Johnston Shawn G 4

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.