FRANK ELIZABETH F 4
4 · FrontView REIT, Inc. · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
FrontView REIT (FVR) Director Elizabeth Frank Settles RSUs, Receives LTIP Units
What Happened
- Elizabeth F. Frank, a director of FrontView REIT (FVR), had 7,895 restricted stock units (RSUs) vest and settle into shares on May 26, 2026. The Form 4 shows the RSU conversion as a derivative exercise/conversion (code M) with $0 proceeds reported for the derivative disposal (i.e., no cash sale recorded).
- On May 27, 2026, Frank was granted 5,320 LTIP Units (a derivative award under the company’s 2024 Omnibus Equity and Incentive Plan). These LTIP Units are a long‑term incentive that can convert to partnership units and ultimately be redeemable for cash or shares per the partnership agreement.
Key Details
- Transaction dates and amounts:
- May 26, 2026: Settlement of 7,895 RSUs into shares (exercise/conversion, reported as acquired; derivative disposal reported at $0.00).
- May 27, 2026: Grant of 5,320 LTIP Units (award/grant).
- Prices/values: no cash purchase or sale proceeds reported; the derivative disposal line shows $0.00. No dollar values are disclosed in the filing.
- Shares owned after transaction: not disclosed in the provided data.
- Relevant footnotes: RSUs convert one-for-one to common shares upon vesting (F1–F2). LTIP Units are units of limited partnership interest, convertible to OP Units and redeemable for cash equal to the fair market value of a share (or for shares at the issuer’s election); LTIP Units vest in full on the earlier of the first anniversary of issuance or the day before the issuer’s first qualifying annual meeting (subject to continued service) (F3–F5).
- Filing timeliness: Form 4 was filed May 28, 2026 for transactions on May 26–27, 2026 — filed within the usual 2‑business‑day window (timely).
Context
- The RSU settlement represents receipt of company stock rather than a market sale; the $0.00 derivative disposal line reflects conversion/settlement, not a cash sale.
- The LTIP Units are a deferred/contingent equity award with vesting conditions (generally around one year) and may convert to units redeemable for cash or shares later; they are not immediately tradable common shares.
- These transactions are routine equity compensation events for insiders and do not by themselves indicate the insider’s trading intent.
Insider Transaction Report
Form 4
FRANK ELIZABETH F
Director
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-05-26+7,895→ 13,072 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-05-26−7,895→ 0 total→ Common Stock (7,895 underlying) - Award
LTIP Units
[F3][F4][F5]2026-05-27+5,320→ 5,320 total→ OP Units (5,320 underlying)
Footnotes (5)
- [F1]Restricted stock units ("RSUs") represent a contingent right to receive shares of the Issuer's common stock ("Share") on a one-for-one basis, pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan (the "Equity Plan").
- [F2]The RSUs vested and were settled on May 26, 2026. This transaction represents the settlement of 7,895 RSUs in Shares following vesting.
- [F3]Represents units of limited partnership interest designated as "LTIP Units" in FrontView Operating Partnership LP (the "Operating Partnership") granted pursuant to the Equity Plan and the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, dated as of October 3, 2024 (the "Partnership Agreement"). LTIP Units have no expiration date.
- [F4]Each LTIP Unit may be converted at the election of the Issuer or the holder, into a common unit of limited partnership interest in the Operating Partnership (an "OP Unit") only if the vesting conditions described below are met. Each OP Unit is thereafter 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.
- [F5]These LTIP Units vest in full on the earlier of (i) the first anniversary of the date of issuance and (ii) the day before the Issuer's first annual stockholders' meeting that is held at least 50 weeks following the date of issuance, in either case, subject to continued service with the Issuer through the applicable date.
Signature
/s/ Stephen Preston as Attorney-in-Fact for Elizabeth Frank|2026-05-28