BrightSpire Capital (BRSP) exec granted shares and has stock withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BrightSpire Capital executive Andrew Elmore Witt received stock-based compensation and had shares withheld for taxes. On March 16, 2026 he was granted 144,405 shares of Class A common stock that vest in three equal annual installments on March 15, 2027, March 15, 2028 and March 15, 2029. He also acquired 119,457 shares issued upon settlement of 2023 performance restricted stock units earned for a performance period ending March 6, 2026. To cover withholding taxes tied to prior grants and these performance units, 131,414 shares were withheld at $5.54 per share, leaving him with 712,076 Class A shares held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Witt Andrew Elmore
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 144,405 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 119,457 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 131,414 | $5.54 | $728K |
Holdings After Transaction:
Class A Common Stock — 724,033 shares (Direct)
Footnotes (1)
- Represents shares of Class A Common Stock granted to the reporting person by the Issuer, which vest annually in three equal installments on March 15, 2027, March 15, 2028 and March 15, 2029. Represents shares of Class A Common Stock issued to the reporting person by the Issuer in connection with the settlement of 2023 performance restricted stock units (the "2023 PRSUs") earned for the performance period ended March 6, 2026. Represents the number of shares withheld by the Issuer in satisfaction of withholding taxes in connection with the vesting of certain shares of Class A common stock acquired through prior grants and the 2023 PRSUs.
FAQ
What insider transactions did BrightSpire Capital (BRSP) report for Andrew Elmore Witt?
BrightSpire Capital reported that executive Andrew Elmore Witt received two stock grants and had shares withheld for taxes. He acquired 144,405 time-based shares, 119,457 performance-based shares, and 131,414 shares were withheld to satisfy tax obligations, leaving 712,076 shares held directly.
What is the vesting schedule for Andrew Elmore Witt’s new BrightSpire Capital (BRSP) stock grant?
The new 144,405-share grant vests in three equal annual installments. The installments vest on March 15, 2027, March 15, 2028, and March 15, 2029, providing a multi-year incentive structure tied to continued service with BrightSpire Capital.
What are the 2023 performance restricted stock units mentioned in the BrightSpire Capital (BRSP) Form 4?
The 2023 performance restricted stock units are equity awards tied to a performance period ending March 6, 2026. Upon completion of that period, 119,457 Class A shares were issued to Andrew Elmore Witt as settlement for the earned performance units.