Ballew Neal 4

What Happened
Neal Ballew, Chief Accounting Officer of Omega Healthcare Investors (OHI), recorded conversions/exercises of vested derivative/partnership units and a small employee stock purchase. On 2026-06-30 he recorded the exercise/conversion of 14,862 and 5,620 Profits Interest Units (PIUs) — entries show both acquired and disposed at $0 (derivative conversion). On 2026-07-01 he purchased 168 shares under the company ESPP at $37.25/share ($6,258 total) and 11 shares were surrendered to the issuer at $47.68/share ($524) to cover tax withholding.

Key Details

• Transaction dates and prices:
  • 2026-06-30: Exercise/conversion of derivatives (M) — 14,862 and 5,620 units recorded at $0 (acquired and disposed entries).
  • 2026-07-01: ESPP purchase (A) — 168 shares @ $37.25 = $6,258.
  • 2026-07-01: Disposition to issuer (D) — 11 shares @ $47.68 = $524 (tax withholding).
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Notable footnotes:
  • F1: ESPP purchase.
  • F2: 11 shares sold to issuer to cover tax withholding on ESPP shares.
  • F3–F6: PIUs (profits interest units) vested into Operating Partnership units (OP Units) and are redeemable for cash or stock; 25% of PIUs vested each quarter in 2026 per performance cert.
• Filing timeliness: No late filing indicated in this report.

Context

• The M-coded entries reflect conversion/exercise of performance-based PIUs into OP Units (derivative interests). OP Units can be redeemed for cash equal to the fair market value of a share or for shares of OHI common stock (per partnership terms). These are vesting-related, not open-market purchases or sales by the insider.
• The ESPP purchase is a small cash purchase (a modest buy signal); the 11-share disposition is routine withholding to cover taxes and not an open-market sale.
• These transactions are routine compensation and vesting events; factual reporting helps track insider ownership changes but does not by itself indicate managerial intent.