HILL BARBARA B 4
4 · OMEGA HEALTHCARE INVESTORS INC · Filed Jun 11, 2024
Insider Transaction Report
Form 4
HILL BARBARA B
Director
Transactions
- Exercise/Conversion
OP Units
2024-06-07+8,087→ 28,122 total→ Common Stock (8,087 underlying) - Exercise/Conversion
Profits Interest Units
2024-06-07−8,087→ 13,872 total→ OP Units (8,087 underlying) - Award
Profits Interest Units
2024-06-07+7,472→ 21,959 total→ OP Units (7,472 underlying)
Footnotes (6)
- [F1]Represents Profits Interest Units ("PIUs") in OHI Healthcare Properties Limited Partnership (the "Operating Partnership"), of which the Issuer is the general partner. Each PIU represents a contingent right to receive one unit of limited partnership interest (an "OP Unit") in the Operating Partnership upon vesting and the satisfaction of certain tax-driven economic requirements.
- [F2]Each OP Unit is redeemable at the election of the holder for cash equal to the then fair market value of one share of Issuer common stock, or at the Issuer's election, one share of Issuer's common stock, subject to adjustment as set forth in the partnership agreement. OP Units do not expire.
- [F3]Represents the annual grant of stock the reporting person election to receive as Profits Interest Units.
- [F4]100% of the reporting person's PIUs granted on June 7, 2024 will vest on the date of the Company's 2025 Annual Meeting of Shareholders, subject to continued service.
- [F5]Includes 6,400 vested PIUs which can be converted to OP units if certain tax-related conditions are met.
- [F6]100% of the reporting person's PIUs granted on June 5, 2023 vested and converted into OP Units on June 7, 2024.