FrontView REIT awards 705 LTIP units to director

A FrontView REIT director received 705 LTIP Units that vest after one year and may later convert into partnership units redeemable for cash or common shares.

Rhea-AI Filing Summary

FrontView REIT, Inc. (FVR) reported that director Daniel E. Swanstrom II received a grant of 705 LTIP Units of limited partnership interest 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 thereafter redeemable for cash equal to the fair market value of one common share or, at the company’s election, one common share.

Insider Trade Summary

Grant/Award: 705 shares

Grant/Award 1 txn

Insider Swanstrom Daniel E II

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 grant: 705 units Underlying OP Units: 705 units

3 metrics

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

LTIP Units held after grant 705 units Total direct LTIP Unit holdings following the reported transaction

Underlying OP Units 705 units Each LTIP Unit is convertible into one OP Unit if vesting conditions are met

Key Terms

LTIP Units, OP Unit, Operating Partnership, 2024 Omnibus Equity and Incentive Plan

4 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.

Operating Partnership financial

"FrontView Operating Partnership LP (the "Operating Partnership") granted pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan"

An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.

2024 Omnibus Equity and Incentive Plan financial

"granted pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan and the Amended and Restated Agreement"

FAQ

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

What insider transaction did FrontView REIT (FVR) report for Daniel E. Swanstrom II?

FrontView REIT reported that director Daniel E. Swanstrom II received a grant of 705 LTIP Units of limited partnership interest in FrontView Operating Partnership LP on September 15, 2026 as a compensation award.

How many LTIP Units were granted in the latest Form 4 for FVR?

The Form 4 reports a grant of 705 LTIP Units to the director. Following this transaction, the reported direct holding of LTIP Units is also 705 units.

When do the LTIP Units granted by FrontView REIT to the director vest?

The LTIP Units vest in full on the first anniversary of the date of issuance, subject to the director’s continued service with FrontView REIT through that date.

What can the LTIP Units granted by FVR be converted into?

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

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

No. The filing states that the LTIP Units have no expiration date, although their conversion into OP Units requires satisfaction of the vesting conditions described.

Was the FrontView REIT Form 4 transaction made under a Rule 10b5-1 trading plan?

No. The document-level Rule 10b5-1 checkbox is not affirmed, and there is no footnote indicating the grant was made pursuant to a Rule 10b5-1 trading plan.

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

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Available on EDGAR 09/16/2026 - 04:31 PM Accepted by SEC EDGAR 09/16/2026 - 04:30 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^*

Swanstrom Daniel E II

(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 Daniel E. Swanstrom II	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)