Saldarriaga Esteban 4

What Happened Esteban Saldarriaga, CEO of Logistic Properties of the Americas (LPA), was granted a total of 270,000 restricted stock units (RSUs) on April 1, 2026 (four separate awards: 50,000; 120,000; 50,000; 50,000). These are derivative awards (RSUs) — each RSU represents a contingent right to receive one share of LPA common stock upon vesting. No per-share purchase price or immediate cash transaction was reported (price = N/A).

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (timely).
• Transaction type: A = Award/Grant of RSUs (derivative securities); total granted = 270,000 RSUs.
• Price/value: N/A on the Form 4 (no cash paid; value will depend on LPA stock price at vesting).
• Shares owned after transaction: filing did not specify total shares owned by the reporting person after these awards.
• Notable footnotes:
  • F1: 18,501 ordinary shares were withheld from vested shares for tax purposes.
  • F2–F5: Awards cover prior grant cycles (2024, 2025, 2026) and a transaction bonus; vesting schedules vary (some awards vest in roughly one‑third annual tranches, others vest 100% on a future date).
• Filing timeliness: appears timely (filed one day after the transaction date).

Context RSUs are compensation awards that convert into actual shares only when they vest (subject to continued employment and specified vesting dates). According to the footnotes, portions of some awards have staggered vesting (e.g., roughly one‑third per year) while a bonus award vests in full on a later date. These grants do not reflect an immediate open‑market purchase or sale and are common executive compensation; they increase potential future share ownership if the awards vest.