Barry S. Sternlicht - Jun 30, 2024 Form 4 Insider Report for STARWOOD PROPERTY TRUST, INC. (STWD)

Role
CEO, Chairman of the Board, Director
Signature
/s/ Barry S. Sternlicht
Stock symbol
STWD
Transactions as of
Jun 30, 2024
Transactions value $
$0
Form type
4
Date filed
7/1/2024, 04:32 PM
Previous filing
Jun 27, 2024
Next filing
Jul 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STWD Common Stock Options Exercise +233K +11.93% 2.19M Jun 30, 2024 By controlled entities F1, F2, F3, F4
holding STWD Common Stock 13.8M Jun 30, 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STWD Restricted Stock Units Options Exercise $0 -233K -12.02% $0.00 1.71M Jun 30, 2024 Common Stock 233K By controlled entities F1, F2, F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 30, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.
F2 The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.
F3 Reflects 311,402 shares of the issuer's common stock that were previously held by the Manager and reported as indirectly beneficially owned by Mr. Sternlicht, which were transferred to Mr. Sternlicht on June 24, 2024 such that they are now directly beneficially owned by Mr. Sternlicht.
F4 Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.
F5 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F6 Represents the 1,500,000 2022 RSUs and the 1,300,000 2024 RSUs granted to the Manager, less those restricted stock units that have already vested and been converted into shares of the issuer's common stock.