Form 4: Five Point Holdings Officer Kim Tobler Acquires Restricted Share Units

Kim Tobler, CFO, Treasurer, and VP of Five Point Holdings, acquired restricted share units that will vest over time and based on performance.

Summary

• Kim Tobler, a reporting person and officer (Chief Financial Officer, Treasurer and Vice President) of Five Point Holdings, LLC, filed a Form 4.
• The form reports changes in beneficial ownership of securities.
• On April 8, 2025, Tobler acquired 99,064 restricted share units, which are a contingent right to receive Class A common shares.
• These restricted share units will vest in equal installments over three years on April 8, 2026, April 8, 2027 and April 8, 2028, subject to continued service.
• Also on April 8, 2025, Tobler acquired 231,150 restricted share units that will vest based upon the satisfaction of certain share price targets during the performance period ending February 28, 2028.
• Following these transactions, Tobler beneficially owns 548,757 Class A common shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The vesting of the restricted share units is contingent upon continued service and the achievement of certain share price targets.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of restricted share units aligns management's interests with those of shareholders.
• The vesting conditions based on share price targets could incentivize management to improve company performance.

Key Dates

Keywords

Form 4, restricted share units, beneficial ownership, Five Point Holdings, Kim Tobler, FPH, Officer