Eric E. Apperson - 03 Mar 2025 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Reporting relationship: President of Construction
Issuer ticker: AHH
Reported as of: 03 Mar 2025
Net transaction value: -$85,209
SEC form: 4
Accepted by SEC: 05 Mar 2025, 16:48:47 UTC
Prior SEC filing: 26 Nov 2024
Next SEC filing: 19 Aug 2025
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 05 Mar 2025.

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: 05 Mar 2025, 16:48.

Change

Previous filing in this sequence was filed on 26 Nov 2024.
Current net transaction value: -$85,209.

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

Award

Transaction value: $0
Shares: +34,900
Change %: +103%
Price: $0.000000
Shares after: 68,767
Date: 03 Mar 2025
Ownership: Direct
Footnotes: F1

AHH transaction

Common Stock

Tax liability

Transaction value: $85,209
Shares: -9,282
Change %: -13%
Price: $9.18
Shares after: 59,485
Date: 03 Mar 2025
Ownership: Direct
Footnotes: F2

Reported derivative securities

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

AHH holding Derivative

Common Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 255,124
Date: 03 Mar 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 255,124
Exercise price
Footnotes: F3, F4

AHH holding Derivative

Time-Based LTIP Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,864
Date: 03 Mar 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 30,864
Exercise price
Footnotes: F4, F5, F6

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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.

Footnote F2

Reflects shares of common stock surrendered to Armada Hoffler Properties, Inc. (the "Company") to satisfy tax withholding obligations in connection with the vesting of restricted shares of common stock.

Footnote F3

Represents common units of limited partnership interest ("Common Units") in Armada Hoffler, L.P. (the "Operating Partnership"), the operating partnership of the Company, and of which the Company is the general partner. All Common Units reflected in this report were issued more than one year prior to the date hereof and, therefore, may be tendered for redemption by the holder.

Footnote F4

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 F5

On February 13th, 2025, the agreement of limited partnership of the Operating Partnership (the "OP Agreement") was amended, which amendment renamed existing "LTIP Units" as "Time-Based LTIP Units".

Footnote F6

Represents Time-Based LTIP Units in the Operating Partnership ("Time-Based LTIP Units"). Under the OP Agreement and subject to conditions set forth in the OP Agreement, following the date on which the Time-Based LTIP Units vest, Time-Based LTIP Units are convertible into Common Units at the holder's option. Under the award agreement pursuant to which the Time-Based LTIP Units were granted to the Reporting Person, except in connection with a Change of Control (as defined in the OP Agreement), the Time-Based LTIP Units may not be converted to Common Units until two years following the date of grant. Time-Based LTIP Units have no expiration date.