Form 4: Armada Hoffler CEO Louis Haddad Reports Stock Transactions

CEO Louis Haddad reports disposition of shares to cover tax obligations and a gift transaction.

Summary

• Louis S. Haddad, CEO of Armada Hoffler Properties, Inc., reported changes in his beneficial ownership of the company's stock.
• On March 4, 2024, 12,017 shares of common stock were disposed of to satisfy tax withholding obligations related to the vesting of restricted shares at a price of $10.4 per share.
• On March 21, 2024, 11,400 shares of common stock were gifted.
• Following these transactions, Haddad directly owns 485,905 shares of common stock and 5,000 shares of 6.75% Series A Preferred Stock.
• Haddad also indirectly owns 2,108,918 Class A common units of limited partnership interest in Armada Hoffler, L.P., which are redeemable for cash or common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely negligible.

Key Dates