Louis S. Haddad - 21 Mar 2025 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role: Director
Signature: /s/ Matthew T. Barnes Smith, Attorney-in-Fact for Louis S. Haddad
Issuer symbol: AHH
Transactions as of: 21 Mar 2025
Net transactions value: +$24,409
Form type: 4
Filing time: 24 Mar 2025, 16:22:11 UTC
Previous filing: 06 Mar 2025
Next filing: 23 Jun 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AHH	Common Stock	Award	$24,409	+3,170	+1.1%	$7.70	288,710	21 Mar 2025	Direct	F1
holding	AHH	6.75% Series A Preferred Stock						5,000	21 Mar 2025	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						2,108,918	21 Mar 2025	Common Stock	2,108,918		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of unvested restricted stock (the "Restricted Stock") in respect of the Reporting Person's service on the board of directors (the "Board") of Armada Hoffler Properties, Inc. (the "Company") from January 1, 2025, the day following the Reporting Person's resignation as the Company's Chief Executive Officer, to the date of the 2025 annual meeting of stockholders (the "2025 Annual Meeting"), which grant was a pro-rated amount (based on the term of such expected service following the Reporting Person's resignation as the Company's Chief Executive Officer) of the annual grant of equity to directors that will vest on the date of the 2025 Annual Meeting. All of the Restricted Stock is expected to vest on the date of the 2025 Annual Meeting, subject to the Reporting Person's continued service on the Board.
F2	Represents common units of limited partnership interest ("Common Units") in Armada Hoffler, L.P., the operating partnership of 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.

Content

Represents a grant of unvested restricted stock (the "Restricted Stock") in respect of the Reporting Person's service on the board of directors (the "Board") of Armada Hoffler Properties, Inc. (the "Company") from January 1, 2025, the day following the Reporting Person's resignation as the Company's Chief Executive Officer, to the date of the 2025 annual meeting of stockholders (the "2025 Annual Meeting"), which grant was a pro-rated amount (based on the term of such expected service following the Reporting Person's resignation as the Company's Chief Executive Officer) of the annual grant of equity to directors that will vest on the date of the 2025 Annual Meeting. All of the Restricted Stock is expected to vest on the date of the 2025 Annual Meeting, subject to the Reporting Person's continued service on the Board.

Represents common units of limited partnership interest ("Common Units") in Armada Hoffler, L.P., the operating partnership of 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.