Ruddy Jordan B. 4
4 · Bluerock Homes Trust, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Bluerock Homes (BHM) President Ruddy Jordan Receives LTIP Award
What Happened
Ruddy Jordan, President of Bluerock Homes Trust, Inc. (BHM), received an award of 32,156 long‑term incentive plan units (LTIP Units) on April 1, 2026. This is a derivative grant (transaction code A) — no purchase price or cash value is reported in the Form 4. This is a grant/award, not a purchase or sale.
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (timely filing).
- Security: 32,156 LTIP Units in Bluerock Residential Holdings, LP (derivative of the issuer). Price: N/A.
- Shares/units owned after transaction: not disclosed in this filing.
- Footnote highlights:
- F1: LTIP Units issued to satisfy a reimbursement obligation to an affiliate; vest ratably annually over three years from April 1, 2026.
- F2: After vesting, LTIP Units may convert to Operating Partnership (OP) units once capital account parity is met; they may be redeemed for cash or, at the issuer’s option (and after a one‑year holding period), settled one‑for‑one in the issuer’s Class A common stock. The holder will receive distribution equivalents on the LTIP Units whether vested or not.
- Filing timeliness: Not marked late (transaction on Apr 1; filed Apr 3).
Context
This filing documents a deferred/derivative compensation award rather than an open‑market purchase or sale. The LTIP Units have vesting and conversion conditions, and are not immediately convertible to common stock or cash absent the stated triggers, so this does not represent an immediate market trade. Distribution equivalents will be paid as if the units were common stock holdings.
Insider Transaction Report
- Award
LTIP Units
[F1][F2]2026-04-01+32,156→ 238,808 total→ Class A Common Stock (32,156 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 annual equity incentive award payable by BREH to the Reporting Person for services provided to the Manager in the Reporting Person's capacity as President thereof. Such LTIP Units will vest ratably on an annual basis over a three-year period from April 01, 2026.
- [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.