AGÕæÈ˹ٷ½

STOCK TITAN

[Form 4] Whitestone REIT Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

On July 1, 2025, Brink's Company (BCO) director Paul G. Boynton acquired 196 deferred stock units through the company's Director Fee Deferral Plan. Each unit is economically equivalent to one common share and was credited at $89.29, the closing price on the final trading day of the quarter. The units will convert to common stock on a one-for-one basis at a future date chosen by the director or upon termination of board service. Following the credit, Boynton now beneficially owns 10,099.95 deferred units. No shares were sold, and the filing reflects routine quarterly compensation rather than a discretionary market transaction; therefore, the impact on Brink's capital structure and public float is immaterial.

Il 1° luglio 2025, il direttore di Brink's Company (BCO), Paul G. Boynton, ha acquisito 196 unità di azioni differite tramite il Piano di Differimento delle Compensi dei Direttori dell'azienda. Ogni unità è economicamente equivalente a un'azione ordinaria ed è stata accreditata al prezzo di chiusura di 89,29 $ del giorno di negoziazione finale del trimestre. Le unità si convertiranno in azioni ordinarie con un rapporto uno a uno in una data futura scelta dal direttore o al termine del servizio nel consiglio. Dopo l'accredito, Boynton possiede ora beneficiariamente 10.099,95 unità differite. Non sono state vendute azioni e la comunicazione riflette una compensazione trimestrale di routine piuttosto che una transazione discrezionale di mercato; pertanto, l'impatto sulla struttura del capitale di Brink's e sul flottante pubblico è irrilevante.

El 1 de julio de 2025, el director de Brink's Company (BCO), Paul G. Boynton, adquirió 196 unidades de acciones diferidas a través del Plan de Diferimiento de Honorarios para Directores de la empresa. Cada unidad equivale económicamente a una acción común y fue acreditada a $89.29, el precio de cierre del último día de negociación del trimestre. Las unidades se convertirán en acciones comunes en una proporción uno a uno en una fecha futura elegida por el director o al finalizar su servicio en la junta. Tras el crédito, Boynton posee ahora beneficiosamente 10,099.95 unidades diferidas. No se vendieron acciones y la presentación refleja una compensación trimestral rutinaria en lugar de una transacción discrecional de mercado; por lo tanto, el impacto en la estructura de capital y el flotante público de Brink's es insignificante.

2025ë…� 7ì›� 1ì�, Brink's Company(BCO) ì´ì‚¬ Paul G. BoyntonëŠ� 회사ì� ì´ì‚¬ 수수ë£� ì´ì—° 계íšì� 통해 196ê°œì˜ ì´ì—° ì£¼ì‹ ë‹¨ìœ„ë¥� ì·¨ë“했습니다. ê°� 단위ëŠ� 보통ì£� 1주와 경제ì ìœ¼ë¡� ë™ì¼í•˜ë©°, 분기 마지ë§� 거래ì� 종가ì� 89.29달러ë¡� ì ë¦½ë˜ì—ˆìŠµë‹ˆë‹�. ì� ë‹¨ìœ„ë“¤ì€ ì´ì‚¬ê°€ ì„ íƒí•� 미래ì� ë‚ ì§œë‚� ì´ì‚¬íš� 서비ìŠ� 종료 ì‹� 1대 1 비율ë¡� 보통주로 전환ë©ë‹ˆë‹�. ì ë¦½ í›� Boyntonì€ í˜„ìž¬ 10,099.95 ì´ì—° 단위ë¥� 실질ì ìœ¼ë¡� 보유하고 있습니다. 주ì‹ì€ 매ë„ë˜ì§€ 않았으며, ì´ë²ˆ ë³´ê³ ëŠ� ìž„ì˜ì� 시장 거래가 아닌 정기 분기 ë³´ìƒì� ë°˜ì˜í•˜ë¯€ë¡� Brink'sì� ìžë³¸ 구조 ë°� 공개 유통 주ì‹ì—� 미치ëŠ� ì˜í–¥ì€ 미미합니ë‹�.

Le 1er juillet 2025, le directeur de Brink's Company (BCO), Paul G. Boynton, a acquis 196 unités d'actions différées dans le cadre du Plan de Report des Honoraires des Administrateurs de la société. Chaque unité équivaut économiquement à une action ordinaire et a été créditée à 89,29 $, le cours de clôture du dernier jour de bourse du trimestre. Les unités seront converties en actions ordinaires à raison d'une pour une à une date future choisie par le directeur ou à la fin de son mandat au conseil. Après ce crédit, Boynton détient désormais bénéficiairement 10 099,95 unités différées. Aucune action n'a été vendue et la déclaration reflète une rémunération trimestrielle de routine plutôt qu'une transaction discrétionnaire sur le marché ; par conséquent, l'impact sur la structure du capital et le flottant public de Brink's est négligeable.

