Omega Healthcare (NYSE: OHI) director receives new PIUs and OP Units
Rhea-AI Filing Summary
Omega Healthcare Investors director Barbara B. Hill reported equity-based compensation and conversions. She received a grant of 6,102 Profits Interest Units (PIUs) in the company’s operating partnership as annual stock-based compensation. Separately, 7,079 previously granted PIUs fully vested and converted into OP Units, which are partnership interests redeemable for cash equal to the value of one common share or, at the company’s election, one share of common stock. Following these transactions, Hill directly holds 49,073 OP Units in the operating partnership.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,158 shares exercised/converted
Exercise
3 txns
Insider
HILL BARBARA B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Profits Interest Units | 7,079 | $0.00 | $0.00 |
| Exercise | OP Units | 7,079 | $0.00 | $0.00 |
| Grant/Award | Profits Interest Units | 6,102 | $0.00 | $0.00 |
Holdings After Transaction:
OP Units — 49,073 shares (Direct);
Profits Interest Units — 6,102 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 5, 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: 6,102 Profits Interest Units
PIUs converted: 7,079 Profits Interest Units
OP Units after transaction: 49,073 OP Units
+1 more
4 metrics
New PIU grant
6,102 Profits Interest Units
Annual equity grant on June 5, 2026
PIUs converted
7,079 Profits Interest Units
Vested and converted into OP Units on June 5, 2026
OP Units after transaction
49,073 OP Units
Direct holdings following June 5, 2026 transactions
Total derivative exercises
14,158 shares
Exercise or conversion of derivative securities reported in this filing
Key Terms
Profits Interest Units, OP Units, Annual Meeting of Shareholders
3 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did OHI director Barbara B. Hill report on this Form 4?
Barbara B. Hill reported receiving 6,102 Profits Interest Units as an annual equity grant and the vesting and conversion of 7,079 previously granted PIUs into OP Units, increasing her direct OP Unit holdings to 49,073.
How many Profits Interest Units did OHI grant to Barbara B. Hill?
Barbara B. Hill was granted 6,102 Profits Interest Units. These PIUs represent a contingent right to receive OP Units upon vesting and meeting certain tax-driven economic conditions outlined in the operating partnership agreement.
What happened to Barbara B. Hill’s previously granted OHI Profits Interest Units?
All PIUs granted to Barbara B. Hill on June 5, 2025 fully vested and converted into 7,079 OP Units on June 5, 2026. This shifted her position from contingent profit interests into vested partnership units tied to the issuer’s common stock value.
What are OP Units in Omega Healthcare’s operating partnership?
OP Units are limited partnership interests in Omega Healthcare’s operating partnership. Each OP Unit is redeemable for cash equal to the fair market value of one common share or, at the issuer’s election, one share of common stock, and they do not expire.
How many OP Units does Barbara B. Hill hold after these OHI transactions?
After the reported transactions, Barbara B. Hill directly holds 49,073 OP Units in the operating partnership. These units are economically linked to Omega Healthcare’s common stock through a redemption feature described in the partnership agreement.
When will Barbara B. Hill’s new 2026 Profits Interest Units in OHI vest?
The 6,102 PIUs granted to Barbara B. Hill on June 5, 2026 will vest on the date of Omega Healthcare’s 2027 Annual Meeting of Shareholders, provided she continues her service through that meeting date.