4//SEC Filing
Schnur Steven W 4
Accession 0001820037-21-000052
CIK 0000783280other
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 12:29 PM ET
Size
14.1 KB
Accession
0001820037-21-000052
Insider Transaction Report
Form 4
Schnur Steven W
Sr. Regional, EVP
Transactions
- Discretionary Transaction
Phantom Stock Units
2021-11-12−9,910→ 0 total→ Common Stock (9,910 underlying)
Holdings
- 17,948
LTIP Units
→ Common Stock (17,948 underlying) - 7,988
Common Stock
- 55,621
Units
→ Common Stock (55,621 underlying) - 2,426(indirect: By 401(k))
Common Stock
- 10,301
LTIP Units
→ Common Stock (10,301 underlying) - 7,151
LTIP Units
→ Common Stock (7,151 underlying)
Footnotes (9)
- [F1]Between May 5, 2021 and November 16, 2021, the Reporting Person acquired 82 shares of DRE common stock through dividend reinvestment.
- [F2]Between May 5, 2021 and November 16, 2021, the Reporting Person acquired 25 shares of DRE's common stock under the Company's 401(k) Plan.
- [F3]Represents phantom stock units accrued under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership (the Plan). The units are valued on a one to one basis to the Company's common stock and are to be settled in cash and/or stock upon the Reporting Person's termination of employment.
- [F4]The Reporting Person transferred the value of phantom stock units in the Plan to other investments in the Plan. The value of the phantom stock units at the time of transfer was $57.67.
- [F5]Represents units of limited partnership interest (LTIP Unit) in Duke Realty Limited Partnership (DRLP), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based incentive programs. When both earned and vested, each LTIP Unit will automatically convert into a Common Unit of limited partnership interest in DRLP. Each Common Unit acquired upon the conversion of an LTIP Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. LTIP Units converted to Common Units are generally not redeemable until two years from the date of the grant.
- [F6]LTIP Units vest in three equal installments beginning on February 10, 2021 and have no expiration date.
- [F7]LTIP Units vest in three equal installments beginning on February 10, 2022 and have no expiration date.
- [F8]LTIP Units awarded in lieu of performance share plan units and upon meeting the performance-based conditions, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934. LTIP Units are awarded according to the terms described in footnote 5 and have no expiration date.
- [F9]Represents LTIP Units that have converted to Common Units of DRLP. Each Common Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. LTIP Units converted to Common Units are generally not redeemable until two years from the date of grant and have no expiration date.
Documents
Issuer
DUKE REALTY CORP
CIK 0000783280
Entity typeother
Related Parties
1- filerCIK 0001730074
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 12:29 PM ET
- Size
- 14.1 KB