Powell Wesley William 4

What Happened

• Wesley W. Powell, President, CEO and Director of Apartment Investment & Management Co. (AIV), was granted a performance-based stock award of 215,420 shares reported on 2026-01-28. The grant is shown as an award (code A); the price column is not applicable for the award. To satisfy tax withholding, 10,569 shares were surrendered (disposition, code F) at $5.85 per share for a withholding value of $61,829. The filing also reports a small acquisition of 19 shares on 2025-10-16 (code L) at $5.55 ($105).

Key Details

• Grant date: 2026-01-28 — 215,420 shares (award, price N/A; reported as acquisition)
• Tax withholding: 2026-01-28 — 10,569 shares withheld at $5.85 = $61,829 (disposition, code F)
• Earlier small purchase: 2025-10-16 — 19 shares at $5.55 = $105 (code L)
• Shares owned after transaction: not specified in the filing
• Footnote: Award approved by the Compensation & Human Resources Committee as part of 2023 long-term incentive compensation; receipt was subject to total shareholder return (TSR) performance vs. specified indices and the shares vest 100% on Feb 1, 2026 (footnote F1).
• Filing timing: Form filed Jan 29, 2026 reporting the Jan 28, 2026 activity; no late-filing flag noted in the filing.

Context

• The large line-item here is a performance-based stock award (not an open-market purchase or sale). The 10,569-share disposition reflects withholding to cover tax obligations — a routine transaction that is not the same as an open-market sale. The award vests subject to TSR criteria and is scheduled to vest fully on Feb 1, 2026 per the footnote.