Douglas Emmett (NYSE: DEI) awards 20,138 LTIP units as director compensation
Rhea-AI Filing Summary
Douglas Emmett Inc. disclosed that director Virginia McFerran received an award of 20,138 long term incentive plan units ("LTIP Units") in Douglas Emmett Properties, LP on 12/15/2025 under the companys 2016 Omnibus Stock Incentive Plan as part of her annual director compensation. These LTIP Units vest in four equal installments on January 1, 2026, April 1, 2026, July 1, 2026, and October 1, 2026.
Once vested and if specified Gross Asset Value performance criteria are met, each LTIP Unit can be converted into one partnership common unit ("OP Unit") on a one-for-one basis; LTIP Units not converted by the 12/31/2035 expiration date will be forfeited. OP Units are redeemable for an equivalent number of Douglas Emmett common shares or the cash value of those shares, at the companys election. After this grant, the reporting persons derivative holdings include this award, an additional 21,349 LTIP Units and 65,753 OP Units.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Long Term Incentive Plan Units | 20,138 | $0.00 | -- |
Footnotes (1)
- Long term incentive plan units ("LTIP Units") in Douglas Emmett Properties, LP, a DE limited partnership (the "Operating Partnership") granted pursuant to the 2016 Omnibus Stock Incentive Plan of Douglas Emmett, Inc. ("Issuer"). Issuer is the sole stockholder of the general partner of the Operating Partnership. Upon vesting and certain additional criteria based on achievement of a specified percentage increase in Gross Asset Values of the assets of the Operating Partnership, each LTIP Unit can be converted into one partnership common unit ("OP Unit") of the Operating Partnership on a one-for-one basis. LTIP Units not converted into OP Units by the expiration date will be forfeited. Upon the occurrence of certain events, OP Units are redeemable by the holder, without consideration, for an equivalent number of shares of Issuer's common stock or for the cash value of such shares, at Issuer's election. LTIP Units granted as part of Reporting Person's annual compensation for service as a director of Issuer. LTIP Units vest in one-quarter equal installments on January 1, 2026, April 1, 2026, July 1, 2026, and October 1, 2026. Derivative securities owned by the Reporting Person include the LTIP Units reported herein, an additional 21,349 LTIP Units previously granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan, and 65,753 OP Units.