Blair Wimbush - Mar 20, 2025 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role
Director
Signature
/s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for F. Blair Wimbush
Stock symbol
AHH
Transactions as of
Mar 20, 2025
Transactions value $
$13,747
Form type
4
Date filed
3/24/2025, 03:58 PM
Previous filing
Jan 3, 2025
Next filing
Apr 3, 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 $13.7K +1.79K +9.25% $7.68 21.1K Mar 20, 2025 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 Time-Based LTIP Units 4.98K Mar 20, 2025 Common Stock 4.98K Direct F2, F3, F4
* 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 his cash retainer.
F2 On February 13, 2025, the agreement of limited partnership (the "OP Agreement") of Armada Hoffler, L.P. (the "Operating Partnership"), the operating partnership of Armada Hoffler Properties, Inc. (the "Company"), and of which the Company is the general partner was amended, which amendment renamed existing "LTIP Units" as "Time-Based LTIP Units".
F3 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 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.
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.