Johnson Jennifer 4

What Happened
Jennifer Johnson, EVP, CAO and General Counsel of Apartment Investment & Management Co. (AIV), was granted 35,904 shares on 2026-01-28 as part of a 2023 long-term incentive award (transaction code A; price N/A). To satisfy tax withholding obligations related to the award, 2,283 shares were withheld/disposed at $5.85 per share on the same date, resulting in $13,356 withheld (transaction code F). The grant’s price is not applicable because receipt is subject to performance criteria and vesting.

Key Details

• Transaction date: 2026-01-28 (filed 2026-01-29 — timely filing).
• Award: 35,904 shares granted (price column N/A).
• Tax withholding: 2,283 shares withheld at $5.85/share for $13,356.
• Shares owned after the transactions: not disclosed in the filing.
• Footnote: Award approved by the Compensation and Human Resources Committee as part of 2023 LTIP; receipt depends on total shareholder return vs. specified indices; shares vest 100% on Feb 1, 2026.
• Codes: A = award/grant; F = shares withheld to satisfy tax liability.

Context
This was a compensation-related grant, not an open-market purchase or sale; tax-withholding disposals are routine and reflect withholding to meet payroll/tax obligations rather than a market-sale decision. The grant’s ultimate value depends on future vesting (TSR performance) and forthcoming vesting on Feb 1, 2026.