Form 4: Armada Hoffler Properties Executive Apperson Sells Shares to Cover Tax Obligations

Eric E. Apperson, President of Construction at Armada Hoffler Properties, sold shares to cover tax obligations related to vesting restricted stock.

Summary

• On March 4, 2024, Eric E. Apperson, President of Construction at Armada Hoffler Properties, Inc., disposed of 3,783 shares of common stock to satisfy tax withholding obligations.
• The shares were sold at a price of $10.4 per share.
• Following the transaction, Apperson directly owns 93,866.814 shares of Armada Hoffler Properties, Inc.
• Apperson also holds 255,124 Class A common units in Armada Hoffler, L.P., which are redeemable for cash or common stock.
• Additionally, Apperson owns 30,864 LTIP Units, convertible into common units under certain conditions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates