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

Shelly R. Hampton, President of Asset Management at Armada Hoffler Properties, sold shares to cover tax obligations related to vesting restricted stock.

Summary

• Shelly R. Hampton, President of Asset Management at Armada Hoffler Properties, Inc., filed a Form 4 indicating changes in beneficial ownership.
• On March 4, 2024, Hampton surrendered 5,269 shares of common stock to the company to satisfy tax withholding obligations related to the vesting of restricted shares.
• The shares were surrendered at a price of $10.4 per share.
• Following the transaction, Hampton directly owns 100,613 shares of Armada Hoffler Properties, Inc.
• Hampton also owns 58,799 Class A common units of limited partnership interest in Armada Hoffler, L.P., which are redeemable for cash or common stock.
• These common units have no expiration date and were issued more than one year prior to the report date, making them eligible for redemption.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to tax obligations, with no indication of positive or negative sentiment.

Industry Context

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

Key Dates