Javier F. Bitar - Dec 31, 2021 Form 4 Insider Report for Griffin Realty Trust, Inc. (PKST)

Role
Chief Financial Officer and Treasurer
Signature
/s/ Javier F. Bitar
Stock symbol
PKST
Transactions as of
Dec 31, 2021
Transactions value $
-$318,659
Form type
4
Date filed
1/13/2022, 03:26 PM
Next filing
Mar 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PKST Common Stock Tax liability -$11.8K -1.3K -0.36% $9.12 357K Dec 31, 2021 Direct F1, F2
transaction PKST Common Stock Tax liability -$128K -14.1K -3.94% $9.12 343K Dec 31, 2021 Direct F2, F3
transaction PKST Common Stock Tax liability -$178K -19.6K -5.7% $9.12 323K Dec 31, 2021 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class E Common Stock of the Issuer withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting, on December 31, 2021, of 26,150.75 previously reported, time-based restricted stock units granted to the Reporting Person on May 1, 2019. The shares of Class E Common Stock underlying the restricted stock units were not delivered upon vesting, but instead will be deferred for delivery on May 1, 2023, or, if sooner, upon the Reporting Person's termination of employment, pursuant to a deferral election previously made by the Reporting Person.
F2 Includes shares of Class E Common Stock of the Issuer previously issued to the Reporting Person as a distribution pursuant to (i) the Issuer's distribution reinvestment plan and (ii) the Issuer's monthly stock distribution to all of its stockholders, neither of which is required to be reported on a Form 4.
F3 Represents shares of Class E Common Stock of the Issuer withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting, on December 31, 2021, of 26,738 previously reported, time-based restricted stock units granted to the Reporting Person on January 15, 2020. The shares of Class E Common Stock underlying the restricted stock units were delivered upon vesting.
F4 Represents shares of Class E Common Stock of the Issuer withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting, on December 31, 2021, of 37,161 previously reported, time-based restricted stock units granted to the Reporting Person on January 22, 2021. The shares of Class E Common Stock underlying the restricted stock units were delivered upon vesting.

Remarks:

Chief Financial Officer and Treasurer