FrontView REIT director granted 850 LTIP units
FrontView REIT, Inc. director Fitzgerald Charles received a grant of 850 LTIP Units in FrontView Operating Partnership LP as equity compensation.
Rhea-AI Filing Summary
FrontView REIT, Inc. director Fitzgerald Charles received a grant of 850 LTIP Units in FrontView Operating Partnership LP as equity compensation. The award was granted at no cash cost under the 2024 Omnibus Equity and Incentive Plan.
These LTIP Units generally vest in full on the earlier of the first anniversary of issuance or the day before the first annual stockholders' meeting held at least 50 weeks after issuance, subject to continued service. Each vested LTIP Unit may be converted into one OP Unit and then redeemed for cash equal to the fair market value of one common share, or, at the issuer’s election, one share. Following this grant, Charles holds 850 LTIP Units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 850 | $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 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 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
- F3. 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
Key Terms
LTIP Units financial
OP Unit financial
2024 Omnibus Equity and Incentive Plan financial
Amended and Restated Agreement of Limited Partnership financial
redeemable financial
FAQ
What did FrontView REIT (FVR) report in this Form 4 filing?
How many LTIP Units were granted to the FrontView REIT (FVR) director?
When do the granted LTIP Units at FrontView REIT (FVR) vest?
What are LTIP Units and OP Units in the FrontView REIT (FVR) structure?
How can the FrontView REIT (FVR) director realize value from these LTIP Units?
Does this Form 4 show any open-market buying or selling by FrontView REIT (FVR) insiders?
AI-generated analysis. How Rhea-AI works. Not financial advice.