FrontView REIT (FVR) awards director 1,019 LTIP equity units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FRANK ELIZABETH F reported acquisition or exercise transactions in this Form 4 filing.
FrontView REIT, Inc. director Elizabeth F. Frank reported receiving a grant of 1,019 LTIP Units in FrontView Operating Partnership LP as equity compensation. The award was made at a price of $0.00 per unit under the company’s 2024 Omnibus Equity and Incentive Plan.
Each LTIP Unit corresponds to one OP Unit, which can be issued if vesting conditions are met. These OP Units are then redeemable for either cash equal to the fair market value of one common share or, at the issuer’s election, one share of common stock. The LTIP Units generally 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, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FRANK ELIZABETH F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 1,019 | $0.00 | -- |
Holdings After Transaction:
LTIP Units — 1,019 shares (Direct)
Footnotes (1)
- Represents units of limited partnership interest designated as "LTIP Units" in FrontView Operating Partnership LP (the "Operating Partnership") granted pursuant to 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 of the Issuer's common stock (a "Share"), or at the Issuer's election, one Share, subject to adjustment as set forth in the Partnership Agreement. These LTIP Units generally 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: 1,019 LTIP Units
Grant price per LTIP Unit: $0.00 per unit
Underlying OP Units: 1,019 OP Units
+1 more
4 metrics
LTIP Units granted
1,019 LTIP Units
Equity grant to director on March 31, 2026
Grant price per LTIP Unit
$0.00 per unit
Award under 2024 Omnibus Equity and Incentive Plan
Underlying OP Units
1,019 OP Units
Each LTIP Unit corresponds to one OP Unit upon conversion
Vesting schedule
Earlier of 1-year anniversary or pre-first annual meeting
Subject to continued service with issuer
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 ... (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 Issuer's 2024 Omnibus Equity and Incentive Plan"
Amended and Restated Agreement of Limited Partnership financial
"and the Amended and Restated Agreement of Limited Partnership of the Operating Partnership"
redeemable financial
"Each OP Unit is thereafter redeemable at the election of the holder for cash equal to the then fair market value"
FAQ
What insider transaction did FrontView REIT (FVR) report on this Form 4?
FrontView REIT reported that director Elizabeth F. Frank received a grant of 1,019 LTIP Units. These units are a form of equity-based compensation issued through the operating partnership and linked to the value of FrontView REIT common stock.
What are LTIP Units in FrontView REIT’s (FVR) operating partnership?
LTIP Units are units of limited partnership interest in FrontView Operating Partnership LP. They are granted under the 2024 Omnibus Equity and Incentive Plan and can later convert into OP Units, which are tied economically to FrontView REIT common stock value.
How can the LTIP Units granted to the FrontView REIT (FVR) director be converted?
Each LTIP Unit may be converted into one OP Unit if vesting conditions are met. Each OP Unit is redeemable for cash equal to the fair market value of one common share or, at the issuer’s election, one share of FrontView REIT common stock.
When do the LTIP Units granted by FrontView REIT (FVR) vest?
The LTIP Units generally vest in full on the earlier of the first anniversary of the issuance date or the day before the first annual stockholders’ meeting held at least 50 weeks after issuance, subject to the director’s continued service with the company.