FrontView REIT director granted 673 LTIP Units
FrontView REIT director Fitzgerald Charles received a grant of 673 LTIP Units in FrontView Operating Partnership LP.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 673 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
Key Terms
LTIP Units financial
OP Unit financial
2024 Omnibus Equity and Incentive Plan financial
Amended and Restated Agreement of Limited Partnership financial
vesting conditions financial
FAQ
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What did Fitzgerald Charles report in this Form 4 for FVR?
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When do the granted LTIP Units for FVR vest?
Can the LTIP Units reported for FVR be converted into common equity?
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