Barry S. Sternlicht - 02 Mar 2023 Form 4 Insider Report for STARWOOD PROPERTY TRUST, INC. (STWD)

Role
CEO, Chairman of Board, Director
Signature
/s/ Barry S. Sternlicht
Issuer symbol
STWD
Transactions as of
02 Mar 2023
Net transactions value
$0
Form type
4
Filing time
16 Mar 2023, 18:20:35 UTC
Previous filing
01 Mar 2023
Next filing
16 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STWD Common Stock Award +242,919 +27% 1,150,494 02 Mar 2023 By controlled entities F1, F2, F3
holding STWD Common Stock 12,821,522 02 Mar 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted shares of the issuer's common stock granted to SPT Management, LLC, the issuer's external manager (the "Manager"), as payment of 50% of the incentive fee as required by the Management Agreement between the issuer and the Manager, net of shares of the issuer's common stock distributed to certain employees and/or other persons having an affiliation with the Manager. This transaction is being reported late due to an inadvertent administrative error.
F2 Reflects (i) the number of shares of the issuer's common stock that were beneficially owned by Mr. Sternlicht following all reported transactions as of March 15, 2023 and (ii) the contribution of 2,250,000 shares of the issuer's common stock that were previously held by an entity directly or indirectly controlled by Mr. Sternlicht and reported as indirectly beneficially owned by Mr. Sternlicht on March 14, 2023 such that they are now directly beneficially owned by Mr. Sternlicht.
F3 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.