AH Realty director gets 2,317-share stock grant
AH Realty Trust director Theodore Bigman received stock in lieu of cash fees and continues to hold additional Time-Based LTIP Units linked to common equity.
Rhea-AI Filing Summary
AH Realty Trust, Inc. (AHRT) reported that director Theodore Bigman received a grant of 2,317 shares of Common Stock on September 15, 2026, valued at $6.472 per share, issued in lieu of a portion of his cash retainer, bringing his direct Common Stock holdings to 82,317 shares.
He also holds Time-Based LTIP Units of AH Realty Trust, LP representing 11,695 underlying Common Units, which, after vesting and subject to the partnership agreement, may be converted into Common Units and then redeemed for cash or, at the company’s election, shares of common stock; these units have no expiration date. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,317 shares
Grant/Award
2 txns
Insider
BIGMAN THEODORE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 2,317 | $6.472 | $15K |
| holding | Time-Based LTIP Units F2, F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 82,317 shares (Direct);
Time-Based LTIP Units — 11,695 contracts (Direct)
Footnotes (3)
- F1. These shares were issued to the director in lieu of a portion of his cash retainer.
- F2. Represents Time-Based LTIP Units ("Time-Based LTIP Units") in AH Realty Trust, LP (the "Operating Partnership"), the operating partnership of AH Realty Trust, Inc. (the "Company"), and of which the Company is the general partner. Under the agreement of limited partnership of the Operating Partnership (the "OP Agreement") and subject to conditions set forth in the OP Agreement, following the date on which the Time-Based LTIP Units vest, Time-Based LTIP Units are convertible into common units of limited partnership interest in the Operating Partnership ("Common Units"), at the holder's option. Under the award agreement pursuant to which the Time-Based LTIP Units were granted to the reporting person, except in connection with a Change of Control (as defined in the OP Agreement), the Time-Based LTIP Units may not be converted to Common Units until two years following the date of grant. Time-Based LTIP Units have no expiration date.
- F3. 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.
Key Figures
Common Stock granted: 2,317 shares
Grant valuation price: $6.472 per share
Common Stock held after transaction: 82,317 shares
+2 more
5 metrics
Common Stock granted
2,317 shares
Grant to director on September 15, 2026, in lieu of cash retainer
Grant valuation price
$6.472 per share
Value used for the 2,317-share Common Stock award
Common Stock held after transaction
82,317 shares
Director’s direct Common Stock holdings following the grant
Underlying shares from Time-Based LTIP Units
11,695 shares
Underlying Common Units tied to Time-Based LTIP Units held directly
Conversion waiting period
2 years
Time-Based LTIP Units may not convert to Common Units until two years after grant, except upon Change of Control
Key Terms
Time-Based LTIP Units, Operating Partnership, OP Agreement, Common Units, +2 more
6 terms
Time-Based LTIP Units financial
"Represents Time-Based LTIP Units ("Time-Based LTIP Units") in AH Realty Trust, LP"
Operating Partnership financial
"in AH Realty Trust, LP (the "Operating Partnership"), the operating partnership"
An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.
OP Agreement financial
"Under the agreement of limited partnership of the Operating Partnership (the "OP Agreement")"
Common Units financial
"Time-Based LTIP Units are convertible into common units of limited partnership interest"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
Change of Control financial
"except in connection with a Change of Control (as defined in the OP Agreement)"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
redeemable financial
"Each Common Unit is redeemable for cash equal to the then-current market value"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did AHRT director Theodore Bigman report on this Form 4?
He reported an acquisition of 2,317 shares of AH Realty Trust, Inc. Common Stock on September 15, 2026, as a grant in lieu of a portion of his cash director retainer, increasing his direct common share holdings.
At what price was the AHRT Common Stock grant to Theodore Bigman valued?
The 2,317-share Common Stock grant to Theodore Bigman was valued at $6.472 per share. The shares were issued as equity compensation in lieu of a portion of his cash retainer as a director of AH Realty Trust, Inc.
Can Theodore Bigman immediately convert his Time-Based LTIP Units into AHRT Common Units?
No. Under his award agreement, except in connection with a Change of Control, his Time-Based LTIP Units generally may not be converted into Common Units until two years after the grant date, and any conversion is also subject to conditions in the partnership agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
