Johnston Shawn G 4
4 · Janus Living, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Janus Living (JAN) EVP Shawn G. Johnston Receives Award — 10,000 LTIP Units
What Happened Shawn G. Johnston, EVP and Chief Accounting Officer of Janus Living (JAN), was granted 10,000 LTIP Units (derivative award) on March 23, 2026. The Form 4 lists the award as an acquisition (code A) at $0.00 per unit. The filing notes these LTIP Units are a class of profits-interest units in the issuer’s operating subsidiary and were granted in connection with the company’s initial public offering; they are fully vested.
Key Details
- Transaction date: 2026-03-23; Form 4 filed: 2026-03-24 (appears timely).
- Transaction type/code: Award/Grant (A); derivative instrument (LTIP Units) acquired at $0.00.
- Amount: 10,000 LTIP Units.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1: LTIP Units are profits-interest units in Janus OP that can be converted (at holder’s election) into OP Units, which are redeemable for cash equal to the fair market value of one share of the Issuer’s Class A-1 Common Stock or convertible one-for-one into Class A-1 shares.
- F2: These LTIP Units are fully vested and were granted in connection with the IPO.
Context This was an award of fully vested LTIP Units (a derivative compensation vehicle), not an open-market purchase or sale. Because LTIP Units are convertible/redeemable into economic interests tied to the company’s Class A-1 shares, their ultimate value depends on the market price of Janus Living’s stock and the conversion/redeemment mechanics. Awards are common executive compensation and are informative about pay but do not by themselves indicate the insider’s view on the stock.
Insider Transaction Report
- Award
LTIP Units
[F1][F2]2026-03-23+10,000→ 10,000 total→ Class A-1 Common Stock (10,000 underlying)
Footnotes (2)
- [F1]Represents a class of common units of membership interest in Janus Living OP, LLC, ("Janus OP"), the operating subsidiary of the Issuer, designated as LTIP Units ("LTIP Units") intended to qualify as profits interests for U.S. federal income tax purposes. LTIP Units do not have an expiration date. Upon achieving equivalent capital account balance per unit and any applicable vesting conditions, the LTIP Units are convertible at the election of the holder into common units of membership interest in Janus OP (the "OP Units"). The OP Units are redeemable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's Class A-1 Common Stock or, at the option of Janus OP, convertible to shares of the Issuer's Class A-1 Common Stock on a one-for-one basis, and have no expiration date.
- [F2]Represents fully vested LTIP Units granted in connection with the Issuer's initial public offering of Class A-1 Common Stock.