Thomas Gregory Calvin 4

What Happened
Thomas Gregory Calvin, EVP and CTO of Alexandria Real Estate Equities (ARE), had 1,120 restricted shares forfeited and 133 shares withheld by the issuer to cover tax obligations on vesting. The forfeited shares had no cash value; the 133 withheld shares were valued at $59.69 each, totaling $7,939. These were administrative dispositions (not open‑market sales).

Key Details

• Transaction dates: 2026-01-23 (reported on Form 4 filed 2026-02-05). The filing appears to be late relative to the two‑business‑day Form 4 deadline.
• Transactions reported:
  • Disposition to issuer (forfeiture): 1,120 shares @ $0.00 = $0 (Footnote F1: forfeiture of portion of previously reported restricted stock award).
  • Shares withheld for tax obligation: 133 shares @ $59.69 = $7,939 (Footnote F2: shares withheld by issuer to satisfy tax withholding on vesting).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Filing timeliness: Reported on 2026-02-05 for a 2026-01-23 transaction (late filing); late Form 4s reduce immediacy of disclosure but do not by themselves indicate illicit activity.

Context
Forfeitures and issuer tax withholding are routine administrative events tied to equity awards (e.g., failure to meet vesting conditions or automatic share retention to cover taxes). These are not open‑market sales and generally do not signal the insider actively monetizing a position.