4//SEC Filing
Haddad Louis S 4
Accession 0001569187-23-000069
CIK 0001569187other
Filed
Jun 21, 8:00 PM ET
Accepted
Jun 22, 4:41 PM ET
Size
8.6 KB
Accession
0001569187-23-000069
Insider Transaction Report
Form 4
Haddad Louis S
DirectorPresident, CEO
Transactions
- Award
Common Stock
2023-06-20+75,321→ 445,584 total
Holdings
- 5,000
6.75% Series A Preferred Stock
- 2,108,918
Common Units
→ Common Stock (2,108,918 underlying)
Footnotes (3)
- [F1]As a result of Armada Hoffler Properties, Inc. (the "Company") inadvertently issuing more shares of common stock than were available for issuance under the Armada Hoffler Properties, Inc. Amended and Restated 2013 Equity Incentive Plan (the "Plan"), on May 9, 2023, Mr. Haddad forfeited 75,321 restricted shares of common stock. As previously disclosed in Supplement No. 1 to the Company's Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on May 12, 2023, the Compensation Committee of the Board of Directors of the Company approved the issuance of 75,321 restricted shares of common stock to Mr. Haddad (the "Replacement Grant"), subject to the stockholders' approval of Amendment No. 1 to the Plan. The Company's stockholders approved Amendment No. 1 to the Plan on June 14, 2023. This transaction reflects the Replacement Grant.
- [F2]Represents a grant of restricted shares of common stock, one-third of which will vest on March 3, 2024, one-third of which will vest on March 3, 2025, and one-third of which will vest on March 3, 2026, subject to the executive's continued employment on such dates.
- [F3]Represents Class A common units of limited partnership interest ("Common Units") in Armada Hoffler, L.P., the operating partnership of Armada Hoffler Properties, Inc. (the "Company") and of which the Company is the general partner. Commencing one year from the date of issuance, each Common Unit is redeemable for cash equal to the then- current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. All Common Units in this report were issued more than one year prior to the date hereof and, therefore, may be tendered for redemption by the holder. Common Units have no expiration date.
Documents
Issuer
Armada Hoffler Properties, Inc.
CIK 0001569187
Entity typeother
Related Parties
1- filerCIK 0001575987
Filing Metadata
- Form type
- 4
- Filed
- Jun 21, 8:00 PM ET
- Accepted
- Jun 22, 4:41 PM ET
- Size
- 8.6 KB