Form 4 for AHRT AH Realty Trust, Inc.

Accepted 2025-03-05 00:00:00 ET · period of report 2025-03-03 · accession 0001569187-25-000027 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2025-03-05	2025-03-03	AHRT	Tibbetts Shawn J	CEO, Pres, Dir	F - Tax	$9.18	-6,045	61.7K	-9%	-$55.5K
DM	2025-03-05	2025-03-03	AHRT	Tibbetts Shawn J	CEO, Pres, Dir	A - Grant	$0.00	+369.9K	165.0K	New	$0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2025-03-03	F	D	6,045	$9.18	61,685	D	—	—	(F1) 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.
2	Derivative	Time-Based LTIP Units	2025-03-03	A	A	204,895	$0.00	273,745	D	— · — to —	204,895 Common Stock	(F2) On February 13th, 2025, the agreement of limited partnership (the "OP Agreement") of Armada Hoffler, L.P. (the "Operating Partnership"), the operating partnership of the Company and of which the Company serves as the general partner, was amended, which amendment renamed existing "LTIP Units" as "Time-Based LTIP Units". (F5) Represents a grant of unvested Time-Based LTIP Units, of which 111,386 LTIP Units are subject to the following vesting schedule: 40% vested on the grant date, 20% will vest on the first anniversary of the grant date, 20% will vest on the second anniversary of the grant date and 20% will vest on the third anniversary of the grant date, subject to the Reporting Person's continued employment on such dates. The remaining 93,509 LTIP Units are subject to the following vesting schedule: one-third will vest on the first anniversary of the grant date, one-third will vest on the second anniversary of the grant date, and one-third will vest on the third anniversary of the grant date, subject to the Reporting Person's continued employment on such dates. (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. (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.
3	Derivative	Performance LTIP Units	2025-03-03	A	A	165,016	$0.00	165,016	D	— · — to —	165,016 Common Stock	(F7) Represents a grant of unvested Performance LTIP Units. The number of Performance LTIP Units reflected in this Form 4 represents the target award, up to 200% of which may vest based on the performance criteria of the award. The Performance LTIP Units will vest, if at all, on the last day of the performance period, subject to the Reporting Person's continued employment on such date. The performance period begins on the grant date and ends on the earlier of the day before the third anniversary of the grant date and a Control Change Date (as defined in the Company's Amended and Restated 2013 Equity Incentive Plan, as amended). (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. (F6) Represents Performance LTIP Units in the Operating Partnership ("Performance LTIP Units"). Under the OP Agreement and subject to conditions set forth in the OP Agreement, following the date on which the Performance LTIP Units vest, Performance LTIP Units are convertible into Common Units at the holder's option. Under the award agreement pursuant to which the Performance LTIP Units were granted to the Reporting Person, except in connection with a Change of Control (as defined in the OP Agreement), the Performance LTIP Units may not be converted to Common Units until two years following the date of grant. Performance LTIP Units have no expiration date.