Form 4: Apartment Investment & Management Co. Executive Jennifer Johnson Reports Stock and Option Awards

Jennifer Johnson, EVP, CAO, and General Counsel at Apartment Investment & Management Co., reported the acquisition of stock and option awards as part of her long-term incentive compensation.

Summary

• Jennifer Johnson, an executive at Apartment Investment & Management Co., filed a Form 4 detailing changes in her beneficial ownership of company securities.
• She received 43,832 shares of Class A Common Stock as part of her 2022 long-term incentive compensation, which vest on February 2, 2025.
• She also received 19,859 shares of Class A Common Stock as part of her 2025 long-term incentive compensation, which vest in thirds annually starting January 28, 2026.
• Additionally, she was granted options to purchase 28,445 shares of Class A Common Stock at an exercise price of $6.96, vesting on February 2, 2025.
• These awards were approved by the Compensation and Human Resources Committee and were subject to total shareholder return criteria.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, which are generally viewed positively as they align management with shareholder interests. There are no negative aspects to the document.

Positives

• The stock and option awards are part of a long-term incentive plan, aligning executive interests with shareholder value.
• The vesting schedules encourage long-term performance and retention of the executive.
• The awards were approved by the Compensation and Human Resources Committee, indicating proper governance.

Future Outlook

The vesting of the stock and option awards is tied to future dates, incentivizing long-term performance.

Industry Context

This filing is a routine disclosure of executive compensation in the real estate investment trust (REIT) sector, where stock and option awards are common components of executive pay packages.

Comparison to Industry Standards

• Stock and option awards are a standard practice for executive compensation in the REIT industry, aligning management's interests with those of shareholders.
• The vesting schedules are typical for long-term incentive plans, encouraging sustained performance.
• The specific terms of the awards, such as the exercise price and vesting dates, are consistent with industry norms for similar roles and companies.

Stakeholder Impact

• Shareholders may view the awards positively as they align executive interests with long-term company performance.
• Employees may see the awards as a sign of the company's commitment to rewarding its executives.

Next Steps

• The executive will receive the shares and options upon the vesting dates.
• The company will continue to monitor the performance of the executive and the company's stock price.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Options, Stock Awards, Incentive Compensation, Executive Compensation, AIV, Apartment Investment & Management Co.