NHP director granted 7,446 LTIP Units
Penn Buddie J reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Penn Buddie J reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Buddie J. Penn received a grant of 7,446 LTIP Units on May 15, 2026 as equity compensation. These LTIP Units will vest on May 15, 2027, subject to continued service, and are ultimately redeemable for cash or, at the issuer’s election, an equal number of common shares. After this grant, Penn holds 19,946 LTIP Units and 7,697 shares of common stock directly.
Insider Trade Summary
Grant/Award: 7,446 shares
Grant/Award
1 txn
Insider
Penn Buddie J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 7,446 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
LTIP Units — 19,946 contracts (Direct);
Common Stock — 7,697 shares (Direct)
Holdings Before and After:
LTIP Units, 12,500 to 19,946 contracts (Direct)
Footnotes (3)
- F1. Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.
- F2. The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.
- F3. The LTIP Units will vest on May 15, 2027, subject to the recipient's continued service through the applicable vesting date.
Key Figures
LTIP Units granted: 7,446 units
LTIP Units after grant: 19,946 units
Common shares held: 7,697 shares
+1 more
4 metrics
LTIP Units granted
7,446 units
Equity award to director on May 15, 2026
LTIP Units after grant
19,946 units
Total LTIP Units held directly after transaction
Common shares held
7,697 shares
Direct common stock holdings after transaction
Vesting date
May 15, 2027
LTIP Units vesting subject to continued service
Key Terms
LTIP Units, OP Units, redeemable, vesting
4 terms
LTIP Units financial
"The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P."
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 Units financial
"LTIP Units are convertible by National Healthcare Properties, Inc. into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units")."
OP units are ownership stakes in an operating partnership that sits beneath a public parent company, commonly used by real estate and energy firms to hold assets and distributions. Think of them like special shares in a subsidiary: they give economic rights to profits and cash payouts but are structured differently from the parent’s common stock, so investors watch OP unit issuance because it can change the effective ownership, future distributions, and potential dilution of the parent company’s equity.
redeemable financial
"OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares."
vesting financial
"The LTIP Units will vest on May 15, 2027, subject to the recipient's continued service through the applicable vesting date."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did National Healthcare Properties (NHP) director Buddie J. Penn report on this Form 4?
Buddie J. Penn reported receiving a grant of 7,446 LTIP Units as equity compensation on May 15, 2026. The filing also shows his updated direct holdings of 19,946 LTIP Units and 7,697 shares of National Healthcare Properties common stock.
How many LTIP Units did NHP grant to director Buddie J. Penn?
National Healthcare Properties granted Buddie J. Penn 7,446 LTIP Units at a price of $0.00 per unit. These units represent a class of limited partnership interests that can later convert into operating partnership units and ultimately into cash or common shares.
When do Buddie J. Penn’s NHP LTIP Units vest?
The LTIP Units granted to Buddie J. Penn will vest on May 15, 2027, if he continues to provide service through that date. Vesting means the units become earned and then are eligible for conversion and redemption under the terms described in the award.
How can NHP LTIP Units be settled after vesting and conversion?
After certain events and vesting, LTIP Units convert into operating partnership units, which are redeemable for cash or, at National Healthcare Properties’ election, shares of common stock. The redemption is on a one-for-one basis or for the cash value of those shares.
What are Buddie J. Penn’s holdings in NHP after this Form 4 transaction?
Following the reported grant, Buddie J. Penn directly holds 19,946 LTIP Units and 7,697 shares of National Healthcare Properties common stock. These positions reflect his updated equity stake as a director after the May 15, 2026 compensation award.
Do the LTIP Units reported by NHP for Buddie J. Penn have an expiration date?
The filing states that the LTIP Units do not have expiration dates. They vest on May 15, 2027, subject to continued service, and can then be converted and redeemed according to the operating partnership and company equity arrangements described.
AI-generated analysis. How Rhea-AI works. Not financial advice.
