Peakstone CFO Sheds Shares to Cover Tax on Vested Restricted Units

The transaction involved a small portion of previously awarded stock units tied to a 2021 equity grant.

March 31, 2025

Equity Grant Vests, Triggering Withholding

On March 25, Peakstone Realty Trust’s CFO, Javier Bitar, moved a portion of his equity compensation to cover tax obligations tied to a 2021 award. The company withheld 751 shares, valued at $12.56 each, to settle the tax burden on restricted stock units that had just vested.

This was a scheduled transaction tied to a time-based equity grant made four years ago. The grant delivered 1,393 shares in total, and as is standard for equity awards like this, a portion of the shares was retained by the company to meet withholding requirements. No shares were sold on the open market, and there was no shift in strategy or intent behind the transaction.

Ongoing Ownership and Reporting

Bitar still holds 153,289 common shares in a direct capacity. No options or other derivative securities were listed in the report, and no additional transactions were disclosed.

This kind of activity is part of the normal cadence of executive compensation reporting. It reflects routine share delivery and tax treatment under SEC guidelines—not a discretionary buy or sell decision. The update also confirms Peakstone’s ongoing compliance with insider reporting obligations, keeping stakeholders in the loop on changes in beneficial ownership.

Peakstone, which trades under the ticker PKST , remains headquartered in El Segundo, California.