Form 4: Five Point Holdings Executive Greg McWilliams Reports Share Transactions

Greg McWilliams, Chief Policy Officer and Vice President at Five Point Holdings, reports the acquisition and disposal of Class A common shares and restricted share units.

Summary

• On March 9, 2024, Greg McWilliams acquired 67,264 Class A common shares through the settlement of restricted share units.
• On the same day, 34,090 shares were withheld by the company to cover tax obligations at a price of $3.02 per share.
• Following these transactions, McWilliams directly owns 276,024 Class A common shares and indirectly owns 226,232 shares through a trust.
• McWilliams also holds a significant number of restricted share units, including 149,006 units vesting over three years starting March 8, 2025, and 198,675 performance-based units vesting by February 28, 2027.
• 67,264 restricted share units vested on March 9, 2024, with the remaining units vesting on March 9, 2025, and March 9, 2026, contingent upon continued employment.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing share transactions by an executive, with no inherently positive or negative implications for the company's overall prospects.

Future Outlook

The reporting person holds restricted share units that will vest over the next three years, subject to continued service and, in some cases, the achievement of performance targets.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
• The vesting of restricted share units incentivizes the executive to remain with the company and work towards achieving performance targets, potentially benefiting shareholders.

Key Dates