Form 4: Greystone Housing Impact Investors LP: CFO Jesse A. Coury Reports Acquisition of Beneficial Unit Certificates
SEC Form 4
Chief Financial Officer Jesse A. Coury reports the acquisition of Beneficial Unit Certificates in Greystone Housing Impact Investors LP, including restricted units and supplemental distributions.
Summary
- Jesse A. Coury, CFO of Greystone Housing Impact Investors LP, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of 20,376 Beneficial Unit Certificates (BUCs) on February 25, 2025, granted as restricted units under the 2015 Equity Incentive Plan.
- These restricted units vest in three equal installments on November 30, 2025, 2026, and 2027.
- Additionally, Coury received 157 BUCs as a result of a supplemental distribution declared on March 13, 2024, payable to holders of record on March 28, 2024, at a ratio of 0.00417 BUCs per outstanding BUC.
- Following these transactions, Coury directly owns 95,040 BUCs.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The filing reflects standard compensation practices and a supplemental distribution, both of which are generally viewed favorably.
Positives
- The acquisition of restricted units aligns the CFO's interests with the long-term performance of the company.
- The supplemental distribution provides additional value to all BUC holders.
Future Outlook
The vesting schedule of the restricted units extends to November 2027, indicating a multi-year alignment of the CFO's interests with the company's performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The supplemental distribution benefits all holders of Beneficial Unit Certificates.
- The vesting schedule of restricted units aligns the CFO's interests with those of long-term shareholders.
Key Dates
| Date | Description |
|---|---|
| 2024-03-13 | GHI Board declared a supplemental distribution payable in the form of additional Beneficial Unit Certificates. |
| 2024-03-28 | Record date for the supplemental distribution of Beneficial Unit Certificates. |
| 2024-04-30 | Reporting person received 157 BUCs via Direct ownership as of this date. |
| 2025-02-25 | Date of transaction: Acquisition of Beneficial Unit Certificates. |
| 2025-11-30 | First vesting date for one-third of the restricted units. |
| 2026-11-30 | Second vesting date for one-third of the restricted units. |
| 2027-11-30 | Final vesting date for one-third of the restricted units. |
Keywords
Beneficial Unit Certificates, GHI, Greystone Housing Impact Investors LP, Form 4, Jesse A. Coury, CFO, Equity Incentive Plan, Restricted Units, Supplemental Distribution
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