Hedigan Daniel 4

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.