[Form 4] National Healthcare Properties, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weil Edward M Jr. reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Edward M. Weil Jr. received a grant of 7,446 LTIP Units as equity-based compensation. The LTIP Units are convertible into an equivalent number of operating partnership units, which can be redeemed for cash or, at the company’s election, shares of common stock on a one-for-one basis.
The LTIP Units vest on May 15, 2027, subject to his continued service through that date. After this grant, he holds 19,946 LTIP Units and 3,110 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Weil Edward M Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 7,446 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
LTIP Units — 19,946 shares (Direct, null);
Common Stock — 3,110 shares (Direct, null)
Footnotes (1)
- 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. The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P. The LTIP Units will vest on May 15, 2027, subject to the recipient's continued service through the applicable vesting date.