Form 4: AIV Executive Sells Shares for Tax Obligations

Jennifer Johnson, EVP, CAO, and General Counsel of Apartment Investment & Management Co., disposed of Class A Common Stock to cover tax withholding obligations.

Summary

• Jennifer Johnson, Executive Vice President, Chief Administrative Officer, and General Counsel of Apartment Investment & Management Co. (AIV), reported transactions involving Class A Common Stock.
• On January 31, 2026, Johnson disposed of 1,957 shares of Class A Common Stock at a price of $5.88 per share.
• On February 1, 2026, Johnson disposed of an additional 12,977 shares of Class A Common Stock at a price of $5.88 per share.
• These dispositions were marked with transaction code 'F', indicating they were made to satisfy tax withholding obligations upon the vesting of equity awards.
• Following the transactions, Johnson beneficially owns 329,852 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a routine, non-discretionary transaction for tax purposes, which does not provide new insights into the company's operational performance or the executive's discretionary sentiment.

Positives

• The disposition of shares is a routine event associated with the vesting of equity awards, indicating the executive is receiving compensation as planned, which can be a sign of a stable compensation structure.

Negatives

• The disposition of shares is for tax withholding purposes and does not reflect a discretionary sale or a negative outlook on the company's prospects.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that dispositions of shares by executives for tax withholding purposes (transaction code 'F') are common and routine events in the real estate investment trust (REIT) sector, as executives often receive a significant portion of their compensation in the form of equity awards. These transactions are typically non-discretionary and are not usually indicative of an executive's sentiment about the company's future performance, unlike open market sales.

Stakeholder Impact

• Shareholders: The impact on shareholders is minimal as these are routine, non-discretionary transactions for tax purposes and do not signal a change in management's confidence or company fundamentals.

Key Dates

Recommendation

The reported transactions are routine dispositions of shares for tax withholding purposes, which are common for executives receiving equity compensation. This type of transaction does not reflect a discretionary sale based on the executive's outlook on the company's performance and therefore does not provide new fundamental information to warrant a change in investment recommendation. An investor should 'hold' their position if their existing thesis remains unchanged by this routine event.

Keywords

Apartment Investment & Management Co., AIV, Jennifer Johnson, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Equity Compensation