Perez Ernesto 4

What Happened Ernesto R. Perez, a director of FrontView REIT (FVR), had 7,895 restricted stock units (RSUs) vest and settle into 7,895 common shares on May 26, 2026 (reported via a conversion/settlement entry). No cash changed hands on the settlement. On May 27, 2026 he was granted an additional 5,320 RSUs (a new equity award) at $0.00 per share (subject to vesting).

Key Details

• Transactions reported: May 26, 2026 — 7,895 RSUs vested and were settled into 7,895 common shares (reported as exercise/conversion, code M); May 27, 2026 — grant/award of 5,320 RSUs (code A) at $0.00.
• Reported prices/values: RSU settlement and grant reported at $0.00 (no sale proceeds). The Form 4 shows the conversion/disposition entry at $0.00 reflecting settlement.
• Shares owned after transaction: total post‑transaction ownership is not specified on this Form 4; the holdings are reported as held by “Ernesto R. Perez & Jamie L. Perez ATBE” (see footnote).
• Footnotes of note:
  • RSUs are contingent rights to receive common stock on a one‑for‑one basis under the Issuer’s 2024 Omnibus Equity and Incentive Plan.
  • The 7,895 RSUs vested and were settled into shares on May 26, 2026; the RSUs generally vest on the earlier of the first anniversary of issuance or the day before the first annual stockholders’ meeting held at least 50 weeks after issuance, subject to continued service.
• Filing timeliness: Transaction dates are May 26–27, 2026 and the Form 4 was filed May 28, 2026 (appears to be filed within the standard two‑business‑day period).

Context

• These entries reflect equity compensation activity (RSU vesting/settlement and a new RSU grant), not open‑market buying or selling. Vesting/settlement converts the RSU derivative into shares; no immediate sale occurred.
• RSU grants are subject to future vesting/service conditions and do not necessarily indicate a change in the director’s market view.