4//SEC Filing
Christensen Gregg 4
Accession 0001209191-22-002986
CIK 0001692951other
Filed
Jan 10, 7:00 PM ET
Accepted
Jan 11, 8:02 PM ET
Size
8.5 KB
Accession
0001209191-22-002986
Insider Transaction Report
Form 4
Christensen Gregg
See Remarks
Transactions
- Award
LTIP Units
2022-01-07+7,958.492→ 94,955.613 total→ Class I Common Stock, par value $0.01 per share (7,958.492 underlying)
Holdings
- 209,712.76(indirect: By LLC)
LTIP Units
→ Class I Common Stock, par value $0.01 per share (209,712.76 underlying)
Footnotes (4)
- [F1]The long-term incentive plan units ("LTIP Units") of Cottonwood Residential O.P., LP, a Delaware limited partnership ("Operating Partnership"), of which Cottonwood Communities, Inc., a Maryland corporation (the "Issuer"), is the sole member of the sole general partner, were granted to the reporting person on January 7, 2022 as equity incentive compensation. The LTIP Units vest annually in equal installments over a four-year period with the first 25% vesting on January 1, 2023, subject to continued service.
- [F2]Represents LTIP units granted to the reporting person as equity incentive compensation. Over time, the LTIP Units can achieve full parity with common units of limited partnership of the Operating Partnership ("OP Units") for all purposes. If such parity is reached, non-forfeitable LTIP Units may be converted into OP Units and then may be redeemed for cash equal to the then-current market value of one share of the Issuer's Class I common stock or, at the Issuer's election, for shares of the Issuer's Class I common stock on a one-for-one basis. LTIP Units do not have an expiration date.
- [F3]Reflects 159,630.501 LTIP Units previously held directly which were transferred to indirect ownership on September 1, 2021, and 50,082.259 LTIP Units previously held directly which were transferred on January 2, 2022 to indirect ownership.
- [F4]Represents LTIP Units granted to the reporting person as equity incentive compensation. The LTIP Units vested on May 7, 2021.
Documents
Issuer
Cottonwood Communities, Inc.
CIK 0001692951
Entity typeother
Related Parties
1- filerCIK 0001809877
Filing Metadata
- Form type
- 4
- Filed
- Jan 10, 7:00 PM ET
- Accepted
- Jan 11, 8:02 PM ET
- Size
- 8.5 KB