Form 4: Five Point Holdings Officer Greg McWilliams Reports Share Transactions
SEC Form 4 Filing
Greg McWilliams, Chief Policy Officer and Vice President of Five Point Holdings, reports the vesting and settlement of restricted share units, along with associated tax withholding.
Summary
- On March 8, 2025, Greg McWilliams settled 49,668 restricted share units into Class A common shares.
- Shares were withheld to cover tax obligations related to the settlement, with a price of $5.78 per share, resulting in 25,222 shares being withheld.
- Following these transactions, McWilliams directly owns 300,470 Class A common shares and indirectly owns 226,232 shares through a trust.
- On March 9, 2025, McWilliams settled 67,264 restricted share units into Class A common shares.
- Shares were withheld to cover tax obligations related to the settlement, with a price of $5.78 per share, resulting in 34,157 shares being withheld.
- Following these transactions, McWilliams directly owns 333,577 Class A common shares.
Sentiment
Score: 5
Explanation: This is a neutral report on routine transactions related to executive compensation. It doesn't indicate positive or negative performance for the company.
Future Outlook
The remaining unvested restricted share units are scheduled to vest on March 8, 2026 and March 8, 2027 (for the award granted on March 8, 2024) and on March 9, 2026 (for the award granted on March 9, 2023), assuming continued employment.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions affect the officer's ownership stake in the company.
- Tax withholding impacts the company's cash flow.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of grant for 49,668 restricted share units, vesting in installments. |
| 03/09/2023 | Date of grant for 67,264 restricted share units, vesting in installments. |
| 03/08/2025 | Settlement of 49,668 restricted share units and tax withholding. |
| 03/09/2025 | Settlement of 67,264 restricted share units and tax withholding. |
| 03/11/2025 | Date of Form 4 filing. |
| 03/08/2026 | Scheduled vesting date for remaining restricted share units from the March 8, 2024 grant. |
| 03/09/2026 | Scheduled vesting date for remaining restricted share units from the March 9, 2023 grant. |
| 03/08/2027 | Scheduled vesting date for remaining restricted share units from the March 8, 2024 grant. |
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