AH Realty (AHRT) awards director 11,695 Time-Based LTIP Units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AH Realty Trust, Inc. director Jennifer R. Boykin received a grant of 11,695 Time-Based LTIP Units in AH Realty Trust, LP. These unvested units will fully vest on the date of the Company's 2027 Annual Meeting of Stockholders, increasing her direct LTIP holdings to 21,332 units.
After vesting and subject to conditions in the Operating Partnership agreement, the Time-Based LTIP Units can be converted into Common Units, which are each redeemable for cash equal to the then-current market value of one share of AH Realty Trust, Inc. common stock or, at the Company's election, one share of its common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Boykin Jennifer R.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Time-Based LTIP Units | 11,695 | $0.00 | -- |
Holdings After Transaction:
Time-Based LTIP Units — 21,332 shares (Direct, null)
Footnotes (1)
- 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. 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. Represents a grant of unvested Time-Based LTIP Units, all of which will vest on the date of the Company's 2027 Annual Meeting of Stockholders.
Key Figures
Time-Based LTIP Units granted: 11,695 units
Total LTIP Units after grant: 21,332 units
Vesting date: 2027 Annual Meeting of Stockholders
+2 more
5 metrics
Time-Based LTIP Units granted
11,695 units
Grant to director on 2026-06-17
Total LTIP Units after grant
21,332 units
Director’s direct holdings following transaction
Vesting date
2027 Annual Meeting of Stockholders
All granted Time-Based LTIP Units vest on this date
Underlying common stock equivalence
11,695 shares
Underlying common stock tied to granted units
Exercise/conversion price
$0.00 per unit
Reported conversion or exercise price for LTIP Units
Key Terms
Time-Based LTIP Units, Operating Partnership, Common Units, Change of Control, +1 more
5 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 of AH Realty Trust, Inc."
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.
Common Units financial
"Time-Based LTIP Units are convertible into common units of limited partnership interest in the Operating Partnership ("Common Units")"
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), the Time-Based LTIP Units may not be converted"
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.
Annual Meeting of Stockholders financial
"all of which will vest on the date of the Company's 2027 Annual Meeting of Stockholders"
FAQ
What did AH Realty Trust (AHRT) director Jennifer R. Boykin receive in this Form 4 filing?
Director Jennifer R. Boykin received a grant of 11,695 Time-Based LTIP Units in AH Realty Trust, LP. These units are a form of equity-based compensation that can later convert into partnership Common Units, aligning her interests more closely with the Company’s long-term performance.
What are Time-Based LTIP Units reported for AH Realty Trust (AHRT)?
Time-Based LTIP Units are long-term incentive units in AH Realty Trust, LP that vest over time. Once vested and subject to the Operating Partnership agreement, they can be converted into Common Units, which are then redeemable for cash or, at the Company’s election, common stock.
When do Jennifer R. Boykin’s newly granted AHRT Time-Based LTIP Units vest?
All 11,695 granted Time-Based LTIP Units will vest on the date of AH Realty Trust, Inc.’s 2027 Annual Meeting of Stockholders. Until that vesting date, they remain unvested incentive units and cannot be converted into Common Units under the award’s terms.
How many Time-Based LTIP Units does Jennifer R. Boykin hold after this AHRT grant?
Following the grant, Jennifer R. Boykin holds a total of 21,332 Time-Based LTIP Units directly. The Form 4 shows this as her total Time-Based LTIP Unit position after the transaction, reflecting the addition of 11,695 newly granted units to her prior holdings.
How can AH Realty Trust (AHRT) Operating Partnership Common Units be settled?
Each Common Unit of AH Realty Trust, LP is redeemable for cash equal to the then-current market value of one share of AH Realty Trust, Inc. common stock or, at the Company’s election, one share of its common stock, with no expiration date specified.
When can the AHRT Time-Based LTIP Units be converted to Common Units?
Under the award agreement, except in connection with a Change of Control, the Time-Based LTIP Units may not be converted to Common Units until two years after the grant date. Conversion also remains subject to the conditions in the Operating Partnership’s agreement.