Equity grant gives National Healthcare (NHP) director 12,500 LTIP units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weil Edward M Jr. reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Edward M. Weil Jr. received a grant of 12,500 LTIP Units on April 30, 2026. These LTIP Units are a class of limited partnership units in National Healthcare Properties Operating Partnership, L.P. and are convertible into an equivalent number of OP Units.
OP Units are redeemable for cash or, at the issuer’s election, for shares of common stock on a one-for-one basis or the cash value of such shares. The LTIP Units vest in 25% increments on each of the first four anniversaries of the grant date, subject to continued service, and LTIP Units do not have expiration dates. Following the reported transactions, Weil directly holds 3,110 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Weil Edward M Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 12,500 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
LTIP Units — 12,500 shares (Direct, null);
Common Stock — 3,110 shares (Direct, null)
Footnotes (1)
- 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. The LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to the recipient's continued service through the applicable vesting date. The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.
Key Figures
LTIP Units granted: 12,500 LTIP Units
Common shares held: 3,110 shares
Vesting rate: 25% per year
+1 more
4 metrics
LTIP Units granted
12,500 LTIP Units
Grant to director Edward M. Weil Jr. on April 30, 2026
Common shares held
3,110 shares
Direct NHP common stock holding after reported transactions
Vesting rate
25% per year
LTIP Units vest on each of first four anniversaries of April 30, 2026
Conversion ratio
1:1
OP Units redeemable for cash or one NHP share (or cash value) per unit
Key Terms
LTIP Units, OP Units, National Healthcare Properties Operating Partnership, L.P., vesting
4 terms
LTIP Units financial
"Following the occurrence of certain events and upon vesting, the LTIP Units are convertible..."
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
OP Units financial
"LTIP Units are convertible by National Healthcare Properties, Inc. into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units")."
OP units are ownership stakes in an operating partnership that sits beneath a public parent company, commonly used by real estate and energy firms to hold assets and distributions. Think of them like special shares in a subsidiary: they give economic rights to profits and cash payouts but are structured differently from the parent’s common stock, so investors watch OP unit issuance because it can change the effective ownership, future distributions, and potential dilution of the parent company’s equity.
National Healthcare Properties Operating Partnership, L.P. financial
"The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P."
vesting financial
"The LTIP Units will vest in 25% increments on each of the first four anniversaries..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Edward M. Weil Jr. report in this Form 4 for NHP?
Edward M. Weil Jr., a director of National Healthcare Properties, Inc. (NHP), reported receiving a grant of 12,500 LTIP Units. These LTIP Units relate to the company’s operating partnership and can ultimately be settled in cash or common stock, subject to conditions.
How many LTIP Units were granted to the NHP director?
The director received a grant of 12,500 LTIP Units. These units are limited partnership interests in National Healthcare Properties Operating Partnership, L.P. and are designed to convert into OP Units, which can then be redeemed for cash or an equivalent number of NHP common shares or their cash value.
What is the vesting schedule for the 12,500 LTIP Units at NHP?
The 12,500 LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date. Vesting is conditioned on the recipient’s continued service with National Healthcare Properties, Inc. through each applicable vesting date.
How can the LTIP Units reported by NHP’s director be converted or redeemed?
After certain events and vesting, the LTIP Units are convertible into an equivalent number of OP Units. Those OP Units are redeemable by the reporting person for cash or, at the issuer’s election, for NHP common stock on a one-for-one basis or the cash value of such shares.
Does the LTIP Unit grant for NHP’s director have an expiration date?
The filing states that LTIP Units do not have expiration dates. Instead, they become convertible following specified events and vesting, then can turn into OP Units and ultimately be redeemed for cash or common stock, subject to the terms described.