Form 4: Greystone Housing Impact Investors Director Granted Over 5,000 Restricted Units

Greystone Housing Impact Investors LP Director Robert Keith Jacobsen was granted 5,376 restricted beneficial unit certificates, increasing his total beneficial ownership to 12,458 units.

Summary

• Robert Keith Jacobsen, a Director of Greystone Housing Impact Investors LP (GHI), acquired 5,376 beneficial unit certificates.
• The acquisition occurred on June 23, 2025, and the units were granted at a price of $0.
• These units are restricted and were granted under the Amended and Restated Greystone Housing Impact Investors LP 2015 Equity Incentive Plan.
• One-half of the acquired restricted units will vest on November 30, 2026, and the remaining half will vest on November 30, 2027.
• Following this transaction, Robert Keith Jacobsen beneficially owns a total of 12,458 beneficial unit certificates.

Sentiment

Score: 7

Explanation: The acquisition of restricted units by a director, even if granted, is generally viewed positively as it aligns management's interests with long-term shareholder value and indicates confidence in the company's future.

Positives

• A Director, Robert Keith Jacobsen, was granted 5,376 restricted units, indicating continued alignment of management interests with shareholder value.
• The grant is part of the company's 2015 Equity Incentive Plan, suggesting a structured approach to executive compensation and retention.

Risks

• No specific risks are detailed in this Form 4 filing. The inherent risk with restricted units is that their value is tied to the company's future performance, and they may not vest if certain conditions are not met.

Future Outlook

The restricted units granted to Director Robert Keith Jacobsen are scheduled to vest in two equal tranches on November 30, 2026, and November 30, 2027, aligning his future compensation with the company's long-term performance.

Industry Context

This Form 4 filing details an individual insider transaction, which is a routine disclosure for publicly traded companies. It does not provide broader industry context or trends.

Comparison to Industry Standards

• This document does not provide information for comparison to specific comparable companies, projects, or results. Insider grants of restricted units are a common form of executive compensation across various industries, aligning management incentives with shareholder interests over a vesting period.

Corporate Governance

Related Party Transactions

• The transaction involves a grant of beneficial unit certificates to a director, Robert Keith Jacobsen, which constitutes a related party transaction as it is between the company and an insider.

Stakeholder Impact

• Shareholders: The grant of restricted units to a director aligns management's long-term interests with those of shareholders, potentially fostering better performance and value creation.

Next Steps

• One-half of the restricted units are scheduled to vest on November 30, 2026.
• The remaining one-half of the restricted units are scheduled to vest on November 30, 2027.

Key Dates

Recommendation

Keywords

Greystone Housing Impact Investors LP, GHI, Form 4, SEC filing, Insider transaction, Restricted units, Equity incentive plan, Director compensation, Beneficial ownership