4//SEC Filing
Apperson Eric E. 4
Accession 0001569187-25-000025
CIK 0001569187other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 4:48 PM ET
Size
11.3 KB
Accession
0001569187-25-000025
Insider Transaction Report
Form 4
Apperson Eric E.
Vice President
Transactions
- Award
Common Stock
2025-03-03+34,900→ 68,766.814 total - Tax Payment
Common Stock
2025-03-03$9.18/sh−9,282$85,209→ 59,484.814 total
Holdings
- 255,124
Common Units
→ Common Stock (255,124 underlying) - 30,864
Time-Based LTIP Units
→ Common Stock (30,864 underlying)
Footnotes (6)
- [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 Armada Hoffler Properties, Inc. (the "Company") to satisfy tax withholding obligations in connection with the vesting of restricted shares of common stock.
- [F3]Represents common units of limited partnership interest ("Common Units") in Armada Hoffler, L.P. (the "Operating Partnership"), the operating partnership of the Company, and of which the Company is the general partner. All Common Units reflected in this report were issued more than one year prior to the date hereof and, therefore, may be tendered for redemption by the holder.
- [F4]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. Common Units have no expiration date.
- [F5]On February 13th, 2025, the agreement of limited partnership of the Operating Partnership (the "OP Agreement") was amended, which amendment renamed existing "LTIP Units" as "Time-Based LTIP Units".
- [F6]Represents Time-Based LTIP Units in the Operating Partnership ("Time-Based LTIP Units"). Under the OP Agreement and subject to conditions set forth in the OP Agreement, following the date on which the Time-Based LTIP Units vest, Time-Based LTIP Units are convertible into Common Units at the holder's option. Under the award agreement pursuant to which the Time-Based LTIP Units were granted to the Reporting Person, except in connection with a Change of Control (as defined in the OP Agreement), the Time-Based LTIP Units may not be converted to Common Units until two years following the date of grant. Time-Based LTIP Units have no expiration date.
Documents
Issuer
Armada Hoffler Properties, Inc.
CIK 0001569187
Entity typeother
Related Parties
1- filerCIK 0001575963
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 4:48 PM ET
- Size
- 11.3 KB