Omega Healthcare (OHI) CEO exercises performance units into additional stock
Rhea-AI Filing Summary
Omega Healthcare Investors CEO C. Taylor Pickett exercised performance-based equity awards linked to partnership units. On March 31, 2026, he exercised Profits Interest Units into 69,226 and 26,177 OP Units, then exercised those OP Units into an equal number of common shares at a $0.00 exercise price.
The filing shows derivative exercises covering a total of 190,806 units, including 95,403 OP Units that became common stock. These awards vested based on Absolute and Relative Total Shareholder Return for the 2023–2025 period, subject to continued employment. Following the transactions, he directly holds 1,225,003 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
190,806 shares exercised/converted
Exercise
4 txns
Insider
PICKETT C TAYLOR
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Profits Interest Units | 69,226 | $0.00 | $0.00 |
| Exercise | Profits Interest Units | 26,177 | $0.00 | $0.00 |
| Exercise | OP Units | 69,226 | $0.00 | $0.00 |
| Exercise | OP Units | 26,177 | $0.00 | $0.00 |
Holdings After Transaction:
Profits Interest Units — 474,571 shares (Direct);
OP Units — 2,423,829 shares (Direct)
Footnotes (4)
- F1. Represents Profits Interest Units ("PIUs") in OHI Healthcare Properties Limited Partnership (the "Operating Partnership"), of which the Issuer is the general partner. Each PIU represents a contingent right to receive one unit of limited partnership interest (an "OP Unit") in the Operating Partnership upon vesting and the satisfaction of certain tax-driven economic requirements.
- F2. Each OP Unit is redeemable at the election of the holder for cash equal to the then fair market value of one share of Issuer common stock, or at the Issuer's election, one share of Issuer common stock, subject to adjustment as set forth in the partnership agreement. The OP Units have no expiration date.
- F3. Represents 25% of the PIUs that vested into OP Units at the end of each calendar quarter in 2026 based on the Absolute Total Shareholder Return for the 2023-2025 performance period, subject to continued employment and accelerated vesting under certain circumstances, as certified by the Compensation Committee on January 8, 2026.
- F4. Represents 25% of the PIUs that vested into OP Units at the end of each calendar quarter in 2026 based on the Relative Total Shareholder Return for the 2023-2025 performance period, subject to continued employment and accelerated vesting under certain circumstances, as certified by the Compensation Committee on January 8, 2026.
Key Figures
Profits Interest Units exercised: 69,226 units
Additional Profits Interest Units exercised: 26,177 units
Total derivative units exercised: 190,806 units
+3 more
6 metrics
Profits Interest Units exercised
69,226 units
Derivative exercise/conversion on March 31, 2026
Additional Profits Interest Units exercised
26,177 units
Derivative exercise/conversion on March 31, 2026
Total derivative units exercised
190,806 units
ExerciseShares in transaction summary
OP Units converted to common
95,403 units
69,226 and 26,177 OP Units into common stock
Shares after transactions
1,225,003 shares
Total common stock directly held after March 31, 2026
Exercise price per unit
$0.00 per unit
Reported conversion/exercise price for derivative transactions
Key Terms
Profits Interest Units, OP Units, Absolute Total Shareholder Return, Relative Total Shareholder Return, +1 more
5 terms
Profits Interest Units financial
"Represents Profits Interest Units ("PIUs") in OHI Healthcare Properties Limited Partnership"
OP Units financial
"Each PIU represents a contingent right to receive one unit of limited partnership interest (an "OP Unit")"
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.
limited partnership interest financial
"one unit of limited partnership interest (an "OP Unit") in the Operating Partnership"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Omega Healthcare (OHI) CEO C. Taylor Pickett report in this Form 4?
He reported exercising performance-based equity awards. Profits Interest Units first converted into OP Units, which then converted into common stock at a zero exercise price, increasing his direct common share holdings as of March 31, 2026.
How many derivative units did the Omega Healthcare (OHI) CEO exercise?
The filing shows derivative exercises covering 190,806 units. This includes Profits Interest Units that vested into OP Units, and OP Units that were then exercised into an equal number of common shares, all at a reported exercise price of $0.00 per unit.
How were the Omega Healthcare (OHI) Profits Interest Units structured to vest?
The Profits Interest Units vested into OP Units based on Absolute and Relative Total Shareholder Return for the 2023–2025 performance period. Vesting occurred in 25% tranches each calendar quarter in 2026, subject to continued employment and certain accelerated vesting conditions.
What flexibility do Omega Healthcare (OHI) OP Units provide to the holder and issuer?
Each OP Unit is redeemable at the holder’s election for cash equal to the fair market value of one Omega Healthcare common share, or, at the issuer’s election, one share of common stock. The OP Units have no expiration date under the partnership agreement.