secwatch.observer — SEC 8-K summary
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Issuer:     Whitestone REIT (WSR)
CIK:        0001175535
Form:       8-K
Filed at:   2022-05-27T23:59:59+00:00
Accession:  0001175535-22-000103
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.07, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whitestone REIT enters enhanced severance agreements with CEO, four other executives
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- CEO Holeman gets 18-month salary + 150% avg bonus outside CIC; 30-month salary + 250% avg inside CIC.
- Other execs receive 12-month salary + 100% avg bonus outside CIC; 18-month + 250% avg inside CIC.
- Retention payments: $375k to CEO, $240k to COO, payable March 2025 if employed through Dec 31, 2024.
- Equity awards fully vest at higher of target or performance upon qualifying termination.
- Agreements expire May 23, 2025, auto-renew; replace prior 2014/2021 agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175535/000117553522000103/0001175535-22-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175535/000117553522000103/wsr-20220523.htm
  HTML page:      https://secwatch.observer/filing/0001175535-22-000103

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer