Eric E. Apperson - 08 Apr 2021 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role: President of Construction
Signature: /s/ Michael P. O'Hara, as Attorney-in-Fact for Eric E. Apperson
Issuer symbol: AHH
Transactions as of: 08 Apr 2021
Net transactions value: -$24,048
Form type: 4
Filing time: 07 Mar 2022, 15:33:23 UTC
Next filing: 07 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AHH	Common Stock	Small acquisition under Rule 16a-6	$7,787	+599	+0.98%	$13.00	61,585	08 Apr 2021	Direct	F1
transaction	AHH	Common Stock	Purchase	$8,403	+640	+1%	$13.13	62,225	08 Jul 2021	Direct	F1
transaction	AHH	Common Stock	Purchase	$8,511	+630	+1%	$13.51	62,855	07 Oct 2021	Direct	F1
transaction	AHH	Common Stock	Purchase	$9,145	+590	+0.94%	$15.50	63,445	06 Jan 2022	Direct	F1
transaction	AHH	Common Stock	Award	$0	+13,861	+22%	$0.000000	77,306	03 Mar 2022	Direct	F2
transaction	AHH	Common Stock	Tax liability	$57,895	-3,896	-5%	$14.86	73,410	03 Mar 2022	Direct	F3

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						225,124	08 Apr 2021	Common Stock	225,124		Direct	F4

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

Explanation of Responses:

Id	Content
F1	Shares purchased pursuant to a broker-sponsored dividend reinvestment program.
F2	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.
F3	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.
F4	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. Common Units have no expiration date.