secwatch.observer — SEC 8-K summary
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Issuer:     Sila Realty Trust, Inc. (SILA)
CIK:        0001567925
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001567925-23-000064
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Sila Realty Trust terminates Chief Administrative Officer Jason C. Reed, effective Dec 31, 2023
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- Jason C. Reed notified his employment will end December 31, 2023; he must execute release to receive severance.
- Severance includes cash payment equal to 1.5x (base salary + target annual bonus) plus 2023 annual bonus.
- Time-based equity awards vest fully; performance-based awards for 2022 and 2023 vest pro-rated immediately.
- Reed subject to 18-month non-solicitation and non-competition covenants post-employment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1567925/000156792523000064/0001567925-23-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1567925/000156792523000064/cik0001567925-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001567925-23-000064

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