Seton Michael A 4

What Happened

• Michael A. Seton, President, CEO and a director of Sila Realty Trust (SILA), was issued a total of 91,589 restricted shares on Feb 4, 2026 (two grants: 43,185 and 48,404 shares) at $0.00 per share as equity awards. On the same date, 17,274 shares were withheld (disposed) at $24.44 per share to satisfy tax withholding obligations, generating a withholding value of $422,177. The 43,185-share award reflects performance-based awards that vested for the 2025 performance period; the 48,404-share grant is a time-based award subject to future vesting.

Key Details

• Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (timely).
• Awards: 43,185 shares (performance-based, vested for period ending 12/31/2025) and 48,404 shares (Time-Based 2026 Award).
• Withholding: 17,274 shares withheld at $24.44 per share to cover income taxes; total value ~$422,177.
• Award price: $0.00 per share (compensation grants).
• Shares owned after transaction: Not disclosed in the excerpted filing.
• Footnotes: Compensation committee confirmed performance vesting (F1); withholding was to satisfy tax obligations (F2); the time-based award vests 25% annually beginning Jan 2, 2027 (F3).

Context

• These were compensation awards (not open-market purchases or option exercises). The performance-based portion vested based on meeting pre-established targets; the time-based portion will vest over future years (25% per year). The tax-withholding is a routine administrative step and does not necessarily indicate a discretionary sale of shares for liquidity.