Form 4: Armada Hoffler Director Gartman Acquires Shares in Lieu of Cash Retainer
SEC Form 4
Director Dennis H. Gartman acquired 1,163 shares of Armada Hoffler Properties, Inc. common stock on September 16, 2024, in lieu of a cash retainer.
Summary
- On September 16, 2024, Dennis H. Gartman, a director of Armada Hoffler Properties, Inc., acquired 1,163 shares of common stock.
- The shares were acquired at a price of $11.82 per share.
- This acquisition was made in lieu of a cash retainer.
- Following the transaction, Gartman directly owns 22,649 shares of Armada Hoffler Properties, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction indicating a director taking shares as part of their compensation.
Positives
- The director's decision to take shares in lieu of cash may signal confidence in the company's future prospects.
Industry Context
Directors receiving shares in lieu of cash compensation is a fairly common practice, especially for REITs, as it aligns their interests with those of shareholders.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Date of transaction: Dennis H. Gartman acquired shares of common stock. |
| 09/17/2024 | Date of signature for the SEC filing. |
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