Vivmark Residential (VMRK) EVP Scott Fenster Receives Award

What Happened

• Scott Fenster, EVP and General Counsel of Vivmark Residential (VMRK), was granted a total of 33,006 securities on 2026-08-31. The grant breaks down to 4,584 restricted common shares (acquired at $0) and 28,422 derivative units (RUs) across three awards (all reported as awards, transaction code A). The filing reports an acquisition price of $0 because these were compensation awards rather than purchases.

Key Details

• Transaction date: 2026-08-31; Form 4 filed 2026-09-02 (timely filing).
• Awards: 4,584 restricted shares (F1) + 9,233 RUs + 4,792 RUs + 14,397 RUs = 33,006 total; reported acquisition price $0.
• Vesting: Restricted shares scheduled to vest January 3, 2028 (F1). The RUs are 2026 LTIP awards retained in the Operating Partnership and are scheduled to vest January 2, 2029 (F10, F11).
• About RUs: RUs are partnership interests that can convert into OP Units and, subject to conditions and vesting, can be exchanged one-for-one for common shares (or cash) at the company's option; conversion is subject to certain tax-related conditions and time limits (F6).
• Shares owned after transaction: the filing does not disclose Fenster’s total post-transaction beneficial ownership amount.

Context

• These were compensation grants (awards), not open-market purchases or sales. Awards at grant price $0 are common for executive compensation; they are typically subject to vesting and other conditions and do not indicate an immediate buy/sell signal. RUs are derivative, vest later, and may convert to shares in the future if conditions are met.