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Five Point Holdings, LLC·4

Mar 10, 9:25 PM ET

Hedigan Daniel 4

4 · Five Point Holdings, LLC · Filed Mar 10, 2026

Research Summary

AI-generated summary of this filing

Updated

Five Point (FPH) CEO Daniel Hedigan Vests RSUs; Shares Withheld

What Happened
Daniel Hedigan, President and Chief Executive Officer of Five Point Holdings, had multiple restricted share units (RSUs) settle into Class A common shares on March 8–9, 2026. A total of 688,885 RSUs vested/converted to shares. The company withheld 350,510 of those shares to satisfy tax withholding obligations, representing cash value of approximately $1,840,951. After withholding and a forfeiture, Hedigan received a net ~263,831 shares. No open-market sale by Hedigan was reported.

Key Details

  • Transaction dates: March 8, 2026 and March 9, 2026.
  • Vested/converted RSUs (aggregate): 688,885 shares.
  • Shares withheld for taxes (aggregate): 350,510 shares, comprising:
    • 37,066 withheld @ $5.44 = $201,639 (3/8/2026)
    • 50,197 withheld @ $5.23 = $262,530 (3/9/2026)
    • 100,392 withheld @ $5.23 = $525,050 (3/9/2026)
    • 162,855 withheld @ $5.23 = $851,732 (3/9/2026)
  • Forfeited/disposed to issuer: 74,544 RSUs (reported as $0) after certification of certain share-price targets.
  • Net shares received by Hedigan (after withholding and forfeiture): ~263,831 shares.
  • Filing: Reported on March 10, 2026 (transactions occurred March 8–9); filing appears timely.
  • Transaction codes explained: M = exercise/conversion of derivative (RSU settlement); F = payment of exercise price or tax liability (shares withheld). No open-market sale by the insider.

Context

  • These transactions reflect vesting and settlement of RSUs (each RSU converts to one Class A common share) from awards granted in prior years, some time-based and some performance/milestone-based. The company withheld shares to cover tax obligations—this is a common administrative step and is not the same as an insider selling stock on the open market.
  • A portion of performance-based RSUs were forfeited after certification of certain targets; forfeiture entries are shown at $0.
  • Such vesting events increase insider share ownership but do not, by themselves, indicate the insider bought or sold shares in the market.

Insider Transaction Report

Form 4
Period: 2026-03-08
Five Point Holdings, LLCFPH
Hedigan Daniel
See Remarks
Transactions
  • Exercise/Conversion

    Class A common shares

    [F1]
    2026-03-08+72,847→ 377,363 total
  • Tax Payment

    Class A common shares

    [F2]
    2026-03-08$5.44/sh−37,066$201,639→ 340,297 total
  • Exercise/Conversion

    Class A common shares

    [F1]
    2026-03-09+98,656→ 438,953 total
  • Tax Payment

    Class A common shares

    [F2]
    2026-03-09$5.23/sh−50,197$262,530→ 388,756 total
  • Exercise/Conversion

    Class A common shares

    [F3]
    2026-03-09+197,308→ 586,064 total
  • Tax Payment

    Class A common shares

    [F2]
    2026-03-09$5.23/sh−100,392$525,050→ 485,672 total
  • Exercise/Conversion

    Class A common shares

    [F4]
    2026-03-09+320,074→ 805,746 total
  • Tax Payment

    Class A common shares

    [F2]
    2026-03-09$5.23/sh−162,855$851,732→ 642,891 total
  • Exercise/Conversion

    Restricted share units

    [F5][F6]
    2026-03-08−72,847→ 2,504,183 total
    → Class A common shares (72,847 underlying)
  • Exercise/Conversion

    Restricted share units

    [F5][F7]
    2026-03-09−98,656→ 2,405,527 total
    → Class A common shares (98,656 underlying)
  • Exercise/Conversion

    Restricted share units

    [F5][F4]
    2026-03-09−320,074→ 2,085,453 total
    → Class A common shares (320,074 underlying)
  • Disposition to Issuer

    Restricted share units

    [F5][F8]
    2026-03-09−74,544→ 2,010,909 total
    → Class A common shares (74,544 underlying)
Footnotes (8)
  • [F1]Each restricted share unit is a contingent right to receive one Class A common share. This transaction represents the settlement of restricted share units in Class A common shares on their scheduled vesting date.
  • [F2]Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the settlement of restricted share units previously granted to the reporting person. No shares were sold by the reporting person.
  • [F3]Represents restricted stock units that vested on March 9, 2026 following certification of achievement of two milestone-based performance objectives.
  • [F4]Represents restricted share units that vested based upon the satisfaction of certain share price targets during the three-year performance period ending March 9, 2026.
  • [F5]Each restricted share unit is a contingent right to receive one Class A common share.
  • [F6]This award was granted on March 8, 2024. 72,847 restricted share units subject to the award vested on each of March 8, 2025 and March 8, 2026, and the remaining unvested restricted share units are scheduled to vest on March 8, 2027, assuming continued employment through the applicable vesting date.
  • [F7]This award was granted on March 9, 2023, and the award is now fully vested.
  • [F8]Represents restricted share units that were forfeited on March 9, 2026 following certification of achievement of certain share price targets.
Signature
/s/ Mike Alvarado, as attorney-in-fact|2026-03-10

Documents

1 file
  • 4
    wk-form4_1773192309.xmlPrimary

    FORM 4