Armada Hoffler Properties, Inc. (AHH) – Form 4 insider activity
Director Dennis H. Gartman reported an acquisition of 1,964 common shares on 06/16/2025. The shares were issued in lieu of his cash retainer, effectively representing stock-based compensation rather than an open-market purchase. The filing lists a reference price of $7.00 per share, placing the notional value of the grant at roughly $13,748. Following the transaction, Gartman’s direct holdings increased to 36,665 shares. No derivative securities were involved, and the transaction was not made under a Rule 10b5-1 plan. The report was signed by attorney-in-fact Matthew T. Barnes-Smith on 06/18/2025.
Given the modest size and routine nature of this director compensation grant, the event is unlikely to materially affect AHH’s valuation, but it does incrementally align director incentives with shareholder interests.