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

Role
CEO, Chairman of Board, Director
Signature
/s/ Barry S. Sternlicht
Stock symbol
STWD
Transactions as of
Mar 4, 2024
Transactions value $
$0
Form type
4
Date filed
3/4/2024, 05:32 PM
Previous filing
Feb 28, 2024
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STWD Common Stock 2.34M Mar 4, 2024 By controlled entities F1
holding STWD Common Stock 13.1M Mar 4, 2024 Direct

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 Award $0 +1.3M +148.57% $0.00 2.18M Mar 4, 2024 Common Stock 1.3M By controlled entities F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including SPT Management, LLC, the issuer's external manager (the "Manager"), SFIP, LLC and JAWS Capital, LP.
F2 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F3 On March 4, 2024, the issuer granted to the Manager an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan consisting of 1,300,000 restricted stock units (the "2024 RSUs"). The 2024 RSUs will vest ratably in quarterly installments through December 31, 2026, 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.
F4 Represents the 1,500,000 restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs") and the 1,300,000 2024 RSUs granted to the Manager, less those 2022 RSUs that have already vested and been converted into shares of the issuer's common stock.