Director grant at Chiron Real Estate (XRN): 2,497 LTIP units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crowley Paula reported acquisition or exercise transactions in this Form 4 filing.
Chiron Real Estate Inc. director Paula Crowley received a grant of 2,497 LTIP Units linked to Common Stock. These units were awarded at no cost under the company’s 2016 Equity Incentive Plan and will fully vest on May 20, 2027, if she continues serving as a director.
Once vested and after achieving capital account parity under the operating partnership agreement, each LTIP Unit may be exchanged for cash or, at Chiron’s election, for one share of Common Stock. Following this award, Crowley holds a total of 12,414 LTIP Units. The amounts reflect adjustment for a 1-for-5 reverse stock split effected on September 19, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Crowley Paula
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Unit (Right to Buy) | 2,497 | $0.00 | -- |
Holdings After Transaction:
LTIP Unit (Right to Buy) — 12,414 shares (Direct)
Footnotes (1)
- Represents units of limited partnership interest ("LTIP Units") in Chiron Real Estate LP (the "OP"), the operating partnership of the Issuer. All of the LTIP Units vest on May 20, 2027, subject to the Reporting Person's continued service as a director on such date. The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan (as amended from time to time) and have no expiration date. As described in the OP's partnership agreement, vested LTIP Units that have achieved capital account parity may be exchanged at any time after vesting for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date. On September 19, 2025, the Issuer effected a reverse stock split of the Issuer's issued and outstanding shares of Common Stock at a ratio of 1-for-5. As a result, the amount of LTIP Units reflected in this filing is on a post-split adjusted basis.
Key Figures
LTIP Units granted: 2,497 LTIP Units
Total LTIP Units after grant: 12,414 LTIP Units
Vesting date: May 20, 2027
+2 more
5 metrics
LTIP Units granted
2,497 LTIP Units
Grant to director Paula Crowley on May 20, 2026
Total LTIP Units after grant
12,414 LTIP Units
Holdings following reported transaction
Vesting date
May 20, 2027
All LTIP Units vest if director service continues
Reverse stock split ratio
1-for-5
Reverse split effective September 19, 2025
Exchange ratio
1 LTIP Unit : 1 share
One-for-one exchange into Common Stock at issuer’s election
Key Terms
LTIP Units, reverse stock split, 2016 Equity Incentive Plan, capital account parity
4 terms
LTIP Units financial
"Represents units of limited partnership interest ("LTIP Units") in Chiron Real Estate LP"
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
reverse stock split financial
"the Issuer effected a reverse stock split of the Issuer's issued and outstanding shares"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
2016 Equity Incentive Plan financial
"The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan"
capital account parity financial
"vested LTIP Units that have achieved capital account parity may be exchanged"
FAQ
What insider transaction did Chiron Real Estate (XRN) report for Paula Crowley?
Chiron Real Estate reported that director Paula Crowley received a grant of 2,497 LTIP Units. These derivative units are linked to Common Stock and were awarded as compensation under the 2016 Equity Incentive Plan at no cash cost.
When do Paula Crowley’s 2,497 LTIP Units at Chiron Real Estate (XRN) vest?
All 2,497 LTIP Units granted to Paula Crowley vest on May 20, 2027. Vesting is contingent on her continued service as a director through that date under the company’s equity incentive plan terms.
How can Chiron Real Estate (XRN) LTIP Units be settled after vesting?
After vesting and achieving capital account parity, each LTIP Unit can be exchanged for cash or, at Chiron’s election, for one share of Common Stock. This gives the company flexibility to settle awards in cash or stock.
How many LTIP Units does Paula Crowley hold at Chiron Real Estate (XRN) after this grant?
After receiving 2,497 additional LTIP Units, Paula Crowley holds a total of 12,414 LTIP Units. These figures are presented on a post–reverse stock split basis, reflecting the company’s 1-for-5 split in September 2025.
What impact did Chiron Real Estate’s 1-for-5 reverse stock split have on LTIP Units?
Chiron Real Estate’s 1-for-5 reverse stock split on September 19, 2025 adjusted outstanding Common Stock and related LTIP Units. The LTIP Unit amounts reported in this Form 4, including the 2,497-unit grant, are shown on a post-split adjusted basis.