Devin Ignatius Murphy - 31 Jan 2023 Form 4 Insider Report for Apartment Income REIT Corp.

Source evidence 5 source fields
Form type
4
Accepted by SEC
02 Feb 2023, 17:04:24 UTC
Previous filing
17 Jan 2023
Next filing
21 Feb 2023
SEC filing
View on sec.gov
Reporting owner 1 detail
Reporting owner signature
Devin Murphy

Key filing fact

Devin Ignatius Murphy filed Form 4 for Apartment Income REIT Corp. on 02 Feb 2023.

Key facts

  • This page summarizes Devin Ignatius Murphy's Form 4 filing for Apartment Income REIT Corp..
  • 1 reported transaction and 1 derivative row are listed below.
  • Accepted by SEC: 02 Feb 2023, 17:04.

Change

  • Previous filing in this sequence was filed on 17 Jan 2023.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AIRC holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
8,886
Date
31 Jan 2023
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AIRC transaction Derivative

LTIP Units of Apartment Income REIT, L.P.

Award

Transaction value
Shares
+4,250
Change %
+142%
Price
Shares after
7,250
Date
31 Jan 2023
Ownership
Direct
Underlying class
Partnership Common Units
Underlying amount
4,250
Exercise price
Footnotes
F1, F2, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Pursuant to the Seventh Amended and Restated Agreement of Limited Partnership of Apartment Income REIT, L.P. (the "Partnership Agreement"), a holder of LTIP Units has the right to convert all or a portion of such holder's vested LTIP Units into Partnership Common Units (as such term is defined in the Partnership Agreement). Pursuant to the Partnership Agreement, holders of Partnership Common Units have the right to require Apartment Income REIT, L.P. to redeem such holder's Partnership Common Units, which redemption may be for Class A Common Stock of Apartment Income REIT Corp. or a cash amount equal to the value of such shares of Class A Common Stock pursuant to the formula set forth in the Partnership Agreement. The form of currency upon redemption is determined in the sole discretion of Apartment Income REIT, L.P.

Footnote F2

The LTIP Units vest immediately.

Footnote F3

The LTIP Units do not expire.

Footnote F4

Award for director compensation; price column not applicable.

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