4//SEC Filing
Preston Stephen 4
Accession 0000895345-24-000410
CIK 0001988494other
Filed
Oct 7, 8:00 PM ET
Accepted
Oct 8, 8:47 PM ET
Size
9.6 KB
Accession
0000895345-24-000410
Insider Transaction Report
Form 4
Preston Stephen
DirectorChairman, CEO and President
Transactions
- Award
Restricted Stock Units
2024-10-04+263,158→ 263,158 total→ Common Stock (263,158 underlying) - Other
OP Units
2024-10-08+427,818→ 427,818 total(indirect: See footnote)→ Common Stock (427,818 underlying)
Footnotes (4)
- [F1]Represents the grant of time-based restricted stock units ("RSUs"), which are contingent rights to receive shares of the Issuer's common stock ("Shares") on a one-for-one basis, pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan. The RSUs generally vest in equal annual installments as to 1/5 of the RSUs on each of October 4, 2025, 2026, 2027, 2028 and 2029, subject to continued service with the Issuer through the applicable date.
- [F2]Represents receipt of fully-vested units of limited partnership interest in FrontView Operating Partnership LP (the "Operating Partnership") designated as OP Units ("OP Units") under the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, dated as of October 3, 2024 (the "Partnership Agreement"). Commencing six months from the date of issuance, each OP Unit is redeemable at the election of the holder for cash equal to the then fair market value of one Share, or at the Issuer's election, one Share, subject to adjustment as set forth in the Partnership Agreement.
- [F3]OP Units were distributed by North American Realty Services, LLLP, a Florida limited liability limited partnership ("NARS"), to certain of its limited partners, including to an entity controlled by the Reporting Person, in connection with the consummation of the transactions contemplated by the terms of Amended and Restated Internalization Agreement, dated as of July 10, 2024, by and among the Issuer, the Operating Partnership, NADG NNN Property Fund LP, a Delaware limited partnership, NADG NNN Operating LP, a Delaware limited partnership, NADG (US) LLLP, a Delaware limited liability limited partnership, NADG (US, Inc., a Delaware corporation, NADG NNN Property Fund GP, LLLP, a Delaware limited liability limited partnership, NADG NNN Operating GP, LLLP, a Delaware limited liability limited partnership, and NARS.
- [F4]Held by SSBP Corp., which is controlled by the Reporting Person.
Documents
Issuer
FrontView REIT, Inc.
CIK 0001988494
Entity typeother
Related Parties
1- filerCIK 0002037844
Filing Metadata
- Form type
- 4
- Filed
- Oct 7, 8:00 PM ET
- Accepted
- Oct 8, 8:47 PM ET
- Size
- 9.6 KB