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Sterling Real Estate Trust·4

Jul 16, 2:40 PM ET

Haugen Timothy 4

Research Summary

AI-generated summary

Updated

Sterling Real Estate Trust Trustee Timothy Haugen Receives 450 Shares

What Happened
Timothy Haugen, a trustee of Sterling Real Estate Trust, was issued 450 shares on 2026-07-15 as an award under the Trustee Compensation Plan. The shares were reported as acquired at $0.00 (total reported value $0), indicating these were compensation units/awards rather than a cash purchase.

Key Details

  • Transaction date: 2026-07-15; Form 4 filed 2026-07-16.
  • Transaction type: Award/Grant (code A) — 450 shares acquired at $0.00.
  • Shares owned after transaction: not specified in the provided filing.
  • Footnotes from the filing:
    • F1: Shares issued pursuant to the Trustee Compensation Plan.
    • F2: The units are subject to exchange or redemption under the LLLP Agreement and applicable redemption plan (may affect liquidity/convertibility).
    • F3: Related derivative securities have no expiration date.
  • No late-filing indication in the information provided.

Context
This was a compensation award to a trustee, which is a routine corporate governance/compensation event and not the same signal as an insider cash purchase. The F2 note suggests these units may be subject to exchange or redemption rules, so they may not be freely tradable common shares immediately.