Five Point (NYSE: FPH) grants RSUs and settles prior awards
Rhea-AI Filing Summary
Five Point Holdings, LLC executive Daniel Hedigan reported several stock-based compensation events. He received grants of 186,000, 248,000 and 200,000 restricted share units (RSUs), each representing a right to one Class A common share, with vesting tied to continued service and share price targets through dates in 2027–2029.
He also settled 64,667 previously granted RSUs into the same number of Class A common shares on their scheduled vesting date. Of these, 32,903 shares were withheld by the company at $5.00 per share to cover tax obligations, rather than sold in the market. After these transactions, he holds 674,655 Class A common shares directly and a larger remaining RSU position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 31,764 shares
Net Buy
6 txns
Insider
Hedigan Daniel
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted share units | 186,000 | $0.00 | $0.00 |
| Grant/Award | Restricted share units | 248,000 | $0.00 | $0.00 |
| Grant/Award | Restricted share units | 200,000 | $0.00 | $0.00 |
| Exercise | Restricted share units | 64,667 | $0.00 | $0.00 |
| Exercise | Class A common shares | 64,667 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A common shares | 32,903 | $5.00 | $165K |
Holdings After Transaction:
Restricted share units — 2,580,242 shares (Direct);
Class A common shares — 674,655 shares (Direct)
Footnotes (7)
- F1. Each restricted share unit is a contingent right to receive one Class A common share. This transaction represents the settlement of restricted share units in Class A common shares on their scheduled vesting date.
- F2. Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the settlement of restricted share units previously granted to the reporting person. No shares were sold by the reporting person.
- F3. Each restricted share unit is a contingent right to receive one Class A common share.
- F4. The restricted share units will vest in equal installments over three years on April 8, 2027, April 8, 2028 and April 8, 2029, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.
- F5. The restricted share units will vest based upon the satisfaction of certain share price targets during the performance period ending February 28, 2029.
- F6. The restricted share units will vest based upon the satisfaction of certain share price targets during the performance period ending February 28, 2029 only if the share price exceeds $10 per share during any 20 consecutive days during the performance period.
- F7. This award was granted on April 8, 2025. 64,667 restricted share units subject to the award are scheduled to vest on each of April 8, 2027 and April 8, 2028, assuming continued employment through the applicable vesting date.
Key Figures
RSU grant 1: 186,000 restricted share units
RSU grant 2: 248,000 restricted share units
RSU grant 3: 200,000 restricted share units
+4 more
7 metrics
RSU grant 1
186,000 restricted share units
Award of RSUs, each convertible into one Class A common share
RSU grant 2
248,000 restricted share units
Additional RSU award with share price-based vesting conditions
RSU grant 3
200,000 restricted share units
RSU award subject to performance period ending February 28, 2029
RSUs exercised
64,667 units
Settlement of restricted share units into Class A common shares
Shares withheld for taxes
32,903 shares at $5.00
Shares withheld to satisfy tax withholding obligations on RSU settlement
Shares held after transactions
674,655 Class A common shares
Direct holdings following RSU settlement and tax withholding
Remaining RSUs
2,580,242 restricted share units
Total RSUs shown as held after derivative transactions
Key Terms
restricted share units, tax withholding obligations, Exercise or conversion of derivative security, Class A common shares, +2 more
6 terms
tax withholding obligations financial
"Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the settlement of restricted share units."
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
performance period financial
"The restricted share units will vest based upon the satisfaction of certain share price targets during the performance period ending February 28, 2029."
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Five Point Holdings (FPH) executive Daniel Hedigan receive in this Form 4 filing?
Daniel Hedigan received several restricted share unit (RSU) awards totaling 634,000 units. Each RSU represents a contingent right to one Class A common share, with vesting based on continued service and specific share price performance targets through 2027–2029.
What RSU vesting conditions are disclosed for Five Point (FPH) awards?
Some RSUs vest in equal installments on April 8, 2027, April 8, 2028 and April 8, 2029, contingent on continued service. Other RSUs vest only if certain share price targets, including exceeding $10 per share for 20 consecutive days, are met by February 28, 2029.