Elaiwat Lenah 4
4 · Seaport Entertainment Group Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Seaport Entertainment (SEG) CFO Elaiwat Lenah Receives RSU Award
What Happened
Elaiwat Lenah, Chief Financial Officer of Seaport Entertainment Group Inc. (SEG), was granted 9,766 restricted stock units (RSUs) on Feb 26, 2026 (an award/acquisition). Separately, 914 shares were withheld on Feb 27, 2026 to satisfy a tax liability related to the vesting of shares; the withholding is recorded as a disposition valued at $23.36 per share, totaling $21,351. The RSU grant is recorded at $0.00 per share (no cash purchase).
Key Details
- Transactions: 9,766 RSUs granted (Code A) on 2026-02-26; 914 shares withheld for taxes (Code F) on 2026-02-27.
- Prices/values: RSUs granted at $0.00 (grant value recorded as $0); 914 shares withheld at $23.36 each for a $21,351 withholding.
- Vesting: Footnote states 1,996 RSUs vest on Feb 27, 2027, and 7,770 RSUs vest in three substantially equal annual installments beginning Feb 27, 2027.
- Shares owned after transaction: not disclosed in the filing.
- Filing timeliness: Form 4 filed 2026-03-02; filing appears timely (within required reporting window).
- Footnotes/notes: F1 describes the RSU grant and vesting schedule; F2 confirms the 914-share withholding to cover tax liability. Transaction codes: A = award/grant, F = tax withholding.
Context
RSU grants are compensation awards and do not represent an open-market purchase (they are not necessarily a direct bullish signal). The withholding of shares to cover taxes is a routine administrative step when equity compensation vests and is common among insiders. The filing contains factual details about the grant and withholding but does not provide any additional indication of trading intent or changes in ownership beyond the tax withholding.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-26+9,766→ 32,368 total - Tax Payment
Common Stock
[F2]2026-02-27$23.36/sh−914$21,351→ 31,454 total
Footnotes (2)
- [F1]Represents restricted stock units ("RSUs") granted to the Reporting Person pursuant to Seaport Entertainment Group Inc.'s (the "Issuer") 2024 Equity Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of the Issuer's common stock. 1,996 RSUs vest on February 27, 2027 and 7,770 RSUs vest in three substantially equal annual installments beginning on February 27, 2027, subject to the Reporting Person's continued service with the Issuer or its subsidiaries through such date.
- [F2]On February 27, 2026, the Issuer withheld 914 shares of common stock of the Issuer from the Reporting Person for payment of the tax liability incident to the vesting of shares of common stock granted by the Issuer pursuant to the terms of the Plan.