Form 4: Armada Hoffler Director James C. Cherry Reports Changes in Beneficial Ownership

Director James C. Cherry reports acquisition of LTIP Units and disposal of Common Stock and Preferred Stock in Armada Hoffler Properties, Inc.

Summary

• James C. Cherry, a director of Armada Hoffler Properties, Inc., filed a Form 4 detailing changes in his beneficial ownership.
• On July 1, 2024, Cherry acquired 4,981 LTIP Units, which are convertible into Class A common units of limited partnership interest in Armada Hoffler, L.P., the operating partnership of Armada Hoffler Properties, Inc.
• These LTIP Units will vest on the date of the Company's 2025 Annual Meeting of Stockholders.
• Cherry also disposed of 47,581 shares of Common Stock and 12,000 shares of 6.75% Series A Preferred Stock.
• Following these transactions, Cherry directly owns 9,626 LTIP Units.
• The LTIP Units do not expire and can be converted into common stock or redeemed for cash.

Sentiment

Score: 5

Explanation: This is a routine filing related to insider transactions, with no inherently positive or negative implications.

Future Outlook

The LTIP Units will vest on the date of the Company's 2025 Annual Meeting of Stockholders and can then be converted into Class A common units or redeemed for cash.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates