KREIDER LAWRENCE E 4
4 · Clipper Realty Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Clipper Realty (CLPR) CFO Lawrence Kreider Receives LTIP Award
What Happened
Lawrence E. Kreider, Chief Financial Officer of Clipper Realty Inc. (CLPR), was granted 71,686 long-term incentive plan units (LTIP Units) on February 24, 2026. The units were awarded at $0.00 per unit (derivative award), so there was no cash paid. These LTIP Units convert into an equivalent number of Operating Partnership units (OP Units) upon vesting; OP Units are redeemable for cash equal to the Company’s common stock price or, at the Company’s election, one share of common stock.
Key Details
- Transaction date: 2026-02-24; Transaction type: Award/Grant (code A); Price reported: $0.00 per unit.
- Units granted: 71,686 LTIP Units (derivative award). Reported total value: $0 (derivative).
- Vesting: LTIP Units will vest in full on January 1, 2029 (per footnote). Conversion/redemption rights have no expiration.
- Shares/units owned after transaction: not disclosed in the provided filing excerpt.
- Filing: Form 4 filed on 2026-02-26 (appears timely based on the reported transaction date).
- Footnotes: F1 explains LTIP Units convert to OP Units which are redeemable for cash or stock; F2 notes full vesting date and that conversion/redemption rights do not expire.
Context: This was an equity award (long-term incentive), not an open-market purchase or sale. Such grants are a compensation mechanism that vests in the future and do not represent an immediate buy/sell market signal. The award is a derivative grant that becomes economically meaningful upon vesting and conversion/redeeming.
Insider Transaction Report
- Award
Long Term Incentive Plan Units
[F1][F2]2026-02-24+71,686→ 382,214 total→ Common Stock (71,686 underlying)
Footnotes (2)
- [F1]Represents long term incentive plan units ("LTIP Units"), a class of units of Clipper Realty L.P. (the "Operating Partnership"), a direct subsidiary of Clipper Realty Inc. (the "Company"). The LTIP Units are convertible by the reporting person, upon the vesting date, into an equivalent number of units of limited partnership units ("OP Units") of the Operating Partnership. Each OP Unit is redeemable at the request of the holder for cash in an amount equal to the price of a share of common stock of the Company or, at the election of the Company, one share of its common stock.
- [F2]The LTIP Units will vest in full on January 1, 2029. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.