Eric E. Apperson - 04 Jan 2024 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Reporting relationship: President of Construction
Issuer ticker: AHH
Reported as of: 04 Jan 2024
Net transaction value: +$14,647
SEC form: 4
Accepted by SEC: 13 Mar 2024, 17:16:37 UTC
Prior SEC filing: 10 Oct 2023
Next SEC filing: 25 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Matthew T. Barnes-Smith, Attorney-in-Fact for Eric E. Apperson

Key filing fact

Eric E. Apperson filed Form 4 for Armada Hoffler Properties, Inc. (AHH) on 13 Mar 2024.

Key facts

This page summarizes Eric E. Apperson's Form 4 filing for Armada Hoffler Properties, Inc. (AHH).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 13 Mar 2024, 17:16.

Change

Previous filing in this sequence was filed on 10 Oct 2023.
Current net transaction value: +$14,647.

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.

View source filing

Reported non-derivative transactions

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

AHH transaction

Common Stock

Purchase

Transaction value: $14,647
Shares: +1,203
Change %: +1.2%
Price: $12.18
Shares after: 97,650
Date: 04 Jan 2024
Ownership: Direct
Footnotes: F1

Reported derivative securities

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

AHH transaction Derivative

LTIP Units

Award

Transaction value: $0
Shares: +30,865
Change %
Price: $0.000000
Shares after: 30,865
Date: 11 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 30,865
Exercise price
Footnotes: F2, F3, F4

AHH holding Derivative

Common Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 225,124
Date: 04 Jan 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 225,124
Exercise price
Footnotes: F3, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Shares purchased pursuant to a broker-sponsored dividend reinvestment program.

Footnote F2

Represents LTIP Units ("LTIP Units") in the Armada Hoffler, L.P. (the "Partnership"), the operating partnership of Armada Hoffler Properties, Inc. (the "Company"). Under the limited partnership agreement of the Partnership (the "OP Agreement") and subject to conditions set forth in the OP Agreement, upon vesting of LTIP Units, LTIP Units are convertible into Class A common units of limited partnership interest ("Common Units") at the holder's option. Under the LTIP Unit award agreement, 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.

Footnote 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.

Footnote F4

Represents a grant of unvested LTIP Units, 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.

Footnote F5

Represents Common Units in the Partnership. 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.