PARTRIDGE MATTHEW MORRIS 4

What Happened

• Matthew Morris Partridge, CEO of Seaport Entertainment Group Inc. (SEG), received equity awards on Feb 26, 2026: 27,625 restricted stock units (RSUs) and 55,148 derivative option awards. Both grants are reported at $0.00 per share (no cash paid).
• These are grants/awards (not open-market purchases or sales) and do not represent immediately tradable shares. The RSUs and options become valuable only if and when they vest and (for options) are exercised.

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (within the SEC’s 2-business-day filing window).
• RSUs: 27,625 units granted at $0.00. Footnote F1: each RSU equals a contingent right to one share; vesting in three substantially equal annual installments beginning Feb 27, 2027, subject to continued service.
• Derivative/options: 55,148 units granted at $0.00 (reported as derivative). Footnote F2: options vest in four substantially equal annual installments beginning Feb 26, 2027, subject to continued service.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No indication of 10b5-1 plan, cashless exercise, tax-withholding sale, or late filing in this report.

Context

• These awards are standard equity compensation: they signal the company is granting future compensation tied to tenure/performance, but they are not immediate purchases by the insider and should not be interpreted as an immediate bullish or bearish trade.
• For the options, value depends on future stock price and whether Partridge exercises them after vesting; RSUs will convert to company shares only as they vest.