Allen George F 4
4 · Armada Hoffler Properties, Inc. · Filed Mar 14, 2024
Insider Transaction Report
Form 4
Allen George F
Director
Transactions
- Purchase
Common Stock
2024-03-12$10.64/sh+1,716$18,258→ 28,724 total
Holdings
- 4,645
LTIP Units
→ Common Stock (4,645 underlying) - 2,000
6.75% Series A Preferred Stock
Footnotes (1)
- [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.