Form 4: Armada Hoffler Director Acquires Shares in Lieu of Cash Retainer

Director James A. Carroll acquired 383 shares of Armada Hoffler Properties, Inc. common stock in lieu of a portion of his cash retainer on June 14, 2024.

Summary

• On June 14, 2024, James A. Carroll, a director of Armada Hoffler Properties, Inc., acquired 383 shares of common stock at a price of $11.01 per share.
• These shares were issued in lieu of a portion of his cash retainer.
• Following the transaction, Carroll directly owns 35,853 shares of Armada Hoffler Properties, Inc.
• Carroll also holds 4,645 LTIP Units in Armada Hoffler, L.P., which are convertible into Class A common units and redeemable for cash or common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction of a director receiving shares as part of their compensation.

Positives

• Director's acquisition of shares demonstrates confidence in the company.
• The use of shares in lieu of cash retainer conserves company cash.

Industry Context

Directors often receive equity as part of their compensation, aligning their interests with those of shareholders. This is a common practice in publicly traded companies.

Related Party Transactions

• The issuance of shares to the director in lieu of a cash retainer is a related party transaction.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates