Five Point (NYSE: FPH) executive settles 36,423 RSUs; shares withheld for taxes
Rhea-AI Filing Summary
Five Point Holdings, LLC executive Kim Tobler reported routine equity compensation activity involving restricted share units and Class A common shares. On March 8, 2026, Tobler exercised 36,423 restricted share units into 36,423 Class A common shares as part of a scheduled vesting. A portion of these shares, 18,533 Class A common shares at $5.44 per share, was withheld by the company to cover tax obligations, and no shares were sold by Tobler. Following these transactions, Tobler directly holds 53,526 Class A common shares and also has 28,971 Class A common shares held indirectly by The Tobler Family Trust dated February 6, 2009. The restricted share unit award was originally granted on March 8, 2024, with 36,423 units vesting on each of March 8, 2025 and March 8, 2026, and the remaining unvested units scheduled to vest on March 8, 2027, assuming continued employment through that date.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax withholding, no open-market trading.
The filing shows Kim Tobler settling 36,423 restricted share units into Class A common shares on a scheduled vesting date. This is standard equity compensation, not an open-market purchase or sale, and aligns with the original award terms granted on March 8, 2024.
Of the vested shares, 18,533 were withheld at $5.44 per share to satisfy tax obligations, which is a common mechanism for executives. Footnote language clarifies that no shares were sold by Tobler, so there is no discretionary trading signal in this activity.
After these transactions, Tobler directly holds 53,526 Class A common shares and has an additional 28,971 shares held by The Tobler Family Trust dated February 6, 2009. Remaining restricted share units are scheduled to vest on March 8, 2027, contingent on continued employment, indicating an ongoing equity-based incentive structure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted share units | 36,423 | $0.00 | -- |
| Exercise | Class A common shares | 36,423 | $0.00 | -- |
| Tax Withholding | Class A common shares | 18,533 | $5.44 | $101K |
| holding | Class A common shares | -- | -- | -- |
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. The Class A common shares of the Company are owned by The Tobler Family Trust dated February 6, 2009. Each restricted share unit is a contingent right to receive one Class A common share. This award was granted on March 8, 2024. 36,423 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.