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OMEGA HEALTHCARE INVESTORS INC·4

Apr 1, 4:15 PM ET

STEPHENSON ROBERT O 4

Research Summary

AI-generated summary

Updated

OHI CFO Robert Stephenson Exercises Derivative Units, Disposes 39,649

What happened

  • Robert O. Stephenson, CFO of Omega Healthcare Investors (OHI), executed conversions of contingent derivative awards on 2026-03-31. The filing shows two conversions/exercises (transaction code M) for 28,770 and 10,879 units, respectively — a total of 39,649 units — with an exercise price of $0.00. The filing also reports identical amounts as disposed (28,770 and 10,879), so 39,649 units were both acquired (converted) and disposed on the same date. The reported dollar amounts are $0, indicating no cash purchase price was paid and no cash proceeds are reported in the entry.

Key details

  • Transaction date: 2026-03-31 (Form filed 2026-04-01 — appears timely).
  • Instruments and code: M = Exercise/conversion of derivative (Profits Interest Units / OP Units).
  • Lots: 28,770 units and 10,879 units; total acquired = 39,649; total disposed = 39,649.
  • Price: $0.00 per unit; reported dollar amounts = $0.
  • Shares owned after transaction: not provided in the excerpt of the filing.
  • Relevant footnotes:
    • F1–F2: These were Profits Interest Units (PIUs) that convert into Operating Partnership units (OP Units); OP Units can be redeemed for cash equal to the fair market value of one share or converted into issuer common stock.
    • F3–F4: The reported conversions reflect scheduled vesting (25% vesting each quarter in 2026) based on Absolute and Relative Total Shareholder Return for the 2023–2025 performance period, as certified Jan 8, 2026.
  • Filing timeliness: No late filing flag shown.

Context

  • These entries are derivative conversions/vestings of performance-linked partnership units rather than open-market purchases or straightforward stock sales. The equal “acquired” and “disposed” entries with $0 reported suggest internal conversion/settlement of award units (vesting and immediate settlement/redemption or conversion), not a cash outlay by the insider. This activity is compensation-related and typically reflects vesting of previously granted performance awards rather than a directional trading signal.