FrontView REIT (FVR) director receives 673 LTIP Units under 2024 equity plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FrontView REIT director Fitzgerald Charles received a grant of 673 LTIP Units in FrontView Operating Partnership LP. The award was issued at a price of $0.00 per unit under the company’s 2024 Omnibus Equity and Incentive Plan and related partnership agreement.
The LTIP Units vest in full on the earlier of the first anniversary of the grant date or the day before the first annual stockholders’ meeting held at least 50 weeks after grant, subject to continued service. Once vested, each LTIP Unit may be converted into one OP Unit, which is redeemable for cash equal to the fair market value of one share or, at the issuer’s election, one share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fitzgerald Charles
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 673 | $0.00 | -- |
Holdings After Transaction:
LTIP Units — 673 shares (Direct, null)
Footnotes (1)
- 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.
Key Figures
LTIP Units granted: 673 LTIP Units
Grant price per LTIP Unit: $0.00 per unit
LTIP Units held after grant: 673 LTIP Units
+3 more
6 metrics
LTIP Units granted
673 LTIP Units
Grant to director on 2026-06-15
Grant price per LTIP Unit
$0.00 per unit
Award issued at no cash cost to director
LTIP Units held after grant
673 LTIP Units
Total derivative holdings following transaction
Underlying OP Units
673 OP Units
Each LTIP Unit linked to one OP Unit
Vesting schedule
Earlier of 1 year or pre-first annual meeting
Subject to continued service with issuer
Expiration
No expiration date
LTIP Units have no stated expiry
Key Terms
LTIP Units, OP Unit, 2024 Omnibus Equity and Incentive Plan, Amended and Restated Agreement of Limited Partnership, +1 more
5 terms
LTIP Units financial
"Represents units of limited partnership interest designated as "LTIP Units" in FrontView Operating Partnership LP"
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
OP Unit financial
"Each LTIP Unit may be converted ... into a common unit of limited partnership interest in the Operating Partnership (an "OP Unit")"
An op unit is shorthand for an operating unit — a distinct part of a company that runs day-to-day activities, such as manufacturing, sales, or a product line, with its own management and performance metrics. Investors care because each unit’s results show which parts of the business are profitable or struggling, much like checking individual rooms in a house to see where energy or costs are leaking, helping assess growth potential and risk.
2024 Omnibus Equity and Incentive Plan financial
"granted pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan"
Amended and Restated Agreement of Limited Partnership financial
"the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, dated as of October 3, 2024"
vesting conditions financial
"only if the vesting conditions described below are met"
Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.
FAQ
What did Fitzgerald Charles report in this Form 4 for FVR?
Fitzgerald Charles reported receiving 673 LTIP Units of FrontView Operating Partnership LP as a compensation award. These derivative units were granted at $0.00 per unit under FrontView REIT’s 2024 Omnibus Equity and Incentive Plan.
How many LTIP Units did the FrontView REIT director receive?
The director received a grant of 673 LTIP Units. Following this award, the Form 4 shows total derivative holdings of 673 LTIP Units, each linked to 673 underlying OP Units of the operating partnership.
What are LTIP Units in FrontView REIT’s operating partnership?
LTIP Units are a class of limited partnership interests in FrontView Operating Partnership LP. They are issued under the company’s equity incentive plan and can convert into OP Units, which may later be redeemed for cash or common shares, subject to plan terms.
When do the granted LTIP Units for FVR vest?
The 673 LTIP Units vest in full on the earlier of the first anniversary of the grant date or the day before the first annual stockholders’ meeting held at least 50 weeks after issuance, provided the director continues service through that date.
Can the LTIP Units reported for FVR be converted into common equity?
Each LTIP Unit may be converted into an OP Unit once vesting conditions are met. Each OP Unit is redeemable for cash equal to the fair market value of one share or, at FrontView REIT’s election, one share of common stock.
Do the LTIP Units reported for FVR have an expiration date?
The filing states that these LTIP Units have no expiration date. They remain outstanding subject to their vesting conditions, potential conversion into OP Units, and redemption features outlined in the operating partnership’s amended and restated agreement.