TriMas (TRS) director Sedaghat receives 2,853-share equity grant
Rhea-AI Filing Summary
TRIMAS CORP director and 10% owner Shawn Sedaghat received a grant of 2,853 shares of Common Stock as a compensation award. The shares were acquired at a price of $0.00 per share, bringing his directly held position to 4,177,660 shares.
The filing also reports 1,883,758 shares held indirectly through Swan Family Office, LLC, an entity for which Sedaghat is the managing member. Footnotes clarify that Trend International Holding AG and related parties disclaim beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Routine equity award modestly increases a major holder’s stake.
The Form 4 shows Shawn Sedaghat, a director and 10% owner of TRIMAS CORP, receiving 2,853 shares of Common Stock as a grant with a reported price of $0.00 per share. This is a standard compensation-related acquisition, not an open-market purchase.
After the grant, his directly held stake rises to 4,177,660 shares, while an additional 1,883,758 shares are held indirectly through Swan Family Office, LLC. Given the small size of the grant relative to these holdings and the absence of sales, this appears to be a routine governance event rather than a thesis-changing signal.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,853 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 6,993 of the securities reported herein, including the 2,853 securities subject to the transaction reported herein (the "Director Shares"), are directly held by Shawn Sedaghat ("Mr. Sedaghat"). Trend International Holding AG ("Trend") does not have beneficial ownership of the Director Shares, and specifically disclaims beneficial ownership of the Director Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"). This report shall not be deemed to be an admission that Trend is the beneficial owner of the Director Shares for purposes of Section 16, or for any other purpose. 4,170,667 of the securities reported in Table One, Column Five are held directly by Trend. Mr. Sedaghat (and together with Trend, the "Reporting Persons") may be deemed to beneficially own such reported securities by virtue of the fact that Mr. Sedaghat is the Chairman of the Board of, and controls, Trend. Each of Trend and Mr. Sedaghat disclaims beneficial ownership of such reported securities for purposes of Section 16, except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed to be an admission that either Reporting Person is the beneficial owner of such reported securities for purposes of Section 16, or for any other purpose. The securities reported herein are directly held by Swan Family Office, LLC ("Swan Family Office"). Mr. Sedaghat may be deemed to beneficially own the reported securities by virtue of the fact that Mr. Sedaghat is the Managing Member of Swan Family Office. Each of Swan Family Office and Mr. Sedaghat disclaims beneficial ownership of the securities to which this filing relates for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed to be an admission that either Swan Family Office or Mr. Sedaghat is the beneficial owner of such securities for purposes of Section 16, or for any other purpose. Trend does not have beneficial ownership of these securities, and specifically disclaims beneficial ownership of these securities. This report shall not be deemed to be an admission that Trend is the beneficial owner of such securities for purposes of Section 16, or for any other purpose.
