AH Realty (AHRT) Director James A. Carroll Receives 941-Unit Award

What Happened

• James A. Carroll, a director of AH Realty Trust, Inc. (AHRT), was granted 941 units on 2026-09-15 at a reported value of $6.47 per unit, totaling $6,090. The transaction is reported as an award/grant (code A) issued in lieu of a portion of his cash retainer.

Key Details

• Transaction date and value: 2026-09-15; 941 units × $6.47 = $6,090.
• Transaction type: Award of Time-Based LTIP Units (derivative units in the operating partnership), not an open-market purchase or sale.
• Shares/units owned after transaction: Not disclosed in this Form 4.
• Filing date: 2026-09-16 for a 2026-09-15 grant — appears timely based on the filing and report dates.
• Footnotes of note:
  • F1: Units issued in lieu of a portion of director cash retainer.
  • F2: These are Time-Based LTIP Units in the Operating Partnership; they are convertible into Common Units but generally may not be converted until two years after grant (except on a Change of Control).
  • F3/F4: Common Units can be redeemed for cash equal to the market value of one share of AHRT common stock (or, at the company's election, for one share). Common Units have no expiration and may be tendered for redemption.

Context

• This award is a compensation-related grant rather than a market purchase, so it reflects routine director compensation rather than a direct trading signal. Time-Based LTIP Units are derivative awards that can become common units later (subject to vesting/conversion restrictions); they are not immediately tradable AHRT common stock.