FrontView REIT grants 705 incentive units to director

A FrontView REIT director received 705 LTIP Units that can later convert into OP Units redeemable for cash or common shares.

Rhea-AI Filing Summary

FrontView REIT, Inc. (FVR) reported that director Fitzgerald Charles received a grant of 705 LTIP Units in FrontView Operating Partnership LP on September 15, 2026 under the 2024 Omnibus Equity and Incentive Plan. These LTIP Units vest in full on the first anniversary of issuance, subject to continued service, and may convert into an equal number of OP Units, which are then redeemable for cash or, at the issuer’s election, common shares. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Grant/Award: 705 shares

Grant/Award 1 txn

Insider Fitzgerald Charles

Role Director

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units F1, F2, F3	705	--	--

Holdings After Transaction: LTIP Units — 705 contracts (Direct)

Footnotes (3)

1. 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.
2. 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.
3. F3. These LTIP Units vest in full on the first anniversary of the date of issuance subject to continued service with the Issuer through the applicable date.

Key Figures

LTIP Units granted: 705 units LTIP Units held after transaction: 705 units Underlying OP Units on conversion: 705 units +1 more

4 metrics

LTIP Units granted 705 units Grant of LTIP Units to director on September 15, 2026

LTIP Units held after transaction 705 units Direct ownership following the reported grant

Underlying OP Units on conversion 705 units Each LTIP Unit is convertible into one OP Unit if vested

Derivative transactions reported 1 transaction Single derivative-type grant on this Form 4

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""

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

"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"

fair market value financial

"redeemable at the election of the holder for cash equal to the then fair market value"

The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity award did FrontView REIT (FVR) grant to director Fitzgerald Charles?

FrontView REIT granted Fitzgerald Charles 705 LTIP Units in FrontView Operating Partnership LP on September 15, 2026 under the 2024 Omnibus Equity and Incentive Plan, with all 705 LTIP Units reported as directly held after the transaction.

How do the LTIP Units granted by FVR to the director work?

Each LTIP Unit may be converted into one OP Unit if vesting conditions are met. Each OP Unit is then redeemable, at the holder’s election, for cash equal to the fair market value of one common share or, at FrontView REIT’s election, one common share.

When do the FVR director’s 705 LTIP Units vest?

The 705 LTIP Units vest in full on the first anniversary of the issuance date, subject to Fitzgerald Charles’s continued service with FrontView REIT through that date, according to the filing’s vesting footnote.

Do the LTIP Units granted by FrontView REIT have an expiration date?

No. The filing states that the LTIP Units have no expiration date, as provided in the Amended and Restated Agreement of Limited Partnership of FrontView Operating Partnership LP.

Was the FVR director’s LTIP Unit award made under a Rule 10b5-1 plan?

No. The Form 4 indicates no Rule 10b5-1 trading plan for this transaction; the document-level 10b5-1 checkbox is unchecked and no footnote describes a trading plan.

What underlying interest do the 705 LTIP Units in FVR represent?

The 705 LTIP Units correspond to 705 underlying OP Units in FrontView Operating Partnership LP upon conversion, assuming vesting conditions are met as described in the partnership agreement and equity plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 04:29 PM Accepted by SEC EDGAR 09/16/2026 - 04:29 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fitzgerald Charles

(Last) (First) (Middle)

C/O FRONTVIEW REIT, INC.

3131 MCKINNEY AVE., SUITE L10

(Street)

DALLAS TEXAS 75204

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FrontView REIT, Inc. [ FVR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Units(1)	(2)	09/15/2026		A		705		(3)	(1)	OP Units	705	(2)	705	D

Explanation of Responses:

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.

2. 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.

3. These LTIP Units vest in full on the first anniversary of the date of issuance subject to continued service with the Issuer through the applicable date.

	/s/ Stephen Preston as Attorney-in-Fact for Charles Fitzgerald	09/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)