FrontView REIT COO exercises RSUs, tax shares used

Ireland Drew reported disposition transactions in this Form 4 filing.

Rhea-AI Filing Summary

Ireland Drew reported disposition transactions in this Form 4 filing.

FrontView REIT, Inc. reported that Chief Operating Officer Ireland Drew exercised 10,526 Restricted Stock Units into an equal number of common shares on October 4, 2025 under a prior RSU grant. To cover tax obligations, 2,654 of these shares were delivered at $13.91 per share. After these transactions, Drew directly holds 15,621 common shares.

Insights

Corporate Governance Analyst

TL;DR: Officer converted RSUs into shares and sold a portion on 10/04/2025, reflecting routine equity compensation activity.

The reporting shows a conversion of 10,526 restricted stock units into common stock and a sale of 2,654 shares at $13.91. This pattern—vesting followed by partial sale—is common when insiders realize compensation value while retaining a larger position.

Key dependencies include the vesting schedule and continued service requirement tied to the original 10/04/2024 grant of 52,632 RSUs. Watch subsequent Form 4 filings near future vest dates to see additional conversions or sales within the next five years.

Equity Compensation Specialist

TL;DR: The grant terms disclose 5-year staggered vesting, with 1/5 vesting each year from 10/04/2025 to 10/04/2029.

The RSUs convert one‑for‑one into common shares under the 2024 Omnibus Equity and Incentive Plan; the filing explicitly cites the grant amount of 52,632 RSUs and the annual vesting fractions. The conversion of 10,526 units matches a single annual installment.

Risks and monitoring items are straightforward: continued service is a stated vesting condition, so future forfeiture is possible if service ends before vest dates. Expect follow‑up filings aligned to each annual vesting tranche.

Insider Trade Summary

10,526 shares exercised/converted

Exercise 3 txns

Insider Ireland Drew

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	10,526	$0.00	$0.00
Exercise	Common Stock	10,526	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,654	$13.91	$37K

Holdings After Transaction: Restricted Stock Units — 42,106 contracts (Direct); Common Stock — 15,621 shares (Direct)

Footnotes (2)

1. F1. Restricted stock units ("RSUs") represent a contingent right to receive shares of the Issuer's common stock ("Shares") on a one-for-one basis, pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan.
2. F2. On October 4, 2024, the Reporting Person was granted 52,632 RSUs, vesting in equal annual installments as to 1/5 of the RSUs on each of October 4, 2025, 2026, 2027, 2028 and 2029, subject to continued service with the Issuer through the applicable date.

Key Figures

RSUs exercised: 10,526 units Shares withheld for taxes: 2,654 shares RSU grant size: 52,632 units +2 more

5 metrics

RSUs exercised 10,526 units Restricted Stock Units converted into common stock on October 4, 2025

Shares withheld for taxes 2,654 shares Common shares delivered to cover tax liabilities at $13.91 per share

RSU grant size 52,632 units RSUs granted on October 4, 2024 under 2024 Omnibus Equity and Incentive Plan

RSUs remaining after exercise 42,106 units Restricted Stock Units position following October 4, 2025 conversion

Common shares held after transactions 15,621 shares Direct common stock holdings reported after October 4, 2025 transactions

Key Terms

Restricted Stock Units, Omnibus Equity and Incentive Plan, tax-withholding disposition, contingent right to receive shares

4 terms

Restricted Stock Units financial

"Restricted stock units ("RSUs") represent a contingent right to receive shares"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Omnibus Equity and Incentive Plan financial

"pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

contingent right to receive shares financial

"RSUs represent a contingent right to receive shares of common stock"

FAQ

What insider equity transaction did FVR's COO Ireland Drew report?

Ireland Drew exercised 10,526 Restricted Stock Units, receiving the same number of common shares in FrontView REIT, Inc. To satisfy taxes, 2,654 shares were delivered at $13.91 per share. Following these transactions, Drew holds 15,621 common shares directly as reported in this filing.

How many FrontView REIT (FVR) shares does Ireland Drew own after the reported transactions?

After the October 4, 2025 transactions, Ireland Drew directly owns 15,621 common shares of FrontView REIT, Inc. This reflects RSUs converted into stock and shares delivered for tax withholding under the company's 2024 Omnibus Equity and Incentive Plan.

What RSU grant underlies Ireland Drew’s October 4, 2025 equity transaction in FVR?

On October 4, 2024, Ireland Drew was granted 52,632 Restricted Stock Units under FrontView REIT's 2024 Omnibus Equity and Incentive Plan. These RSUs vest in equal annual installments over five years, beginning October 4, 2025, contingent on continued service with the company.

How were taxes handled for Ireland Drew’s RSU conversion at FrontView REIT (FVR)?

Taxes were satisfied through a tax-withholding disposition of 2,654 common shares at $13.91 per share. Instead of paying cash, these shares were delivered to cover tax liabilities triggered when 10,526 Restricted Stock Units converted into FrontView REIT, Inc. common stock.

What is a Restricted Stock Unit (RSU) in the context of FVR’s equity plan?

A Restricted Stock Unit (RSU) at FrontView REIT, Inc. is a contingent right to receive common shares on a one-for-one basis. RSUs are awarded under the 2024 Omnibus Equity and Incentive Plan and typically vest over time, subject to continued service with the issuer.

Which equity plan governs Ireland Drew’s RSUs at FrontView REIT (FVR)?

Ireland Drew's Restricted Stock Units are issued under FrontView REIT's 2024 Omnibus Equity and Incentive Plan. The plan provides for stock-based awards, including RSUs that vest in scheduled annual installments, supporting long-term alignment between executives and shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/07/2025 - 07:31 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ireland Drew

(Last) (First) (Middle)

C/O FRONTVIEW REIT, INC.

3131 MCKINNEY AVE., SUITE L10

(Street)

DALLAS TX 75204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FrontView REIT, Inc. [ FVR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/04/2025		M		10,526	A	(1)	18,275	D
Common Stock	10/04/2025		F		2,654	D	$13.91	15,621	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	10/04/2025		M			10,526	(2)	(2)	Common Stock	10,526	(1)	42,106	D

Explanation of Responses:

1. Restricted stock units ("RSUs") represent a contingent right to receive shares of the Issuer's common stock ("Shares") on a one-for-one basis, pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan.

2. On October 4, 2024, the Reporting Person was granted 52,632 RSUs, vesting in equal annual installments as to 1/5 of the RSUs on each of October 4, 2025, 2026, 2027, 2028 and 2029, subject to continued service with the Issuer through the applicable date.

	/s/ Stephen Preston as Attorney-in-Fact for Drew Ireland	10/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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