SAN DIEGO, CA-The CEO and CFO of Pan Pacific Retail Properties Inc. have increased their ownership stakes in the locally based company, which is the largest neighborhood shopping center REIT on the West Coast.

Stuart A. Tanz, who serves as CEO and president, and Joseph B. Tyson, who acts as CFO and executive vice president, have increased their interests in the REIT through a two-step stock transaction.

Tanz now owns 21,667 more shares of common stock, as he has sold 53,333 shares of fully vested common stock, while acquiring 75,000 shares of common stock through exercising his fully vested options. Tyson has increased his ownership stake by 2,000 shares of common stock by selling 8,000 shares of fully vested common stock and simultaneously acquiring 10,000 shares of common stock through exercising his fully vested options. According to a company statement, when income taxes are taken into account, the two officials did not receive any net cash proceeds from the transactions.

Pan Pacific recently declared its third quarter dividend of $0.475 per share, which will be paid on September 13 to shareholders of record as of August 30. The quarterly dividend is equivalent to $1.90 per share on an annualized basis.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.