Ivanhoe Robert Jay 4
4 · Clipper Realty Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Clipper Realty (CLPR) Director Ivanhoe Robert Jay Receives LTIP Units
What Happened
- Ivanhoe Robert Jay, a director of Clipper Realty Inc. (CLPR), was granted 7,961 long-term incentive plan units ("LTIP Units") on 2026-02-26. The award was reported as a derivative grant (transaction code A) at $0.00 per unit (no cash paid at grant). This is a compensation award, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-26; reported on the same date (timely filing).
- Grant: 7,961 LTIP Units; reported price $0.00; total cash exchanged at grant = $0.
- Vesting: LTIP Units vest 25% on each of March 31, 2026; June 30, 2026; September 30, 2026; and December 31, 2026 (per footnote).
- Conversion/redeem rights: LTIP Units are convertible upon vesting into Operating Partnership units ("OP Units"), which are redeemable for cash equal to a share price or, at the Company's election, one share of common stock. The rights to convert/redeem have no expiration (per footnote).
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: filed same day as the transaction (no late filing indicated).
Context
- LTIP Units are a form of equity compensation tied to the company's operating partnership; they are derivative awards that become economically realizable only upon vesting and any subsequent conversion/redeem election. Because this was a grant (not a market purchase or sale), it reflects compensation rather than an immediate signal of buying/selling conviction.
Insider Transaction Report
Form 4
Ivanhoe Robert Jay
Director
Transactions
- Award
Long Term Incentive Plan Units
[F1][F2]2026-02-26+7,961→ 34,960 total→ Common Stock (7,961 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 25% on each of March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.
Signature
/s/ Robert Ivanhoe|2026-02-26