Louis S. Haddad - 03 Mar 2022 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role: President, CEO, Director
Signature: /s/ Michael P. O'Hara, Attorney-in-Fact for Louis S. Haddad
Issuer symbol: AHH
Transactions as of: 03 Mar 2022
Net transactions value: -$226,912
Form type: 4
Filing time: 07 Mar 2022, 15:32:25 UTC
Previous filing: 11 Feb 2022
Next filing: 14 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AHH	Common Stock	Award	$0	+66,068	+19%	$0.000000	415,695	03 Mar 2022	Direct	F1
transaction	AHH	Common Stock	Tax liability	$226,912	-15,270	-3.7%	$14.86	400,425	03 Mar 2022	Direct	F2
holding	AHH	6.75% Series A Preferred Stock						5,000	03 Mar 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	AHH	Common Units						2,108,918	03 Mar 2022	Common Stock	2,108,918		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted shares of common stock.
F3	Represents Class A common units of limited partnership interest ("Common Units") in Armada Hoffler, L.P., the operating partnership of Armada Hoffler Properties, Inc. (the "Company") and of which the Company is the general partner. Commencing one year from the date of issuance, 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.