Form 4: Five Point Holdings Director Michael Rossi Acquires Shares Under Incentive Plan

Director Michael Rossi acquired 26,490 Class A common shares of Five Point Holdings, LLC under the company's long-term incentive plan.

Summary

• On March 8, 2024, Michael Rossi, a director of Five Point Holdings, LLC, acquired 26,490 Class A common shares.
• The acquisition was part of the Issuer's long-term incentive plan.
• The shares were awarded as restricted shares that will vest quarterly on March 31, 2024, June 30, 2024, September 30, 2024, and December 31, 2024, contingent upon Rossi's continued service with the Issuer.
• Following the transaction, Rossi directly owns 62,364 Class A common shares and indirectly owns 58,471 shares through a trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director's participation in a long-term incentive plan, indicating confidence in the company's future performance.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.

Future Outlook

The awarded restricted shares will vest quarterly through December 31, 2024, subject to the reporting person's continued service with the Issuer.

Industry Context

This type of stock award is a common practice in corporate governance to align the interests of directors with those of the shareholders.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates