Equity grant lifts AH Realty (AHRT) director James Cherry’s LTIP stake
Rhea-AI Filing Summary
AH Realty Trust, Inc. director James C. Cherry received a grant of 11,695 Time-Based LTIP Units in the company’s operating partnership. These units are unvested and will fully vest on the date of the company’s 2027 Annual Meeting of Stockholders. After vesting and subject to the partnership agreement conditions, the Time-Based LTIP Units may be converted into Common Units, which in turn are redeemable for cash equal to the market value of one common share or, at the company’s election, one share of common stock. Following this grant, Cherry holds 24,614 Time-Based LTIP Units, 4,645 Common Units (each linked to one share of common stock), 52,342 shares of common stock, and 12,000 shares of 6.75% Series A Preferred Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Cherry James C.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Time-Based LTIP Units | 11,695 | $0.00 | $0.00 |
| holding | Common Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | 6.75% Series A Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Time-Based LTIP Units — 24,614 shares (Direct);
Common Units — 4,645 shares (Direct);
Common Stock — 52,342 shares (Direct);
6.75% Series A Preferred Stock — 12,000 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. Represents Common Units. All Common Units reflected in this report may be tendered for redemption by the holder.
Key Figures
Time-Based LTIP Units granted: 11,695 units
Time-Based LTIP Units after grant: 24,614 units
Common Units held: 4,645 units
+2 more
5 metrics
Time-Based LTIP Units granted
11,695 units
Grant of unvested Time-Based LTIP Units to director
Time-Based LTIP Units after grant
24,614 units
Total Time-Based LTIP Units directly held following transaction
Common Units held
4,645 units
Common Units in operating partnership, each linked to one common share
Common stock held
52,342 shares
AH Realty Trust common shares directly owned after reported transactions
Series A Preferred Stock held
12,000 shares
6.75% Series A Preferred Stock directly owned
Key Terms
Time-Based LTIP Units, Common Units, Change of Control, Annual Meeting of Stockholders, +1 more
5 terms
Time-Based LTIP Units financial
"Represents Time-Based LTIP Units ("Time-Based LTIP Units") in AH Realty Trust, LP"
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.
Annual Meeting of Stockholders financial
"all of which will vest on the date of the Company's 2027 Annual Meeting of Stockholders"
redeemable for cash financial
"Each Common Unit is redeemable for cash equal to the then-current market value"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did AH Realty Trust (AHRT) report for James C. Cherry?
AH Realty Trust reported a grant of 11,695 unvested Time-Based LTIP Units to director James C. Cherry. These units are a form of equity-based compensation that will vest on the date of the company’s 2027 Annual Meeting of Stockholders, subject to the plan’s conditions.
When do James C. Cherry’s new Time-Based LTIP Units in AHRT vest?
All 11,695 newly granted Time-Based LTIP Units will vest on the date of AH Realty Trust’s 2027 Annual Meeting of Stockholders. Vesting must occur before the units can be converted into Common Units of the operating partnership under the partnership agreement.
How can AH Realty Trust (AHRT) Time-Based LTIP Units and Common Units be converted or redeemed?
After vesting, Time-Based LTIP Units may be converted into Common Units of the operating partnership. Each Common Unit is then redeemable for cash equal to the market value of one AH Realty Trust common share or, at the company’s election, one share of its common stock.
What are James C. Cherry’s AH Realty Trust holdings after this Form 4 grant?
After the grant, James C. Cherry holds 24,614 Time-Based LTIP Units, 4,645 Common Units linked to common stock, 52,342 shares of AH Realty Trust common stock, and 12,000 shares of its 6.75% Series A Preferred Stock, all reported as directly owned.
Do the AH Realty Trust Common Units reported for James C. Cherry have an expiration date?
The Common Units reported have no expiration date. Each Common Unit may be tendered for redemption and is redeemable for cash equal to the then-current market value of one common share or, at AH Realty Trust’s election, one share of its common stock.
What type of security is the 6.75% Series A Preferred Stock held by James C. Cherry at AHRT?
The 6.75% Series A Preferred Stock is a preferred equity security of AH Realty Trust. The Form 4 shows James C. Cherry directly owning 12,000 shares of this series, in addition to his common stock, Common Units, and Time-Based LTIP Unit holdings.