Panzer Kenneth M 4/A
4/A · Douglas Emmett Inc · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Douglas Emmett (DEI) President Kenneth Panzer Receives Award
What Happened
- Kenneth M. Panzer, President, Chief Operating Officer and a director of Douglas Emmett, Inc. (DEI), was granted 1,000,000 long-term incentive plan units ("LTIP Units") on December 15, 2025. The award is a derivative grant (no cash price paid; reported at $0) under DEI’s 2016 Omnibus Stock Incentive Plan. LTIP Units can convert one-for-one into Operating Partnership common units ("OP Units") upon vesting and satisfaction of certain gross asset value (GAV) performance criteria; OP Units may be redeemable for DEI shares or cash at the issuer’s election.
- This filing is an amendment correcting the number of LTIP Units originally reported. The grant is an award (compensation), not an open-market purchase or sale.
Key Details
- Transaction date: December 15, 2025; Form 4 amended April 10, 2026 to correct amount (original Form 4 filed Dec 17, 2025). (F2)
- Award: 1,000,000 LTIP Units reported as acquired at $0 (derivative). (F1, F4)
- Vesting: 70% vests on December 31, 2025; remaining 30% vests in equal installments on December 31 of 2026, 2027 and 2028. (F3)
- Holdings after grant (as of 12/15/2025): the corrected 1,000,000 newly granted LTIP Units plus 1,261,301 previously granted LTIP Units (total 2,261,301 LTIP Units) and 9,497,675 OP Units. (F4)
- Filing/Timeliness: This is a Form 4/A (amendment) filed 2026-04-10 to correct the earlier report filed Dec 17, 2025. The amendment indicates the originally reported number was incorrect; retailers should note the corrected holdings and that the disclosure was amended after the original filing. (F2, F4)
Context
- LTIP Units are a common form of long-term compensation for executives; they are derivative awards that typically convert into partnership units or shares only upon vesting and/or achievement of performance targets, so they do not represent immediate stock purchases or sales.
- Because OP Units may be redeemable for DEI common stock or cash at the issuer’s election, the economic value to the insider depends on future vesting, performance tests, and the issuer’s redemption choice. The large existing holdings (millions of LTIP/OP units) indicate substantial partnership-linked compensation exposure but do not, by themselves, signal a buy or sell decision.
Insider Transaction Report
Form 4/AAmended
Panzer Kenneth M
DirectorPresident and COO
Transactions
- Award
Long Term Incentive Plan Units
[F1][F2][F3][F4]2025-12-15+1,000,000→ 1,000,000 totalExp: 2035-12-31→ Common Stock (1,000,000 underlying)
Footnotes (4)
- [F1]Long term incentive plan units ("LTIP Units") in Douglas Emmett Properties, LP, a DE limited partnership (the "Operating Partnership") granted pursuant to the 2016 Omnibus Stock Incentive Plan of Douglas Emmett, Inc. ("Issuer"). Issuer is the sole stockholder of the general partner of the Operating Partnership. Upon vesting and certain additional criteria based on achievement of a specified percentage increase in Gross Asset Values of the assets of the Operating Partnership, each LTIP Unit can be converted into one partnership common unit ("OP Unit") of the Operating Partnership on a one-for-one basis. LTIP Units not converted into OP Units by the expiration date will be forfeited. Upon the occurrence of certain events, OP Units are redeemable by the holder, without consideration, for an equivalent number of shares of Issuer's common stock or for the cash value of such shares, at Issuer's election.
- [F2]This Form 4/A amends the Form 4 filed on December 17, 2025 to correct the number of LTIP Units that are subject to the compensatory equity award granted to Mr. Panzer on December 15, 2025.
- [F3]LTIP Units vest 70% on December 31, 2025. The remaining 30% of the LTIP Units vest in equal installments on December 31, 2026, 2027, and 2028.
- [F4]The corrected LTIP Units reported herein as of December 15, 2025. In addition, derivative securities owned by the Reporting Person as of December 15, 2025 include 1,261,301 LTIP Units previously granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan, and 9,497,675 OP Units.
Signature
/s/ Peter Seymour, Attorney-in-Fact for Kenneth M. Panzer|2026-04-10