Craig Callen of Omega Healthcare (NYSE: OHI) granted PIUs and converts units
Rhea-AI Filing Summary
OMEGA HEALTHCARE INVESTORS INC director Craig R. Callen reported equity-based compensation and related conversions, with only acquisition-type transactions and no share sales. He received a grant of 9,708 Profits Interest Units (PIUs) on June 5, 2026, representing a contingent right to receive an equal number of OP Units upon vesting and satisfaction of tax-driven economic requirements. On the same date, 11,263 previously granted PIUs vested and converted into 11,263 OP Units. A related transaction shows 11,263 OP Units exercised into common stock equivalents, leaving 74,310 OP Units held directly. The 2026 PIU grant is described as his annual stock grant and will fully vest on the date of the company’s 2027 Annual Meeting of Shareholders, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
22,526 shares exercised/converted
Exercise
3 txns
Insider
CALLEN CRAIG R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Profits Interest Units | 11,263 | $0.00 | $0.00 |
| Grant/Award | Profits Interest Units | 9,708 | $0.00 | $0.00 |
| Exercise | OP Units | 11,263 | $0.00 | $0.00 |
Holdings After Transaction:
OP Units — 74,310 shares (Direct);
Profits Interest Units — 9,708 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 common stock, subject to adjustment as set forth in the partnership agreement. The OP Units have no expiration date.
- 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 elected 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
PIUs granted 2026: 9,708 units
PIUs converted to OP Units: 11,263 units
OP Units exercised into common stock equivalents: 11,263 units
+2 more
5 metrics
PIUs granted 2026
9,708 units
Profits Interest Units granted on June 5, 2026 as annual stock grant
PIUs converted to OP Units
11,263 units
Previously granted PIUs vested and converted on June 5, 2026
OP Units exercised into common stock equivalents
11,263 units
OP Unit derivative exercise reported with underlying common stock
OP Units held after transaction
74,310 units
Direct OP Unit holdings following derivative transaction
Total derivative exercises
22,526 units
Aggregate exerciseShares across derivative transactions
Key Terms
Profits Interest Units, OP Units, Operating Partnership, 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.
Operating Partnership financial
"PIUs in OHI Healthcare Properties Limited Partnership (the "Operating Partnership"), of which the Issuer is the general partner"
An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did OHI director Craig R. Callen report?
Craig R. Callen reported only acquisition-type transactions, including a grant of Profits Interest Units and derivative exercises converting prior awards into OP Units and common stock equivalents. The filing shows no open-market purchases or sales, reflecting routine equity-based compensation and related conversions.
How many Profits Interest Units did Craig R. Callen receive from Omega Healthcare (OHI)?
Craig R. Callen received 9,708 Profits Interest Units on June 5, 2026. These PIUs are a form of equity-based award that can convert into an equal number of OP Units upon vesting and satisfaction of certain tax-driven economic requirements described in the partnership agreement.
What happened to Craig R. Callen’s previously granted PIUs at Omega Healthcare (OHI)?
Previously granted PIUs totaling 11,263 units vested and converted into 11,263 OP Units on June 5, 2026. This vesting followed a grant originally made on June 6, 2025, and reflects the transition from contingent PIUs into fully issued OP Units under the partnership structure.
How many OP Units does Craig R. Callen hold after these OHI transactions?
After the reported derivative exercise involving OP Units, Craig R. Callen directly holds 74,310 OP Units. Each OP Unit is redeemable at the holder’s election for cash equal to the then fair market value of one share of common stock, or one share at the issuer’s election.
When will Craig R. Callen’s 2026 PIU grant from Omega Healthcare (OHI) vest?
The 9,708 PIUs granted on June 5, 2026 will fully vest on the date of Omega Healthcare’s 2027 Annual Meeting of Shareholders, subject to his continued service. Upon vesting and satisfying tax-driven conditions, each PIU can convert into one OP Unit of the Operating Partnership.
What rights do Omega Healthcare (OHI) OP Units provide to Craig R. Callen?
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 one share of common stock at the issuer’s election. The OP Units have no expiration date under the partnership agreement.