Power REIT : Statement of Changes in Beneficial Ownership - Form 4
August 16, 2022 at 10:14 pm
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FORM 4
Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(**)
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)
On July 15, 2022, Mr. Haynes was granted 600 shares of restricted common stock as compensation pursuant to the Power REIT 2020 Equity Incentive Plan which vests in equal 25% installments on each of 9/30/22, 12/31/22, 3/31/23 and 6/30/23.
(2)
Patrick R. Haynes III is the Managing Member of JRC Management LLC. Mr. Haynes disclaims beneficial ownership of all such shares except to the extent of any pecuniary interest therein.
(3)
On July 15, 2022 Mr. Haynes was granted an option to purchase 10,000 shares of common stock as compensation pursuant to Power REIT 2020 Equity Incentive Plan which vests monthly pro rata over 36 months starting in August, 2022.
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Power REIT published this content on 16 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2022 21:13:06 UTC.
Power REIT (the Trust) is an internally-managed real estate investment trust. The Trust is engaged in the ownership, leasing, acquisition, development, and disposition of special purpose real estate assets. The Trust owns a portfolio of real estate assets related to transportation, energy infrastructure and Controlled Environment Agriculture (CEA) in the United States. It owns its assets through direct and indirect wholly owned and special purpose subsidiaries. The Trustâs assets consist of approximately 112 miles of railroad infrastructure and related real estate which is owned by its subsidiary, Pittsburgh & West Virginia Railroad (P&WV), approximately 501 acres of fee simple land leased to a number of utility scale solar power generating projects with an aggregate generating capacity of approximately 88 Megawatts (MW) and approximately 256 acres of land with approximately 2,163,000 square feet of existing or under construction CEA properties in the form of greenhouses.