Crowley Paula 4
4 · Chiron Real Estate Inc. · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Chiron (XRN) Director Paula Crowley Receives LTIP Award
What Happened
Paula Crowley, a director of Chiron Real Estate Inc. (XRN), was granted 2,497 limited partnership units (LTIP Units) on 2026-05-20. The units were issued at $0.00 (an awarded/derivative grant) and are not an open-market purchase or sale. The LTIP Units vest on May 20, 2027, subject to her continued service as a director, and have no expiration.
Key Details
- Transaction date and price: 2026-05-20; grant price $0.00 per LTIP Unit (transaction code A = Award).
- Amount granted: 2,497 LTIP Units (post-1-for-5 reverse-split adjusted).
- Vesting: All units vest on 5/20/2027 conditioned on continued service (see footnote).
- Conversion: Vested LTIP Units that have achieved capital account parity may be exchanged for cash or, at the issuer’s election, for common shares on a one-for-one basis.
- Filing: Report filed 2026-05-21 for a 2026-05-20 grant (filed the day after the transaction).
- Ownership after transaction: Not disclosed in this filing.
Context
LTIP Units are a form of equity-based compensation tied to the issuer’s operating partnership; they’re derivatives that can convert into common stock after vesting (subject to partnership terms). Awards like this are compensation for service rather than an immediate buy signal — they don’t indicate Crowley purchased shares on the open market. Note the number shown reflects a prior 1-for-5 reverse stock split effective 9/19/2025.
Insider Transaction Report
- Award
LTIP Unit (Right to Buy)
[F1][F2][F3]2026-05-20+2,497→ 12,414 total→ Common Stock (2,497 underlying)
Footnotes (3)
- [F1]Represents units of limited partnership interest ("LTIP Units") in Chiron Real Estate LP (the "OP"), the operating partnership of the Issuer. All of the LTIP Units vest on May 20, 2027, subject to the Reporting Person's continued service as a director on such date. The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan (as amended from time to time) and have no expiration date.
- [F2]As described in the OP's partnership agreement, vested LTIP Units that have achieved capital account parity may be exchanged at any time after vesting for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date.
- [F3]On September 19, 2025, the Issuer effected a reverse stock split of the Issuer's issued and outstanding shares of Common Stock at a ratio of 1-for-5. As a result, the amount of LTIP Units reflected in this filing is on a post-split adjusted basis.