Director at FrontView REIT (FVR) awarded 5,320 LTIP Units in equity grant
Rhea-AI Filing Summary
FrontView REIT, Inc. director Fitzgerald Charles reported an equity compensation grant of 5,320 LTIP Units tied to the company’s operating partnership. The units were granted at a price of $0.00 per unit and are issued under the 2024 Omnibus Equity and Incentive Plan.
Each LTIP Unit corresponds to one underlying OP Unit and may be converted into an OP Unit once vesting conditions are satisfied. The OP Units are then redeemable for cash equal to the fair market value of one common share, or, at the issuer’s election, one common share. The LTIP Units vest in full on the earlier of the first anniversary of issuance or the day before the first annual stockholders’ meeting held at least 50 weeks after issuance, subject to continued service. This amendment states that only the reporting person’s address and the year in the transaction date are being corrected; the grant details remain unchanged.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 5,320 | $0.00 | -- |
Footnotes (1)
- On May 28, 2026, the reporting person filed a Form 4 reporting the grant of 5,320 LTIP Units. This amendment is being filed solely to correct (i) the reporting person's address in Box 1 and (ii) the year in the transaction date reported in Column 3 of Table II. All other information, including the LTIP Unit grant information, has not changed from the original Form 4. Represents units of limited partnership interest designated as "LTIP Units" in FrontView Operating Partnership LP (the "Operating Partnership") granted pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan and the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, dated as of October 3, 2024 (the "Partnership Agreement"). LTIP Units have no expiration date. Each LTIP Unit may be converted at the election of the Issuer or the holder, into a common unit of limited partnership interest in the Operating Partnership (an "OP Unit") only if the vesting conditions described below are met. Each OP Unit is thereafter redeemable at the election of the holder for cash equal to the then fair market value of one Share, or at the Issuer's election, one Share, subject to adjustment as set forth in the Partnership Agreement. These LTIP Units vest in full on the earlier of (i) the first anniversary of the date of issuance and (ii) the day before the Issuer's first annual stockholders' meeting that is held at least 50 weeks following the date of issuance, in either case, subject to continued service with the Issuer through the applicable date.