Weil Edward M Jr. 4
4 · National Healthcare Properties, Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
National Healthcare (NHP) Director Edward Weil Receives LTIP Award
What Happened
Edward M. Weil Jr., a director of National Healthcare Properties, Inc. (NHP), received a grant of 7,446 LTIP units on May 15, 2026. The award is recorded as a derivative grant at $0.00 per unit (transaction code A) — this is a compensation award, not a market purchase or sale.
Key Details
- Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (filed within the usual 2-business-day reporting window).
- Award: 7,446 LTIP Units; price reported: $0.00 (no cash outlay).
- Security type: LTIP Units (derivative limited partnership units of the Operating Partnership).
- Vesting: LTIP Units will vest on May 15, 2027, contingent on continued service.
- Conversion/Redemption: Upon vesting and certain events, LTIP Units convert to OP Units, which are redeemable for cash or, at the issuer’s election, one-for-one shares of issuer common stock (or cash value). LTIP Units have no expiration.
- Shares/units owned after transaction: not specified in the summary data provided in this request — see the original Form 4 for total holdings.
Context: This is a typical equity-based compensation award to a director. The units are a derivative compensation vehicle that only provide stock/cash value if and when they vest and are converted/redeemed; they do not represent immediately tradable common shares.
Insider Transaction Report
Form 4
Weil Edward M Jr.
Director
Transactions
- Award
LTIP Units
[F1][F2][F3]2026-05-15+7,446→ 19,946 total→ Common Stock (7,446 underlying)
Holdings
- 3,110
Common Stock
Footnotes (3)
- [F1]Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.
- [F2]The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.
- [F3]The LTIP Units will vest on May 15, 2027, subject to the recipient's continued service through the applicable vesting date.
Signature
/s/ Jie Chai, Attorney-in-Fact|2026-05-19