Zeiller Robert Harold 4

What Happened

• Robert Harold Zeiller, Chief Development Officer and Head of Seniors Housing at Chiron Real Estate Inc. (XRN), was granted 2,477 LTIP units (limited partnership interests in the operating partnership) on 2026-07-16. The units were issued at $0.00 (award/derivative) and will vest on December 31, 2026, subject to his continued employment. The LTIP Units were granted under the company’s 2016 Equity Incentive Plan per his employment agreement.

Key Details

• Transaction date: 2026-07-16 (Period of Report); Form 4 filed 2026-07-17.
• Transaction type/code: Award/Acquisition (A) — derivative LTIP units, grant price $0.00.
• Quantity: 2,477 LTIP Units.
• Vesting: All units vest on 12/31/2026, contingent on continued employment.
• Conversion: Vested LTIP Units that achieve capital account parity may be exchanged after vesting for cash or, at the issuer’s election, for common shares on a one-for-one basis. LTIP Units have no expiration date.
• Compensation detail: Grant equals 50% of the pro rata portion of Zeiller’s base salary for the remainder of 2026 as provided in his employment agreement (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filed within the normal Form 4 window (not marked late).

Context

• This was a compensation/retention award (derivative units), not an open-market purchase or sale. The LTIP Units are not immediately tradable shares — they vest at year-end and conversion to cash or stock depends on post-vesting conditions. Such awards are common for executive pay and do not by themselves indicate a buy/sell market signal.