Michael J. Escalante - Dec 31, 2022 Form 4 Insider Report for Griffin Realty Trust, Inc. (PKST)

Role
Chief Executive Officer and President, Director
Signature
/s/ Michael J. Escalante
Stock symbol
PKST
Transactions as of
Dec 31, 2022
Transactions value $
-$1,190,546
Form type
4
Date filed
1/4/2023, 01:35 PM
Previous filing
Aug 8, 2022
Next filing
Mar 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PKST Common Stock Tax liability -$67.5K -9.09K -0.55% $7.43 1.66M Dec 31, 2022 Direct F1, F2
transaction PKST Common Stock Tax liability -$509K -68.5K -4.13% $7.43 1.59M Dec 31, 2022 Direct F2, F3
transaction PKST Common Stock Tax liability -$614K -82.7K -5.2% $7.43 1.51M Dec 31, 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 183,054.5 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, 2022, of 130,063.333 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 157,021 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 Executive Officer and President