STOCK TITAN

AH Realty Trust (AHRT) director adds stock and LTIP units via equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

AH Realty Trust director James A. Carroll received additional equity compensation in the form of company stock and partnership units. On 2026-06-16, he was granted 757 shares of common stock at an indicated value of $6.808 per share, issued in lieu of part of his cash board retainer.

After this grant, he directly holds 43,675 shares of common stock. He also holds Common Units in AH Realty Trust, LP that are currently redeemable on a one-for-one basis for cash or common stock, representing 4,645 underlying shares, and Time-Based LTIP Units representing 12,919 underlying shares. The LTIP Units vest over time and, after vesting and a required two-year period from grant (except in a defined Change of Control), may be converted into Common Units and ultimately into common stock.

Positive

  • None.

Negative

  • None.
Insider Carroll James A
Role null
Type Security Shares Price Value
Grant/Award Common Stock 757 $6.808 $5K
holding Time-Based LTIP Units -- -- --
holding Common Units -- -- --
Holdings After Transaction: Common Stock — 43,675 shares (Direct, null); Time-Based LTIP Units — 12,919 shares (Direct, null); Common Units — 4,645 shares (Direct, null)
Footnotes (1)
  1. These shares were issued to the director in lieu of a portion of his cash retainer. 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 Common Units. All Common Units reflected in this report may be tendered for redemption by the holder.
Common stock grant 757 shares Director equity awarded in lieu of cash retainer
Grant reference price $6.808 per share Indicated value for 757-share common stock award
Common stock held after grant 43,675 shares Director’s direct non-derivative common stock ownership
Underlying shares from Common Units 4,645 shares Common Units redeemable for cash or common stock
Underlying shares from Time-Based LTIP Units 12,919 shares Convertible into Common Units after vesting and waiting period
Time-Based LTIP Units financial
"Represents Time-Based LTIP Units ("Time-Based LTIP Units") in AH Realty Trust, LP"
Common Units financial
"Each Common Unit is redeemable for cash equal to the then-current market value"
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.
equity compensation financial
"These shares were issued to the director in lieu of a portion of his cash retainer."
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Carroll James A

(Last)(First)(Middle)
C/O AH REALTY TRUST, INC.
4605 COLUMBUS STREET

(Street)
VIRGINIA BEACH VIRGINIA 23462

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
AH Realty Trust, Inc. [ AHRT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/16/2026A757(1)A$6.80843,675D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Time-Based LTIP Units(2)(3) (2)(3) (2)(3)Common Stock12,91912,919D
Common Units(3)(4) (3)(4) (3)(4)Common Stock4,6454,645D
Explanation of Responses:
1. These shares were issued to the director in lieu of a portion of his cash retainer.
2. 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.
3. 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.
4. Represents Common Units. All Common Units reflected in this report may be tendered for redemption by the holder.
Remarks:
/s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for James A. Carroll06/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did AH Realty Trust (AHRT) director James A. Carroll report on this Form 4?

He reported receiving 757 shares of common stock as equity compensation in lieu of part of his cash retainer. The filing also updates his total direct common stock and partnership unit-based holdings after this grant.

How many AH Realty Trust (AHRT) common shares does the director hold after the transaction?

Following the grant, he directly holds 43,675 shares of AH Realty Trust common stock. This reflects the newly awarded 757 shares added to his existing position and represents his updated direct non-derivative ownership.

What are Time-Based LTIP Units reported by AH Realty Trust (AHRT) director?

Time-Based LTIP Units are long-term incentive partnership units in AH Realty Trust, LP that vest over time. Once vested and after a two-year period from grant, they can be converted into Common Units and then into AH Realty Trust common stock, subject to partnership agreement conditions.

How many Time-Based LTIP Units linked to AH Realty Trust (AHRT) stock does he hold?

He holds Time-Based LTIP Units corresponding to 12,919 underlying shares of AH Realty Trust common stock. These units have no expiration date and become convertible into Common Units after vesting and the required post-grant waiting period, except in a defined Change of Control.

What Common Units in AH Realty Trust (AHRT) did the director report on this Form 4?

He reported Common Units in AH Realty Trust, LP representing 4,645 underlying shares of common stock. Each Common Unit is redeemable for cash equal to the then-current market value of one share, or, at the company’s election, one share of common stock.

Was there any open-market buying or selling of AH Realty Trust (AHRT) stock in this Form 4?

No open-market purchases or sales were reported. The primary transaction was a grant of 757 common shares as compensation, while the Common Units and Time-Based LTIP Units entries update existing derivative-style holdings rather than record market trades.