Am 1. Juli 2025 erwarb der Direktor der Brink's Company (BCO), Paul G. Boynton, 196 aufgeschobene Aktieneinheiten über den Director Fee Deferral Plan des Unternehmens. Jede Einheit entspricht wirtschaftlich einer Stammaktie und wurde mit 89,29 $ bewertet, dem Schlusskurs am letzten Handelstag des Quartals. Die Einheiten werden zu einem späteren Zeitpunkt, den der Direktor wählt, oder bei Beendigung der Vorstandsmitgliedschaft eins zu eins in Stammaktien umgewandelt. Nach der Gutschrift besitzt Boynton nun wirtschaftlich 10.099,95 aufgeschobene Einheiten. Es wurden keine Aktien verkauft, und die Meldung spiegelt eine routinemäßige vierteljährliche Vergütung wider, keine diskretionäre Markttransaktion; daher ist die Auswirkung auf die Kapitalstruktur und den Streubesitz von Brink's unerheblich.

Positive
  • Director increased holdings by 196 deferred stock units, enhancing alignment with shareholder interests
Negative
  • None.

Insights

TL;DR: Routine Form 4 shows director added 196 deferred units; neutral impact, signals continuing alignment but immaterial to valuation.

The transaction is a scheduled quarterly credit under Brink's Director Fee Deferral Plan. With a market value of roughly $17,500, the size is negligible relative to Brink's market capitalization. Because the units are deferred and settled later, no cash outflow or share issuance occurs today. The lack of disposition is modestly reassuring but not a buy signal. Overall, the filing is neutral for investors.

TL;DR: Standard compensation deferral increases director ownership; governance-friendly but not market-moving.

Deferring board fees into stock units enhances director–shareholder alignment, an ESG-positive practice. However, the small volume and automatic nature mean limited informational value regarding future company prospects. No red flags on compliance or reporting accuracy are evident.

Il 1° luglio 2025, il direttore di Brink's Company (BCO), Paul G. Boynton, ha acquisito 196 unità di azioni differite tramite il Piano di Differimento delle Compensi dei Direttori dell'azienda. Ogni unità è economicamente equivalente a un'azione ordinaria ed è stata accreditata al prezzo di chiusura di 89,29 $ del giorno di negoziazione finale del trimestre. Le unità si convertiranno in azioni ordinarie con un rapporto uno a uno in una data futura scelta dal direttore o al termine del servizio nel consiglio. Dopo l'accredito, Boynton possiede ora beneficiariamente 10.099,95 unità differite. Non sono state vendute azioni e la comunicazione riflette una compensazione trimestrale di routine piuttosto che una transazione discrezionale di mercato; pertanto, l'impatto sulla struttura del capitale di Brink's e sul flottante pubblico è irrilevante.

El 1 de julio de 2025, el director de Brink's Company (BCO), Paul G. Boynton, adquirió 196 unidades de acciones diferidas a través del Plan de Diferimiento de Honorarios para Directores de la empresa. Cada unidad equivale económicamente a una acción común y fue acreditada a $89.29, el precio de cierre del último día de negociación del trimestre. Las unidades se convertirán en acciones comunes en una proporción uno a uno en una fecha futura elegida por el director o al finalizar su servicio en la junta. Tras el crédito, Boynton posee ahora beneficiosamente 10,099.95 unidades diferidas. No se vendieron acciones y la presentación refleja una compensación trimestral rutinaria en lugar de una transacción discrecional de mercado; por lo tanto, el impacto en la estructura de capital y el flotante público de Brink's es insignificante.

