Shelly R. Hampton - Mar 11, 2024 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role: President of Asset Management
Signature: /s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for Shelly R. Hampton
Stock symbol: AHH
Transactions as of: Mar 11, 2024
Transactions value $: -$44,731
Form type: 4
Date filed: 3/13/2024, 05:16 PM
Previous filing: Mar 25, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AHH	Common Stock	Award	$0	+23.7K	+27.49%	$0.00	110K	Mar 11, 2024	Direct	F1
transaction	AHH	Common Stock	Tax liability	-$44.7K	-4.21K	-3.83%	$10.62	106K	Mar 11, 2024	Direct	F2

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						58.8K	Mar 11, 2024	Common Stock	58.8K		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.