Director at National Healthcare Properties (NYSE: NHP) granted 12,500 LTIP units
Rhea-AI Filing Summary
National Healthcare Properties, Inc. director Humphrey Scott received a grant of 12,500 LTIP Units on April 30, 2026. These units were awarded at a price of $0.00 per unit as equity compensation, and Scott now directly holds 12,500 LTIP Units.
The LTIP Units vest in four equal 25% installments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. After certain events and vesting, the LTIP Units can convert into operating partnership units, which are redeemable for cash or, at the issuer’s election, an equivalent number of common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Humphrey Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 12,500 | $0.00 | $0.00 |
Holdings After Transaction:
LTIP Units — 12,500 shares (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 will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to the recipient's continued service through the applicable vesting date.
- F3. The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.
Key Figures
LTIP Units granted: 12,500 units
Award price per LTIP Unit: $0.00 per unit
Underlying common stock: 12,500 shares
+2 more
5 metrics
LTIP Units granted
12,500 units
Equity award to director on April 30, 2026
Award price per LTIP Unit
$0.00 per unit
Grant/award acquisition code A
Underlying common stock
12,500 shares
Each LTIP Unit corresponds to one common share
Post-transaction LTIP holdings
12,500 LTIP Units
Total LTIP Units directly held after transaction
Vesting schedule
25% annually over 4 years
On each anniversary of April 30, 2026, subject to service
Key Terms
LTIP Units, OP Units, National Healthcare Properties Operating Partnership, L.P., vesting
4 terms
LTIP Units financial
"Following the occurrence of certain events and upon vesting, the LTIP Units are convertible..."
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
"convertible ... 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.
National Healthcare Properties Operating Partnership, L.P. financial
"The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P."
vesting financial
"The LTIP Units will vest in 25% increments on each of the first four anniversaries..."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did National Healthcare Properties (NHP) report for Humphrey Scott?
The filing shows director Humphrey Scott received a grant of 12,500 LTIP Units as equity compensation. These derivative units relate to National Healthcare Properties’ common stock and represent a non-cash award rather than an open-market share purchase or sale.
How many LTIP Units were granted to the NHP director in this Form 4?
Humphrey Scott was granted 12,500 LTIP Units. Each LTIP Unit is tied to an equivalent number of underlying common shares, giving exposure to National Healthcare Properties’ equity through the operating partnership structure rather than immediate direct stock ownership.
What is the vesting schedule for the 12,500 LTIP Units at National Healthcare Properties (NHP)?
The 12,500 LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date. Vesting is conditioned on the recipient’s continued service through each applicable vesting date, aligning the award with longer-term involvement.
How can the LTIP Units reported in NHP’s Form 4 convert into common stock or cash?
After certain events and vesting, the LTIP Units become convertible into operating partnership units on a one-for-one basis. Those units are redeemable for cash or, at National Healthcare Properties’ election, an equivalent number of common shares or the cash value of such shares.
Do the LTIP Units granted to the NHP director have an expiration date?
The LTIP Units do not have expiration dates. They remain outstanding subject to their vesting terms and potential conversion into operating partnership units, which may later be redeemed for cash or common stock at National Healthcare Properties’ election, based on the filing’s footnote disclosure.