4//SEC Filing
DiFranco Michael 4
Accession 0001104659-23-115305
CIK 0001903382other
Filed
Nov 6, 7:00 PM ET
Accepted
Nov 7, 5:00 PM ET
Size
10.3 KB
Accession
0001104659-23-115305
Insider Transaction Report
Form 4
DiFranco Michael
Executive VP, Operations
Transactions
- Award
LTIP Units
2023-11-03+32,037→ 32,037 total→ Class A Common Stock (32,037 underlying) - Award
LTIP Units
2023-11-03+3,706→ 35,743 total→ Class A Common Stock (3,706 underlying)
Footnotes (4)
- [F1]Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. The LTIP Units were issued, at the direction of Bluerock Homes Manager, LLC (the "Manager"), in satisfaction of the Manager's reimbursement obligation to its affiliate, Bluerock Real Estate Holdings, LLC ("BREH"), for the portion of the initial staking grant payable by BREH to the Reporting Person for services provided to the Manager in the Reporting Person's capacity as Executive VP, Operations thereof. Such LTIP Units will vest one-fifth on November 3, 2023, and the remainder will vest ratably on an annual basis over a four-year period.
- [F2]Once vested, these LTIP Units may convert to limited partnership interests of the Operating Partnership ("OP Units") upon reaching capital account equivalency with the OP Units held by the Issuer, and may then be redeemed for cash or, at the option of the Issuer and after a one year holding period (including any period during which the LTIP Units were held), settled in shares of the Issuer's Class A common stock on a one-for-one basis. The Reporting Person will be entitled to receive "distribution equivalents" with respect to such LTIP Units, whether or not vested, at the same time as distributions are paid to the holders of the Issuer's Class A common stock.
- [F3]Represents LTIP Units issued at the direction of the Manager, in satisfaction of the Manager's reimbursement obligation to BREH for the portion of the annual equity incentive award payable by BREH to the Reporting Person for services provided to the Manager in the Reporting Person's capacity as Executive VP, Operations thereof. Such LTIP Units will vest one-third on May 25, 2024, and the remainder will vest ratably on an annual basis over a two-year period from April 1, 2024.
- [F4]Once vested, these LTIP Units may convert to OP Units upon reaching capital account equivalency with the OP Units held by the Issuer, and may then be redeemed for cash or, at the option of the Issuer and after a one year holding period (including any period during which the LTIP Units were held), settled in shares of the Issuer's Class A common stock on a one-for-one basis. The Reporting Person will be entitled to receive "distribution equivalents" with respect to such LTIP Units, whether or not vested, at the same time as distributions are paid to the holders of the Issuer's Class A common stock.
Documents
Issuer
Bluerock Homes Trust, Inc.
CIK 0001903382
Entity typeother
Related Parties
1- filerCIK 0001773279
Filing Metadata
- Form type
- 4
- Filed
- Nov 6, 7:00 PM ET
- Accepted
- Nov 7, 5:00 PM ET
- Size
- 10.3 KB