Nina Momtazee Sitzer - 31 Dec 2022 Form 4 Insider Report for Griffin Realty Trust, Inc. (PKST)

Role
Chief Administrative Officer, General Counsel and Secretary
Signature
/s/ Javier F. Bitar, pursuant to a power of attorney
Issuer symbol
PKST
Transactions as of
31 Dec 2022
Net transactions value
-$198,310
Form type
4
Filing time
04 Jan 2023, 13:34:23 UTC
Previous filing
08 Aug 2022
Next filing
24 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PKST Common Stock Tax liability $26,403 -3,554 -1.8% $7.43 199,459 31 Dec 2022 Direct F1, F2
transaction PKST Common Stock Tax liability $61,157 -8,231 -4.1% $7.43 191,228 31 Dec 2022 Direct F2, F3
transaction PKST Common Stock Tax liability $110,750 -14,906 -7.8% $7.43 176,322 31 Dec 2022 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, 2022, of 8,021.5 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.
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, 2022, of 18,580.333 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.
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, 2022, of 33,647.333 previously reported, time-based restricted stock units granted to the Reporting Person on August 5, 2022. The shares of Class E Common Stock underlying the restricted stock units were delivered upon vesting.

Remarks:

Chief Administrative Officer, General Counsel and Secretary