FrontView REIT grants 251 LTIP units to director
McHugh Timothy reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
McHugh Timothy reported acquisition or exercise transactions in this Form 4 filing.
FrontView REIT, Inc. director Timothy McHugh received a compensation grant of 251 LTIP Units in FrontView Operating Partnership LP. These LTIP Units have no expiration date and are convertible into 251 OP Units if vesting conditions are met.
The LTIP Units vest in full on the earlier of the first anniversary of the grant date or the day before the company’s first annual stockholders’ meeting held at least 50 weeks after the grant, subject to his continued service with the company.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 251 | $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 the Equity 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, or at the Issuer's election, one Share, subject to adjustment as set forth in the Partnership Agreement.
- F3. These LTIP Units 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
Equity Plan financial
Partnership Agreement financial
Operating Partnership financial
FAQ
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What insider transaction did FrontView REIT (FVR) report for Timothy McHugh?
What are LTIP Units granted to FrontView REIT director Timothy McHugh?
When do Timothy McHugh’s 251 LTIP Units at FrontView REIT vest?
How can FrontView REIT LTIP Units held by Timothy McHugh be settled?
How many LTIP Units does Timothy McHugh hold after this FrontView REIT grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.