Kaplan Jordan L 4/A
4/A · Douglas Emmett Inc · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Douglas Emmett (DEI) CEO Jordan Kaplan Receives 1,000,000 LTIP Units
What Happened
- Jordan L. Kaplan, Chairman and CEO (also a director) of Douglas Emmett, was granted 1,000,000 long-term incentive plan units (LTIP Units) on December 15, 2025. The award was reported as a compensatory derivative grant at $0.00 per unit (no cash paid).
- After this grant, the filing reports Kaplan’s derivative holdings as 2,261,301 LTIP Units in total (1,000,000 new + 1,261,301 previously granted) and 10,092,357 operating partnership (OP) units.
Key Details
- Transaction date: 2025-12-15; Form 4/A (amendment) filed 2026-04-10 to correct the number of LTIP Units (original Form 4 filed 12/17/2025).
- Price: $0.00 (award/grant — no purchase price).
- Holdings after transaction: 2,261,301 LTIP Units and 10,092,357 OP Units (derivative securities).
- Vesting: 70% vests on 12/31/2025; remaining 30% vests in equal installments on 12/31/2026, 12/31/2027, and 12/31/2028 (per filing).
- Footnotes: LTIP Units convert one-for-one into OP Units upon vesting and satisfaction of Gross Asset Value criteria; OP Units are redeemable for Issuer common shares or cash at the issuer’s election. The filing amends the prior Form 4 to correct the reported LTIP Unit amount.
Context
- This is a compensatory equity award (A = Award/Grant), not a market purchase or sale, and does not by itself indicate insider buying or selling intent. The units are subject to vesting and performance/convertibility conditions; conversion to OP Units and ultimate redemption into common shares (or cash) is governed by plan terms.
Insider Transaction Report
Form 4/AAmended
Kaplan Jordan L
DirectorChairman and CEO
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. Kaplan 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 the Issuer's 2016 Omnibus Stock Incentive Plan, and 10,092,357 OP Units.
Signature
/s/ Peter Seymour, Attorney-in-Fact for Jordan L. Kaplan|2026-04-10