James A. Carroll - Jun 14, 2024 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role
Director
Signature
/s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for James A. Carroll
Stock symbol
AHH
Transactions as of
Jun 14, 2024
Transactions value $
$4,217
Form type
4
Date filed
6/18/2024, 04:20 PM
Previous filing
Mar 19, 2024
Next filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AHH Common Stock Award $4.22K +383 +1.08% $11.01 35.9K Jun 14, 2024 Direct 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
holding AHH LTIP Units 4.65K Jun 14, 2024 Common Stock 4.65K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were issued to the director in lieu of a portion of his cash retainer.
F2 Represents LTIP Units ("LTIP Units") in 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") in the Partnership 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. 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. Neither LTIP Units nor Common Units have an expiration date.