Omega Healthcare (NYSE: OHI) corrects insider OP Unit redemption details
Rhea-AI Filing Summary
Omega Healthcare Investors filed an amended insider trading report for its Chief Executive Officer and director. The filing restates details of a prior transaction in which the executive redeemed 200,000 OP Units in OHI Healthcare Properties Limited Partnership, each tied economically to one share of Omega Healthcare common stock. Each OP Unit was redeemed for cash based on the average closing price over ten trading days, confirmed here as $44.25 per share.
The amendment also notes that 20,000 underlying shares from this redemption were matchable with a purchase of 20,000 Omega Healthcare shares on November 5, 2025 under Section 16(b), and the executive has paid $22,144 to the company as short-swing profit. The company explains this amendment corrects a typographical error in the previously reported average price, while the actual redemption price and profit repayment figures remain the same.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | OP Units | 200,000 | $0.00 | $0.00 |
Footnotes (3)
- F1. The reporting person redeemed 200,000 units of limited partnership interest (each, an "OP Unit") in OHI Healthcare Properties Limited Partnership, of which Omega Healthcare Investors, Inc. (the "Company") is the general partner. Each OP Unit was redeemed for an amount of cash equal to the average of the daily closing price of the Company's common stock on the New York Stock Exchange for the 10 consecutive trading days immediately preceding the Company's receipt of the notice of redemption, or $44.25.
- F2. The reporting person's redemption of OP Units herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 20,000 underlying shares, with the reporting person's purchase of 20,000 shares of the Company's common stock on November 5, 2025. The reporting person has paid $22,144.00 to the Company, representing the full amount of profit realized in connection with the short-swing transaction.
- F3. Each OP Unit is redeemable at the election of the holder for cash equal to the then fair market value of one (1) share of Issuer common stock, or at the Issuer's election, one (1) share of Issuer common stock, subject to continued employment and accelerated vesting under certain circumstances. The OP Units have no expiration date.
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FAQ
What insider transaction did Omega Healthcare Investors (OHI) report in this amended filing?
The amended filing reports that the Chief Executive Officer and director redeemed 200,000 units of limited partnership interest (OP Units) in OHI Healthcare Properties Limited Partnership, which is controlled by Omega Healthcare Investors.
Why did Omega Healthcare Investors (OHI) amend this Form 4?
The amendment corrects a typographical error in a prior footnote that had misstated the average trading price used for the redemption. The company states the actual redemption price and the short-swing profit paid to the company were correctly based on $44.25 per share.
How much short-swing profit was repaid to Omega Healthcare Investors (OHI) under Section 16(b)?
The filing states that the reporting person’s redemption of OP Units was matchable to the extent of 20,000 underlying shares with a prior purchase, and that the reporting person has paid $22,144.00 to Omega Healthcare Investors as the full short-swing profit.
What are OP Units as described in the Omega Healthcare Investors (OHI) filing?
According to the filing, each OP Unit is redeemable at the holder’s election for cash equal to the then fair market value of one share of Omega Healthcare common stock, or, at the company’s election, for one share of common stock, subject to continued employment and potential accelerated vesting. The OP Units have no expiration date.
How many derivative securities does the Omega Healthcare (OHI) insider hold after the reported transaction?
Following the reported OP Unit redemption, the filing shows the reporting person beneficially owns 934,750 derivative securities, held directly.