Douglas Emmett (DEI) awards CFO 214,225 LTIP units expiring 2035
Rhea-AI Filing Summary
Douglas Emmett Inc. disclosed that its CFO, Peter Seymour, received a grant of 214,225 long term incentive plan units (LTIP Units) on December 15, 2025 under its 2016 Omnibus Stock Incentive Plan. Upon vesting and meeting performance criteria tied to increases in the Operating Partnership's Gross Asset Values, each LTIP Unit can convert into one OP Unit, which may then be redeemed for either one share of common stock or cash, at the company's election, before their December 31, 2035 expiration.
The LTIP Units vest in four equal installments of 25% on December 31 of 2025, 2026, 2027 and 2028 and were issued at a price of $0 per unit as equity compensation. Following this award, Seymour holds the 214,225 LTIP Units reported here, plus an additional 313,796 LTIP Units previously granted and 237,646 OP Units, providing substantial equity-linked incentives tied to Douglas Emmett's long-term performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Long Term Incentive Plan Units | 214,225 | $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 vest in equal installments of 25% on December 31, 2025, 2026, 2027, and 2028. Derivative securities owned by the Reporting Person include the LTIP Units reported herein, an additional 313,796 LTIP Units previously granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan, and 237,646 OP Units.
FAQ
What insider transaction did Douglas Emmett (DEI) report for its CFO?
Douglas Emmett Inc. reported that its CFO, Peter Seymour, received a grant of 214,225 long term incentive plan units (LTIP Units) on December 15, 2025 under the company's 2016 Omnibus Stock Incentive Plan at a price of $0 per unit.
How can the CFOs LTIP Units at Douglas Emmett (DEI) turn into common stock?
Once vested and after meeting performance criteria based on increases in the Operating Partnership's Gross Asset Values, each LTIP Unit can be converted into one OP Unit. Upon certain events, each OP Unit is redeemable for either one share of Douglas Emmett common stock or the cash value of that share, at the company's election.
When do the newly granted LTIP Units to the Douglas Emmett (DEI) CFO vest?
The 214,225 LTIP Units granted to CFO Peter Seymour vest in four equal installments of 25% each on December 31 of 2025, 2026, 2027 and 2028.
What is the expiration date of the CFOs new LTIP Units at Douglas Emmett (DEI)?
The LTIP Units expire on December 31, 2035. Any LTIP Units that have not been converted into OP Units by that expiration date will be forfeited.
What other equity-linked holdings does the Douglas Emmett (DEI) CFO already own?
Besides the newly granted 214,225 LTIP Units, CFO Peter Seymour also holds an additional 313,796 LTIP Units previously granted under the same plan and 237,646 OP Units, giving him significant existing equity-linked exposure to Douglas Emmett and its Operating Partnership.