Johnson Jennifer 4

What Happened

• Jennifer Johnson, EVP, Chief Accounting Officer and General Counsel of Apartment Investment & Management Co. (AIV), had shares disposed to satisfy tax obligations. She transferred 1,957 shares on 2026-01-31 at $5.88 each ($11,507) and 12,977 shares on 2026-02-01 at $5.88 each ($76,305), for a combined 14,934 shares and $87,812. The transactions are reported with transaction code F (payment of exercise price or tax liability), indicating shares were withheld/disposed to cover taxes rather than an open-market sale for investment purposes.

Key Details

• Transaction dates and prices:
  • 2026-01-31: 1,957 shares @ $5.88 = $11,507
  • 2026-02-01: 12,977 shares @ $5.88 = $76,305
• Total disposed: 14,934 shares for $87,812.
• Transaction code: F — payment of exercise price or tax liability (share withholding to cover taxes).
• Filing: Form 4 filed 2026-02-02 (appears to be timely based on reported transaction dates).
• Shares owned after transaction: not provided in the supplied summary—see the full Form 4 for beneficial ownership details.

Context

• Code F typically reflects automatic withholding of shares to meet tax obligations arising from option exercises or restricted stock vesting (a cashless or share-for-tax withholding), not an independent decision to sell shares for liquidity or profit. Such withholdings are routine and generally carry less informational weight than open-market purchases or voluntary sales.