Binda Marc E 4

What Happened
Marc E. Binda, Chief Financial Officer & Treasurer of Alexandria Real Estate Equities (ARE), recorded dispositions totaling 3,627 shares on 2026-01-23. Of those, 283 shares were withheld by the issuer to satisfy taxes at a price of $59.69 per share (value ~$16,892). Separately, 3,344 shares were disposed to the issuer at $0.00 (a forfeiture of a portion of a previously reported restricted stock award). These were not open-market sales.

Key Details

• Transaction date: 2026-01-23. Filing date: 2026-01-27 (appears filed after the typical 2-business-day Form 4 deadline).
• Specific entries:
  • 283 shares withheld to satisfy tax obligation — price $59.69, proceeds/value ~$16,892 (code F).
  • 3,344 shares forfeited/returned to issuer — price $0.00, value $0 (code D / footnote F1).
• Shares owned after the transactions: not disclosed in the provided filing.
• Footnotes:
  • F1: Forfeiture of a portion of a previously reported restricted stock award.
  • F2: Shares withheld by issuer to satisfy tax obligation upon vesting.
• Transaction codes: F = tax withholding; D = disposition to issuer (forfeiture).

Context
Tax withholding and forfeiture related to restricted stock vesting are routine administrative actions and do not represent open-market selling by the insider. Withholding to cover taxes is common and is not typically read as a bearish signal about the company. The apparent late filing may be worth noting for compliance tracking but does not change the economic nature of these transactions.