Director at FrontView REIT (FVR) receives grant of 251 LTIP incentive units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McHugh Timothy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 251 | $0.00 | -- |
Holdings After Transaction:
LTIP Units — 251 shares (Direct, null)
Footnotes (1)
- 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. 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. 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
LTIP Units granted: 251 LTIP Units
Units held after transaction: 251 LTIP Units
Underlying OP Units: 251 OP Units
+3 more
6 metrics
LTIP Units granted
251 LTIP Units
Grant to director Timothy McHugh on June 15, 2026
Units held after transaction
251 LTIP Units
Total direct holdings following the grant
Underlying OP Units
251 OP Units
Underlying common units in Operating Partnership
Grant price per LTIP Unit
$0.00 per unit
Reported transaction price in Form 4
Vesting anniversary
First anniversary of grant date
Alternative full vesting trigger
Alternative vesting trigger
Day before first annual meeting ≥50 weeks post-grant
Subject to continued service
Key Terms
LTIP Units, OP Unit, Equity Plan, Partnership Agreement, +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.
Equity Plan financial
"granted pursuant to the Equity Plan and the Amended and Restated Agreement"
An equity plan is a company program that gives employees, executives or directors a stake in the business through stock, stock options or similar ownership awards, like handing out slices of a pie to people who help bake it. It matters to investors because these grants can motivate key personnel and align their interests with shareholders, but they also increase the number of shares over time and can dilute existing ownership and affect reported earnings.
Partnership Agreement financial
"as set forth in the Partnership Agreement"
A partnership agreement is a written contract that lays out how two or more parties will work together, splitting responsibilities, profits, losses and decision-making. Think of it as a detailed roadmap or house rulebook for a joint project; it matters to investors because the terms determine how much revenue and risk a company will take on, how quickly it can act, and whether the partnership could dilute control or boost growth potential.
Operating Partnership financial
"FrontView Operating Partnership LP (the "Operating Partnership")"
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.
FAQ
What insider transaction did FrontView REIT (FVR) report for Timothy McHugh?
FrontView REIT reported that director Timothy McHugh received a grant of 251 LTIP Units in its operating partnership. These units are a form of equity-based compensation and were acquired at a price of $0.00 per unit according to the Form 4.
What are LTIP Units granted to FrontView REIT director Timothy McHugh?
LTIP Units are units of limited partnership interest in FrontView Operating Partnership LP granted under the company’s Equity Plan. They have no expiration date and can convert into OP Units once specific vesting conditions described in the partnership agreement are satisfied.
When do Timothy McHugh’s 251 LTIP Units at FrontView REIT vest?
The 251 LTIP Units vest in full on the earlier of the first anniversary of the grant date or the day before FrontView REIT’s first annual stockholders’ meeting held at least 50 weeks after issuance, assuming McHugh continues his service with the company until that date.
How can FrontView REIT LTIP Units held by Timothy McHugh be settled?
Each vested LTIP Unit may be converted into an OP Unit, which the holder can then redeem for either cash equal to the fair market value of one share or, at the issuer’s election, one common share, as provided in the partnership agreement.
How many LTIP Units does Timothy McHugh hold after this FrontView REIT grant?
Following the reported transaction, Timothy McHugh holds 251 LTIP Units directly, as shown in the Form 4. These units are tied to an equal number of underlying OP Units, subject to meeting the vesting and conversion conditions outlined in the filing’s footnotes.