4//SEC Filing
Tibbetts Shawn J 4
Accession 0001569187-24-000025
CIK 0001569187other
Filed
Mar 12, 8:00 PM ET
Accepted
Mar 13, 5:16 PM ET
Size
7.4 KB
Accession
0001569187-24-000025
Insider Transaction Report
Form 4
Tibbetts Shawn J
DirectorCEO and President
Transactions
- Award
LTIP Units
2024-03-11+68,851→ 68,851 total→ Common Stock (68,851 underlying)
Holdings
- 75,185
Common Stock
Footnotes (2)
- [F1]Represents LTIP Units ("LTIP Units") in Armada Hoffler, L.P. (the "Partnership"), the operating partnership of Armada Hoffler Properties, Inc. (the "Company"). Under the limited partnership agreement of the Partnership (the "OP Agreement") and subject to conditions set forth in the OP Agreement, upon vesting of LTIP Units, LTIP Units are convertible into Class A common units of limited partnership interest ("Common Units") in the Partnership at the holder's option. Under the LTIP Unit award agreement, except in connection with a Change of Control (as defined in the OP Agreement), the LTIP Units may not be converted to Common Units until two years following the date of grant. 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. Neither LTIP Units nor Common Units have an expiration date.
- [F2]Represents a grant of unvested LTIP Units, 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.
Documents
Issuer
Armada Hoffler Properties, Inc.
CIK 0001569187
Entity typeother
Related Parties
1- filerCIK 0001805948
Filing Metadata
- Form type
- 4
- Filed
- Mar 12, 8:00 PM ET
- Accepted
- Mar 13, 5:16 PM ET
- Size
- 7.4 KB