Neely Kay C. 4
Research Summary
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Sila Realty (SILA) EVP/CFO Neely Kay C. Receives Awards & Sells Shares
What Happened
- Neely Kay C., EVP, CFO, Treasurer & Secretary of Sila Realty Trust (SILA), received two equity awards on February 4, 2026: 18,508 performance-vested shares and 23,404 restricted time-based shares (total 41,912 shares, granted at $0.00). On the same date 7,403 shares were disposed (withheld) at $24.44 per share to satisfy the reporting person's income tax obligations, generating approximately $180,929 in value. The performance award was confirmed as vested for the 2025 performance period.
Key Details
- Transaction date: 2026-02-04; Form 4 filed Feb 6, 2026 (not indicated as late).
- Grants: 18,508 shares (performance-based) and 23,404 shares (time-based) reported as acquisitions at $0.00.
- Withholding: 7,403 shares withheld/ disposed at $24.44 each = ~$180,929 to satisfy taxes (transaction code F).
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Footnotes: F1 — performance awards vested based on achievement for the period ending 12/31/2025, confirmed by the compensation committee on 2/4/2026. F2 — withheld shares were used to satisfy income tax obligations. F3 — the time-based award vests 25% annually beginning 1/2/2027, subject to continued employment and plan terms.
Context
- This filing reflects award vesting and routine tax-withholding (a common administrative disposition), not an open-market sale intended to realize investment gains. The key actionable item is the vesting of performance shares (confirmation of targets met) and the grant of a time-based award that will vest over coming years.