Michael P. O'Hara - Mar 3, 2022 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role: CFO, Treasurer and Secretary
Signature: Michael P. O'Hara
Stock symbol: AHH
Transactions as of: Mar 3, 2022
Transactions value $: -$129,431
Form type: 4
Date filed: 3/7/2022, 03:32 PM
Previous filing: Dec 22, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AHH	Common Stock	Award	$0	+27.7K	+25.9%	$0.00	135K	Mar 3, 2022	Direct	F1
transaction	AHH	Common Stock	Tax liability	-$129K	-8.71K	-6.46%	$14.86	126K	Mar 3, 2022	Direct	F2
holding	AHH	6.75% Series A Preferred Stock						8.9K	Mar 3, 2022	Direct
holding	AHH	6.75% Series A Preferred Stock						500	Mar 3, 2022	By Spouse	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	AHH	Common Units						122K	Mar 3, 2022	Common Stock	122K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted shares of common stock, 40% of which vested on the grant date, 20% of which will vest on the first anniversary of the grant date, 20% of which will vest on the second anniversary of the grant date and 20% of which will vest on the third anniversary of the grant date, subject to the executive's continued employment on such dates.
F2	Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted shares of common stock.
F3	Shares of preferred stock are held directly by reporting person's spouse. The reporting person disclaims beneficial ownership of such shares, and this report shall not be deemed an admission that the reporting person was the beneficial owner of the shares for purposes of Section 16 or for any other purposes.
F4	Represents Class A common units of limited partnership interest ("Common Units") in Armada Hoffler, L.P., the operating partnership of Armada Hoffler Properties, Inc. (the "Company") and of which the Company is the general partner. Commencing one year from the date of issuance, each Common Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. Common Units have no expiration date.