A. Russell Kirk - Jun 28, 2023 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role
Director
Signature
/s/ Louis S. Haddad, Attorney-in-Fact for A. Russell Kirk
Stock symbol
AHH
Transactions as of
Jun 28, 2023
Transactions value $
$0
Form type
4
Date filed
6/30/2023, 09:00 PM
Previous filing
Apr 17, 2023
Next filing
Jul 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AHH Common Stock 17.7K Jun 28, 2023 Direct
holding AHH Common Stock 43.4K Jun 28, 2023 By Spouse F1

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
transaction AHH LTIP Units Award $0 +4.65K $0.00 4.65K Jun 28, 2023 Common Stock 4.65K Direct F2, F3, F4
holding AHH Common Units 1.15M Jun 28, 2023 Common Stock 1.15M Direct F3, F5
holding AHH Common Units 36.3K Jun 28, 2023 Common Stock 36.3K By Spouse F1, F3, F5
holding AHH Common Units 91 Jun 28, 2023 Common Stock 91 By Limited Partnership F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Kirk 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.
F2 Represents LTIP Units ("LTIP Units") in Armada Hoffler, L.P. (the "Operating Partnership"), the operating partnership of Armada Hoffler Properties, Inc. (the "Company"), and of which the Company is the general partner. 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 LTIP Units vest, LTIP Units are convertible into Class A common units of limited partnership interest ("Common Units") in the Operating Partnership at the holder's option. Under the award agreement pursuant to which the LTIP Units were granted to the reporting person, except in connection with a Change of Control (as defined in the OP Agreement), the LTIP Units may not be converted to Common Units until two years following the date of grant. LTIP Units have no expiration date.
F3 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.
F4 Represents a grant of unvested LTIP Units, all of which will vest on the date of the Company's 2024 Annual Meeting of Stockholders.
F5 Represents Common Units in the Operating Partnership.
F6 Represents Mr. Kirk's pecuniary interest in Common Units held by a limited partnership.