Omega Healthcare (OHI) director gets 3,814 new PIUs as 4,424 convert to OP Units
Rhea-AI Filing Summary
Omega Healthcare Investors director Stephen D. Plavin reported equity-based compensation and a derivative conversion. On June 5, 2026, he received a grant of 3,814 Profits Interest Units (PIUs) in OHI Healthcare Properties Limited Partnership at a price of $0.00 per unit.
All 4,424 of his previously granted PIUs from June 6, 2025 vested and converted into 4,424 OP Units on the same date. Following the conversion, he directly holds 23,215 OP Units. Each OP Unit can be redeemed for cash equal to the fair market value of one share of Omega Healthcare common stock, or, at the company’s election, one share of common stock. The new 2026 PIUs will vest in full on the date of the company’s 2027 Annual Meeting of Shareholders, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,848 shares exercised/converted
Exercise
3 txns
Insider
PLAVIN STEPHEN D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Profits Interest Units | 4,424 | $0.00 | $0.00 |
| Exercise | OP Units | 4,424 | $0.00 | $0.00 |
| Grant/Award | Profits Interest Units | 3,814 | $0.00 | $0.00 |
Holdings After Transaction:
OP Units — 23,215 shares (Direct);
Profits Interest Units — 3,814 shares (Direct)
Footnotes (5)
- 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's common stock, subject to adjustment as set forth in the partnership agreement. OP Units do not expire.
- F3. 100% of the reporting person's PIUs granted on June 6, 2025 vested and converted into OP Units on June 5, 2026.
- F4. Represents the annual grant of stock the reporting person election to receive as Profits Interest Units.
- F5. 100% of the reporting person's PIUs granted on June 5, 2026 will vest on the date of the Company's 2027 Annual Meeting of Shareholders, subject to continued service.
Key Figures
New PIU grant: 3,814 Profits Interest Units
PIUs converted: 4,424 Profits Interest Units
OP Units after transactions: 23,215 OP Units
+2 more
5 metrics
New PIU grant
3,814 Profits Interest Units
Granted on June 5, 2026 at $0.00 per unit
PIUs converted
4,424 Profits Interest Units
Vested and converted into 4,424 OP Units on June 5, 2026
OP Units after transactions
23,215 OP Units
Direct holdings following June 5, 2026 conversion
Derivative exercises
8,848 units
Total derivative exercise shares in this filing
Exercise price
$0.00 per unit
Conversion or exercise price for PIUs and OP Units
Key Terms
Profits Interest Units, OP Units, fair market value, Annual Meeting of Shareholders
4 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.
fair market value financial
"Each OP Unit is redeemable at the election of the holder for cash equal to the then fair market value of one share"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Omega Healthcare (OHI) director Stephen Plavin report in this Form 4?
Stephen D. Plavin reported equity-based compensation and a derivative conversion. He received 3,814 Profits Interest Units and saw 4,424 previously granted PIUs vest and convert into 4,424 OP Units, which are economically linked to Omega Healthcare common stock.
How many Profits Interest Units did OHI director Stephen Plavin receive?
Stephen Plavin received a grant of 3,814 Profits Interest Units on June 5, 2026. These units represent a contingent right to receive OP Units upon vesting and meeting certain tax-driven economic requirements, functioning as part of his equity-based compensation in Omega Healthcare’s operating partnership.
What happened to Stephen Plavin’s previously granted Profits Interest Units at Omega Healthcare?
All 4,424 of Stephen Plavin’s Profits Interest Units granted on June 6, 2025 vested and converted into 4,424 OP Units on June 5, 2026. This conversion reflects a routine derivative exercise rather than an open-market stock purchase or sale of Omega Healthcare common shares.
What are OP Units in the Omega Healthcare structure, as reported in this Form 4?
OP Units are limited partnership interests in OHI Healthcare Properties Limited Partnership. Each OP Unit is redeemable for cash equal to the fair market value of one Omega Healthcare common share or, at the company’s election, one share of its common stock, with no stated expiration date.
How many OP Units does Stephen Plavin hold after these Omega Healthcare transactions?
After the June 5, 2026 transactions, Stephen Plavin directly holds 23,215 OP Units. This reflects the addition of 4,424 OP Units from the vesting and conversion of prior Profits Interest Units, as disclosed in the Form 4, alongside his existing OP Unit position.
When will Stephen Plavin’s new 2026 Profits Interest Units in OHI vest?
The Profits Interest Units granted to Stephen Plavin on June 5, 2026 will vest 100% on the date of Omega Healthcare’s 2027 Annual Meeting of Shareholders. Vesting is conditioned on his continued service with the company through that meeting date, according to the disclosure.