FrontView REIT (FVR) grants COO 20,394 LTIP units in partnership
Rhea-AI Filing Summary
FrontView REIT, Inc. reported an equity award to its Chief Operating Officer, Drew Ireland. The filing shows a grant of 20,394 LTIP Units in FrontView Operating Partnership LP under the company’s 2024 Omnibus Equity and Incentive Plan, at a price of $0 per unit.
Each LTIP Unit has no expiration date and can be converted, if vesting and other conditions are met, into an OP Unit, which can then be redeemed for either cash equal to the fair market value of one common share or one share of FrontView REIT common stock, at the issuer’s election. These LTIP Units vest in four equal annual installments, each covering one quarter of the grant, on January 15 of 2027, 2028, 2029, and 2030, generally contingent on continued service with the company.
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FAQ
What did FrontView REIT (FVR) report in this Form 4 filing?
The filing reports that Chief Operating Officer Drew Ireland received an equity award of 20,394 LTIP Units in FrontView Operating Partnership LP at a price of
Who is the insider involved in this FrontView REIT (FVR) Form 4?
The reporting person is Drew Ireland, who serves as Chief Operating Officer of FrontView REIT, Inc.
What are LTIP Units in the FrontView Operating Partnership?
LTIP Units are units of limited partnership interest in FrontView Operating Partnership LP granted under the 2024 Omnibus Equity and Incentive Plan. They have no expiration date and may be converted into OP Units if vesting and other conditions in the Partnership Agreement are satisfied.
How many LTIP Units were granted to Drew Ireland and at what price?
Drew Ireland was granted 20,394 LTIP Units, with a stated price of
What is the vesting schedule for Drew Ireland’s LTIP Units at FrontView REIT (FVR)?
The 20,394 LTIP Units vest in four equal annual installments, each covering one quarter of the units, on
How can these LTIP Units ultimately relate to FrontView REIT common stock?
Each LTIP Unit may be converted, once vested and subject to the Partnership Agreement conditions, into an OP Unit. Each OP Unit is redeemable at the holder’s election for cash equal to the fair market value of one share of FrontView REIT common stock, or, at the issuer’s election, for one share of common stock, subject to adjustment provisions.