Five Point (NYSE: FPH) officer settles RSUs, holds 642,891 shares
Rhea-AI Filing Summary
Five Point Holdings, LLC executive Daniel Hedigan reported a series of compensation-related equity transactions involving restricted share units and Class A common shares in March 2026. The Form 4 shows the exercise and settlement of performance- and time-based restricted share units into common shares, along with related tax withholding and forfeitures.
Across these entries, Hedigan exercised or settled an aggregate of 491,577 restricted share units and the company withheld 350,510 Class A common shares to cover tax obligations, as noted in the footnotes stating that no shares were sold by the reporting person. Some restricted share units were forfeited following certification of share price targets.
Following these transactions, Hedigan directly holds 642,891 Class A common shares. The filing reflects routine equity award vesting tied to milestone-based performance objectives and share price targets, rather than open‑market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted share units | 98,656 | $0.00 | -- |
| Exercise | Restricted share units | 320,074 | $0.00 | -- |
| Disposition | Restricted share units | 74,544 | $0.00 | -- |
| Exercise | Class A common shares | 98,656 | $0.00 | -- |
| Tax Withholding | Class A common shares | 50,197 | $5.23 | $263K |
| Exercise | Class A common shares | 197,308 | $0.00 | -- |
| Tax Withholding | Class A common shares | 100,392 | $5.23 | $525K |
| Exercise | Class A common shares | 320,074 | $0.00 | -- |
| Tax Withholding | Class A common shares | 162,855 | $5.23 | $852K |
| Exercise | Restricted share units | 72,847 | $0.00 | -- |
| Exercise | Class A common shares | 72,847 | $0.00 | -- |
| Tax Withholding | Class A common shares | 37,066 | $5.44 | $202K |
Footnotes (1)
- 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. 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. Represents restricted stock units that vested on March 9, 2026 following certification of achievement of two milestone-based performance objectives. Represents restricted share units that vested based upon the satisfaction of certain share price targets during the three-year performance period ending March 9, 2026. Each restricted share unit is a contingent right to receive one Class A common share. This award was granted on March 8, 2024. 72,847 restricted share units subject to the award vested on each of March 8, 2025 and March 8, 2026, and the remaining unvested restricted share units are scheduled to vest on March 8, 2027, assuming continued employment through the applicable vesting date. This award was granted on March 9, 2023, and the award is now fully vested. Represents restricted share units that were forfeited on March 9, 2026 following certification of achievement of certain share price targets.