2025ë…� 7ì›� 1ì�, Brink's Company(BCO) ì´ì‚¬ Paul G. BoyntonëŠ� 회사ì� ì´ì‚¬ 수수ë£� ì´ì—° 계íšì� 통해 196ê°œì˜ ì´ì—° ì£¼ì‹ ë‹¨ìœ„ë¥� ì·¨ë“했습니다. ê°� 단위ëŠ� 보통ì£� 1주와 경제ì ìœ¼ë¡� ë™ì¼í•˜ë©°, 분기 마지ë§� 거래ì� 종가ì� 89.29달러ë¡� ì ë¦½ë˜ì—ˆìŠµë‹ˆë‹�. ì� ë‹¨ìœ„ë“¤ì€ ì´ì‚¬ê°€ ì„ íƒí•� 미래ì� ë‚ ì§œë‚� ì´ì‚¬íš� 서비ìŠ� 종료 ì‹� 1대 1 비율ë¡� 보통주로 전환ë©ë‹ˆë‹�. ì ë¦½ í›� Boyntonì€ í˜„ìž¬ 10,099.95 ì´ì—° 단위ë¥� 실질ì ìœ¼ë¡� 보유하고 있습니다. 주ì‹ì€ 매ë„ë˜ì§€ 않았으며, ì´ë²ˆ ë³´ê³ ëŠ� ìž„ì˜ì� 시장 거래가 아닌 정기 분기 ë³´ìƒì� ë°˜ì˜í•˜ë¯€ë¡� Brink'sì� ìžë³¸ 구조 ë°� 공개 유통 주ì‹ì—� 미치ëŠ� ì˜í–¥ì€ 미미합니ë‹�.

Le 1er juillet 2025, le directeur de Brink's Company (BCO), Paul G. Boynton, a acquis 196 unités d'actions différées dans le cadre du Plan de Report des Honoraires des Administrateurs de la société. Chaque unité équivaut économiquement à une action ordinaire et a été créditée à 89,29 $, le cours de clôture du dernier jour de bourse du trimestre. Les unités seront converties en actions ordinaires à raison d'une pour une à une date future choisie par le directeur ou à la fin de son mandat au conseil. Après ce crédit, Boynton détient désormais bénéficiairement 10 099,95 unités différées. Aucune action n'a été vendue et la déclaration reflète une rémunération trimestrielle de routine plutôt qu'une transaction discrétionnaire sur le marché ; par conséquent, l'impact sur la structure du capital et le flottant public de Brink's est négligeable.

Am 1. Juli 2025 erwarb der Direktor der Brink's Company (BCO), Paul G. Boynton, 196 aufgeschobene Aktieneinheiten über den Director Fee Deferral Plan des Unternehmens. Jede Einheit entspricht wirtschaftlich einer Stammaktie und wurde mit 89,29 $ bewertet, dem Schlusskurs am letzten Handelstag des Quartals. Die Einheiten werden zu einem späteren Zeitpunkt, den der Direktor wählt, oder bei Beendigung der Vorstandsmitgliedschaft eins zu eins in Stammaktien umgewandelt. Nach der Gutschrift besitzt Boynton nun wirtschaftlich 10.099,95 aufgeschobene Einheiten. Es wurden keine Aktien verkauft, und die Meldung spiegelt eine routinemäßige vierteljährliche Vergütung wider, keine diskretionäre Markttransaktion; daher ist die Auswirkung auf die Kapitalstruktur und den Streubesitz von Brink's unerheblich.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
TROPOLI PETER

(Last) (First) (Middle)
2600 SOUTH GESSNER
SUITE 500

(Street)
HOUSTON TX 77063

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Whitestone REIT [ WSR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
General Counsel & Secretary
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 06/30/2025 A 16,768(1) A $0 153,518 D
Common Shares 06/30/2025 F 6,042(2) D $12.48(3) 147,476 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents restricted common share units granted pursuant to the Company's 2018 Long-Term Equity Incentive Ownership Plan.
2. Represents common shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of certain restricted units previously granted pursuant to the Company's 2018 Long-Term Equity Incentive Ownership Plan.
3. Per Share value assigned by the Company to the tax withholding shares based on the closing sales price of the common shares on June 30, 2025.
/s/ John Scott Hogan Attorney-in Fact for Peter Tropoli 07/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Brink's (BCO) director Paul G. Boynton report on Form 4?

He acquired 196 deferred stock units under the Director Fee Deferral Plan.

At what price were the deferred units valued?

The units were credited at $89.29, Brink's closing share price on June 30, 2025.

How many Brink's shares does Boynton now beneficially own through the plan?

He holds 10,099.95 deferred stock units equivalent to common shares.

Were any Brink's shares sold in this Form 4 filing?

No. The filing reports an acquisition only; there were no dispositions.

When will the deferred stock units convert to Brink's common stock?

Units settle one-for-one upon Boynton’s board service termination or on a future date he selected.
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REIT - Retail
AGÕæÈ˹ٷ½ Estate Investment Trusts
United States
HOUSTON