Fitzgerald Charles 4

What Happened

• Fitzgerald Charles (listed in the filing as "Fitzgerald Charles"), a director of FrontView REIT, was granted 5,320 LTIP Units as an award (transaction code A). The units are reported as a derivative award with no purchase price (N/A) and no immediate cash value disclosed in the filing. This is a compensation grant rather than an open‑market purchase or sale.

Key Details

• Reported transaction date: 2027-05-27 (filing cover period is 2026-05-26 and the Form 4 was filed 2026-05-28 — the transaction date appears inconsistent with the filing dates and may be a data entry error).
• Transaction type / code: A = Award/Grant (derivative LTIP Units); Price: N/A.
• Quantity: 5,320 LTIP Units.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes of note:
  • F1: LTIP Units = limited partnership units granted under the 2024 Omnibus Equity and Incentive Plan; LTIP Units have no expiration.
  • F2: Each LTIP Unit can convert (issuer’s or holder’s election) to an OP Unit, which is redeemable for cash equal to the fair market value of one common share, or at the issuer’s election, one common share.
  • F3: Vesting: LTIP Units vest in full on the earlier of (i) the first anniversary of issuance or (ii) the day before the issuer’s first annual stockholders’ meeting held at least 50 weeks after issuance, subject to continued service.
• Accession no.: 0000895345-26-000252.

Context

• These LTIP Units are a form of equity compensation for service and do not represent an open‑market purchase (so they are routine compensation rather than a direct bullish signal from the insider).
• Because they are derivative units that convert to partnership units and ultimately to cash or shares upon conversion/ redemption, their economic value depends on FrontView’s share valuation at conversion/ redemption and on continued service through vesting.