Louis S. Haddad - Mar 11, 2024 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role
CEO, Director
Signature
/s/ Matthew T. Barnes Smith, Attorney-in-Fact for Louis S. Haddad
Stock symbol
AHH
Transactions as of
Mar 11, 2024
Transactions value $
-$180,763
Form type
4
Date filed
3/13/2024, 05:16 PM
Previous filing
Mar 25, 2024
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AHH Common Stock Award $0 +100K +23.59% $0.00 526K Mar 11, 2024 Direct F1
transaction AHH Common Stock Tax liability -$181K -17K -3.23% $10.62 509K Mar 11, 2024 Direct F2
holding AHH 6.75% Series A Preferred Stock 5K Mar 11, 2024 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 2.11M Mar 11, 2024 Common Stock 2.11M 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. All Common Units in this report were issued more than one year prior to the date hereof and, therefore, may be tendered for redemption by the holder. Common Units have no expiration date.