-06-01 — filing appears timely (no late-filing indication).

Context
This is a non-employee director compensation grant of restricted shares, which is a routine form of director pay and does not itself indicate a buy/sell market signal. The grant is described as "restricted" (likely subject to vesting or other transfer restrictions), though the Form 4 does not detail vesting terms.