Adam Wyll - Dec 3, 2024 Form 4 Insider Report for American Assets Trust, Inc. (AAT)

Signature
/s/ Adam Wyll
Stock symbol
AAT
Transactions as of
Dec 3, 2024
Transactions value $
-$853,316
Form type
4
Date filed
12/5/2024, 09:03 AM
Previous filing
Dec 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AAT Common Stock, par value $0.01 Disposed to Issuer $0 -1.17K -0.9% $0.00 129K Dec 3, 2024 Direct
transaction AAT Common Stock, par value $0.01 Award $0 +146K +113.14% $0.00 275K Dec 4, 2024 Direct F1
transaction AAT Common Stock, par value $0.01 Sale -$853K -30.2K -39.87% $28.22 45.6K Dec 3, 2024 See Footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares of restricted common stock issued pursuant to the American Assets Trust, Inc. and American Assets Trust, L.P. Amended and Restated 2011 Equity Incentive Award Plan.
F2 The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 29, 2024, and represents the sale of shares necessary to meet tax withholding obligations as a result of vesting in restricted stock units on December 3, 2024. The sale does not represent a discretionary trade by the reporting person.
F3 Represents shares held by the Wyll Family Trust dated 3/16/2017, for which the Reporting Person is a trustee and beneficiary. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.