Hakman Joseph 4
Research Summary
AI-generated summary
Alexandria REIT (ARE) COO Joseph Hakman Forfeits and Withholds Shares
What Happened
Joseph Hakman, Chief Operating Officer of Alexandria Real Estate Equities, forfeited 1,759 restricted shares (reported as a disposition to the issuer) on 2026-01-23. In the same action, 214 shares were withheld by the issuer to satisfy withholding taxes at a per-share value of $59.69, totaling $12,774. These were not open-market sales but routine adjustments tied to restricted stock vesting/forfeiture.
Key Details
- Transaction dates: 2026-01-23 (reported on Form 4 filed 2026-01-27). Filing appears timely (filed within the SEC two-business-day window).
- Disposition (forfeiture): 1,759 shares @ $0.00 — reported as forfeited (footnote F1).
- Tax withholding: 214 shares withheld @ $59.69 = $12,774 to satisfy tax obligations upon vesting (footnote F2). Transaction code F indicates tax withholding.
- Shares owned after transaction: Not specified in this filing.
- Footnotes: F1 = forfeiture of portion of a previously reported restricted stock award. F2 = shares withheld by issuer to satisfy tax liability on vesting.
Context: These transactions reflect administrative actions related to restricted stock (forfeiture and tax withholding), not open-market buying or selling that would signal a trading opinion. Tax-withholding and forfeiture entries are common when restricted awards vest or are adjusted and generally do not by themselves indicate bullish or bearish insider intent.