Form 4: Armada Hoffler CFO Matthew Barnes-Smith Reports Tax Withholding Share Surrender
SEC Form 4 Filing
Matthew Barnes-Smith, CFO, Treasurer, and Secretary of Armada Hoffler Properties, Inc., reports the surrender of shares to cover tax obligations related to vesting restricted stock.
Summary
- On March 4, 2024, Matthew Barnes-Smith, CFO, Treasurer, and Secretary of Armada Hoffler Properties, Inc., surrendered 1,486 shares of common stock to satisfy tax withholding obligations.
- The shares were surrendered at a price of $10.4 per share.
- Following the transaction, Barnes-Smith directly owns 13,103 shares of Armada Hoffler Properties, Inc.
- Barnes-Smith also beneficially owns 26,115 LTIP Units in Armada Hoffler, L.P., which are convertible into Class A common units and ultimately redeemable for cash or shares of Armada Hoffler Properties, Inc.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and tax obligations, common for executives receiving equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related share surrender.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of the transaction where shares were surrendered for tax withholding. |
| 03/25/2024 | Date of signature on the Form 4 filing. |
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