4//SEC Filing
MacDonald Ryan S 4
Accession 0001104659-23-115308
CIK 0001903382other
Filed
Nov 6, 7:00 PM ET
Accepted
Nov 7, 5:01 PM ET
Size
6.9 KB
Accession
0001104659-23-115308
Insider Transaction Report
Form 4
MacDonald Ryan S
Chief Investment Officer
Transactions
- Award
LTIP Units
2023-11-03+81,160→ 81,160 total→ Class A Common Stock (81,160 underlying)
Footnotes (2)
- [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 Chief Investment Officer 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.
Documents
Issuer
Bluerock Homes Trust, Inc.
CIK 0001903382
Entity typeother
Related Parties
1- filerCIK 0001722524
Filing Metadata
- Form type
- 4
- Filed
- Nov 6, 7:00 PM ET
- Accepted
- Nov 7, 5:01 PM ET
- Size
- 6.9 KB