4//SEC Filing
KIRK A RUSSELL 4
Accession 0001569187-25-000037
CIK 0001569187other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 3:23 PM ET
Size
15.0 KB
Accession
0001569187-25-000037
Insider Transaction Report
Form 4
KIRK A RUSSELL
Director
Transactions
- Purchase
Common Stock
2025-03-17$7.64/sh+30,000$229,170→ 49,430 total - Purchase
Common Stock
2025-03-18$7.65/sh+10,000$76,460→ 59,430 total
Holdings
- 39,347(indirect: By Spouse)
Common Units
→ Common Stock (39,347 underlying) - 9,626
Time-Based LTIP Units
→ Common Stock (9,626 underlying) - 49,320.62(indirect: By Spouse)
Common Stock
- 1,235,394
Common Units
→ Common Stock (1,235,394 underlying) - 91(indirect: By Partnership)
Common Units
→ Common Stock (91 underlying)
Footnotes (6)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.635 to $7.656, inclusive. The Reporting Person undertakes to provide to Armada Hoffler Properties, Inc. (the "Company"), any security holder of Armada Hoffler Properties, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4.
- [F2]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [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]Represents Mr. Kirk's pecuniary interest in Common Units held by a limited partnership.
- [F6]Represents Time-Based LTIP Units in the Operating Partnership ("Time-Based LTIP Units"). Under the limited partnership agreement of the Operating Partnership (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 in the Operating Partnership 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 0001196084
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 3:23 PM ET
- Size
- 15.0 KB