Jennifer R. Boykin - Mar 5, 2025 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role: Director
Signature: /s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for Jennifer R. Boykin
Stock symbol: AHH
Transactions as of: Mar 5, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/7/2025, 05:14 PM
Previous filing: Mar 7, 2025
Next filing: Mar 17, 2025
SEC: View on sec.gov

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
transaction	AHH	Time-Based LTIP Units	Award	$0	+1.7K		$0.00	1.7K	Mar 5, 2025	Common Stock	1.7K		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	Represents Time-Based LTIP Units ("Time-Based LTIP Units") in Armada Hoffler, L.P. (the "Operating Partnership"), the operating partnership of Armada Hoffler Properties, Inc. (the "Company") and of which the Company serves as the general partner. Under the agreement of limited partnership of the Operating Partnership (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 of limited partnership interest in the Operating Partnership ("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.
F2	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.
F3	Represents a grant of unvested Time-Based LTIP Units in respect of the Reporting Person's service on the board of directors of the Company (the "Board") from the date of her appointment to the Board 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) of the annual grant of equity to directors that will vest on the date of the 2025 Annual Meeting. All of the Time-Based LTIP Units will vest on the date of the 2025 Annual Meeting.