OHI CFO Ballew Neal Exercises PIUs into OP Units

What Happened

• Ballew Neal, Chief Financial Officer of Omega Healthcare Investors (OHI), exercised/converted a total of 20,482 profit‑interest units (PIUs) on September 30, 2026. The filing shows two acquisitions (14,862 and 5,620 units) and matching disposals for the same amounts, all reported as derivative transactions (code M) at $0.00 per unit (no cash consideration).
• These entries reflect conversion/exercise activity involving PIUs into operating partnership units (OP Units), not an open‑market purchase or sale of OHI common stock.

Key Details

• Transaction date: 2026-09-30; Filing date: 2026-09-30 (timely).
• Units involved: 14,862 + 5,620 = 20,482 PIUs exercised/converted; reported price $0.00; total cash paid/received reported $0.
• Transaction code: M — exercise or conversion of a derivative security.
• Shares/units owned after transaction: not specified in the provided filing excerpt.
• Relevant footnotes: PIUs are contingent rights to receive OP Units upon vesting (F1). Each OP Unit is redeemable for cash equal to the fair market value of one share of OHI common stock (or for shares at the issuer’s election) and has no expiration (F2). The reported vesting reflects 25% of PIUs vesting each quarter in 2026 based on Absolute and Relative Total Shareholder Return for the 2023–2025 performance period, certified Jan 8, 2026 (F3, F4).

Context

• This was a derivative exercise/conversion (internal/plan-based vesting) rather than an open-market sale or purchase; matching acquisition and disposal entries often reflect conversion between unit types or internal adjustments, not a public sale for cash.
• For retail investors: such exercised/converted awards are routine results of compensation plans and vesting terms; they are informative about executive compensation realization but do not necessarily signal a buy/sell view by the insider.