Director at Chiron Real Estate (NYSE: XRN) receives 2,497 LTIP units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cypher Matthew reported acquisition or exercise transactions in this Form 4 filing.
Chiron Real Estate Inc. director Cypher Matthew received a grant of 2,497 LTIP Units in Chiron Real Estate LP, the company’s operating partnership. These units vest on May 20, 2027 and, once vested and meeting capital account parity, may be exchanged one-for-one for shares of common stock or cash. Following this award, he holds 13,603 LTIP Units on a post–1-for-5 reverse split basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cypher Matthew
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Unit (Right to Buy) | 2,497 | $0.00 | -- |
Holdings After Transaction:
LTIP Unit (Right to Buy) — 13,603 shares (Direct, null)
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: 13,603 LTIP Units
Vesting date: May 20, 2027
+2 more
5 metrics
LTIP Units granted
2,497 LTIP Units
Grant on May 20, 2026
Total LTIP Units after grant
13,603 LTIP Units
Holdings following transaction
Vesting date
May 20, 2027
All granted LTIP Units vest if service continues
Exchange ratio
1 LTIP Unit : 1 common share
Upon vesting and capital account parity, at issuer’s election
Reverse stock split ratio
1-for-5
Effective September 19, 2025, post-split LTIP amounts shown
Key Terms
LTIP Units, reverse stock split, capital account parity, Equity Incentive Plan
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 is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
capital account parity financial
"vested LTIP Units that have achieved capital account parity may be exchanged"
Equity Incentive Plan financial
"issued pursuant to the Issuer's 2016 Equity Incentive Plan (as amended from time to time)"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
What did Cypher Matthew report in this Form 4 for XRN?
Cypher Matthew reported receiving 2,497 LTIP Units in Chiron Real Estate LP. These units are a form of equity-based compensation linked to Chiron Real Estate Inc.’s common stock and increase his total LTIP Unit holdings to 13,603 on a post-split basis.
When do Cypher Matthew’s newly granted LTIP Units for XRN vest?
All 2,497 newly granted LTIP Units vest on May 20, 2027. Vesting is conditioned on his continued service as a director through that date, which ties the award to long-term board tenure and alignment with shareholder interests.
How can the LTIP Units reported for Chiron Real Estate Inc. be settled?
Once vested and achieving capital account parity, the LTIP Units can be exchanged for cash or, at the issuer’s election, for shares of common stock on a one-for-one basis. This structure links the award’s value directly to the company’s equity.
What is Cypher Matthew’s total LTIP Unit position in XRN after this grant?
After receiving 2,497 additional LTIP Units, Cypher Matthew holds a total of 13,603 LTIP Units. This figure is presented on a post–1-for-5 reverse stock split basis, reflecting the company’s capital structure change on September 19, 2025.
How did Chiron Real Estate Inc.’s reverse stock split affect the LTIP Units?
On September 19, 2025, Chiron Real Estate Inc. executed a 1-for-5 reverse stock split on its common shares. As a result, the LTIP Unit amounts in this filing are shown on a post-split adjusted basis, aligning them with the new share count.
Are the LTIP Units granted to Cypher Matthew subject to expiration?
The LTIP Units reported for Cypher Matthew have no expiration date. They were issued under Chiron Real Estate Inc.’s 2016 Equity Incentive Plan, and once vested, can be held or exchanged under the terms of the operating partnership agreement.