4//SEC Filing
Christensen Gregg 4
Accession 0001209191-23-002758
CIK 0001692951other
Filed
Jan 9, 7:00 PM ET
Accepted
Jan 10, 3:52 PM ET
Size
8.8 KB
Accession
0001209191-23-002758
Insider Transaction Report
Form 4
Christensen Gregg
See Remarks
Transactions
- Award
LTIP Units
2023-01-06+6,739.353→ 101,695.47 total→ Class I Common Stock, par value $0.01 per share (6,739.353 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 (5)
- [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 6, 2023 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, 2024, 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 ("CROP Units") for all purposes. If such parity is reached, non-forfeitable LTIP Units automatically convert into CROP Units. CROP Units may be redeemed for cash equal to the net asset value ("NAV") per share, determined pursuant to valuation procedures adopted by the Issuer's board of directors, 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 the aggregate number of LTIP Units currently held directly by the reporting person, and includes LTIP Units which automatically converted to CROP Units. See footnote 2 discussing the conversion of the LTIP Units.
- [F4]Represents LTIP Units granted to the reporting person as equity incentive compensation. The LTIP Units vested on May 7, 2021.
- [F5]Reflects the aggregate number of LTIP Units currently held indirectly by the reporting person, and includes LTIP Units which automatically converted to CROP Units. See footnote 2 discussing the conversion of the LTIP Units.
Documents
Issuer
Cottonwood Communities, Inc.
CIK 0001692951
Entity typeother
Related Parties
1- filerCIK 0001809877
Filing Metadata
- Form type
- 4
- Filed
- Jan 9, 7:00 PM ET
- Accepted
- Jan 10, 3:52 PM ET
- Size
- 8.8 KB