Form 4: Senior VP and CAO Kellie Dreyer Reports Future Stock Disposition

Kellie Dreyer, Senior Vice President and CAO of Apartment Investment & Management Co., reported a future disposition of 2,124 shares of Class A Common Stock at $8.41 per share, effective August 1, 2025.

Summary

• Kellie Dreyer, the Senior Vice President and Chief Accounting Officer (CAO) of Apartment Investment & Management Co. (AIV), reported a transaction.
• The transaction involves the disposition of 2,124 shares of Class A Common Stock.
• The shares were disposed of at a price of $8.41 per share.
• The transaction date is August 1, 2025, which is also the deemed execution date.
• Following this reported transaction, Kellie Dreyer directly beneficially owns 94,328 shares of Class A Common Stock.
• The transaction code 'F' typically indicates shares withheld to cover tax obligations upon the vesting of equity awards.

Sentiment

Score: 5

Explanation: The filing reports a routine disposition of shares, likely for tax withholding, which is a neutral event for company operations and does not indicate a significant positive or negative sentiment.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as it primarily reports a past or scheduled insider transaction.

Industry Context

This Form 4 filing reports a routine insider transaction by an executive, which is common across all industries and does not provide specific insights into broader industry trends or competitive dynamics within the real estate or apartment investment sector.

Stakeholder Impact

• Shareholders: The impact is minimal as this is a routine, non-discretionary transaction (likely for tax withholding) by an executive, not indicative of a change in company fundamentals or executive confidence.

Key Dates

Recommendation

The filing details a routine disposition of shares by an executive, likely for tax purposes, which does not provide new information to alter an investment thesis. It is a neutral event and does not warrant a change in investment recommendation based solely on this report.

Keywords

Apartment Investment & Management Co, AIV, Kellie Dreyer, Form 4, insider transaction, stock disposition, executive compensation