AH Realty Trust (AHRT) Director Theodore Bigman Receives Award

What Happened Theodore Bigman, a director of AH Realty Trust, received a grant of 2,317 Time‑Based LTIP Units in AH Realty Trust, LP on 2026-09-15. The award is reported at a unit price of $6.47, for a total value of $14,996, and was issued in lieu of a portion of his cash retainer. Transaction code: A (award/grant).

Key Details

• Transaction date and price: 2026-09-15 at $6.47 per unit; total reported value $14,996.
• Instrument: Time‑Based LTIP Units in the Operating Partnership (see footnotes F2/F3).
• Conversion/vesting rules (F2): LTIP Units are convertible into Common Units at the holder’s option; except for a Change of Control, conversion to Common Units is not permitted until two years after the grant. Time‑Based LTIP Units have no expiration.
• Common Unit treatment (F3): Each Common Unit is redeemable for cash equal to the then‑current market value of one share of AHRT common stock or, at the company’s election, one share of common stock.
• Compensation detail (F1): These units were issued to the director in lieu of a portion of his cash retainer.
• Filing timeliness: Form 4 filed 2026-09-16 for a 2026-09-15 transaction — appears to have been filed promptly (not reported as late).
• Shares owned after transaction: Not specified in the provided excerpt; consult the full Form 4 for total beneficial ownership information.

Context This was an award of LTIP units as part of director compensation, not an open-market purchase or sale. Time‑based LTIP Units are a form of deferred/contingent compensation that can convert into partnership Common Units (and indirectly into cash or shares) subject to vesting and conversion timing rules, so they do not represent immediate sale or additional liquid stock until converted or redeemed.