Director Robert Keith Jacobsen of Greystone Housing Impact Investors LP received a grant of 5,376 restricted units on June 23, 2025, under the company's Amended and Restated 2015 Equity Incentive Plan.
Key details of the transaction:
- Transaction Code: A (Acquisition)
- Purchase Price: $0 (grant)
- Total Beneficial Ownership After Transaction: 12,458 units
- Ownership Form: Direct
The restricted units have a two-part vesting schedule:
- 50% vesting on November 30, 2026
- 50% vesting on November 30, 2027
Form 4 Filing Details: Director Walter K. Griffith of Greystone Housing Impact Investors LP (GHI) reported the acquisition of restricted units on June 23, 2025.
Transaction Specifics:
- Acquired 5,376 restricted units at $0 cost under the Amended and Restated 2015 Equity Incentive Plan
- Following the transaction, Griffith directly owns 35,179 Beneficial Unit Certificates
- Vesting Schedule: 50% on November 30, 2026, and remaining 50% on November 30, 2027
This equity grant appears to be part of the director compensation program, structured with a two-year vesting period to align the director's interests with long-term unitholder value. The transaction was reported within the required SEC filing deadline.
Greystone Housing Impact Investors LP (GHI) – Form 4 insider filing
On 06/23/2025, director Deborah A. Wilson received 5,376 Beneficial Unit Certificates (restricted units) at a price of $0 under the Amended & Restated 2015 Equity Incentive Plan. No derivative securities were involved. Following the grant, Wilson’s total beneficial ownership rose to 19,701 units, all held directly. According to the footnote, half of the restricted units vest on 11/30/2026 and the remaining half on 11/30/2027.
The transaction was coded “A” (acquisition), indicating an equity award rather than an open-market purchase. The disclosure does not reference any 10b5-1 trading plan, sales, or dispositions, and no financial performance metrics were provided.
Greystone Housing Impact Investors LP (NYSE: GHI) reports the failure of a key consent solicitation to extend their 2015 Equity Incentive Plan. The proposal, which sought to extend the plan's term to June 24, 2027, did not receive the required majority approval from BUC (Beneficial Unit Certificate) holders.
Key voting results:
- Total eligible BUCs: 23,397,437
- Required for approval: 11,698,719 (majority)
- Total votes cast: 8,131,758 (34.8% participation)
- Voting breakdown: 7,003,553 For, 777,689 Against, 350,516 Abstain
The low voter turnout of 34.8% fell significantly short of the required threshold for approval, effectively preventing the extension of the Incentive Plan. This outcome may impact the partnership's ability to offer equity-based compensation to key personnel beyond the current plan's expiration.
Greystone Housing Impact Investors LP (GHI) entered into a sixth amendment to its credit agreement on June 12, 2025. The amendment provides limited consent for increasing the maximum principal amount of its separate line of credit with Bankers Trust Company from $50,000,000 to $80,000,000, on the same terms and according to documentation provided to and acceptable to the Administrative Agent. It also requires Equity Partnership Investments and Other Senior Real Estate Investments to comprise at least 70.00% of total portfolio value and limits Senior Housing Investments to no more than 30.00%. The Initial Maturity Date was modified to June 12, 2027, and limited guaranties of Portfolio Company Indebtedness are capped at $85,000,000.
At closing, the Partnership paid the Lenders a $200,000 commitment fee and paid the Administrative Agent a $75,000 arrangement fee and a $10,000 administrative fee. The Partnership affiliate Greystone Select Incorporated entered into a replacement guaranty. It is enforceable upon an event of default, certain actions by the Administrative Agent related to pledged collateral, and amounts due remaining uncollected within a certain period after those actions begin. The Partnership has an indirect interest in the guaranty but is not a party to it.