Barry S. Sternlicht - 04 Mar 2024 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
04 Mar 2024
Net transactions value
$0
Form type
4
Filing time
04 Mar 2024, 17:32:14 UTC
Previous filing
28 Feb 2024
Next filing
18 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STWD Common Stock 2,342,126 04 Mar 2024 By controlled entities F1
holding STWD Common Stock 13,128,023 04 Mar 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 +1,300,000 +149% $0.000000 2,175,000 04 Mar 2024 Common Stock 1,300,000 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.