Haddad Louis S 4
4 · Armada Hoffler Properties, Inc. · Filed Mar 13, 2024
Insider Transaction Report
Form 4
Haddad Louis S
DirectorPresident, CEO
Transactions
- Tax Payment
Common Stock
2024-03-11$10.62/sh−17,021$180,763→ 509,322 total - Award
Common Stock
2024-03-11+100,475→ 526,343 total
Holdings
- 5,000
6.75% Series A Preferred Stock
- 2,108,918
Common Units
→ Common Stock (2,108,918 underlying)
Footnotes (3)
- [F1]Represents a grant of restricted shares of common stock, 40% of which vested on the grant date, 20% of which will vest on the first anniversary of the grant date, 20% of which will vest on the second anniversary of the grant date and 20% of which will vest on the third anniversary of the grant date, subject to the executive's continued employment on such dates.
- [F2]Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted shares of common stock.
- [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.