AH Realty Trust director granted 11,695 LTIP units
AH Realty Trust, Inc. director Theodore Bigman received a grant of 11,695 Time-Based LTIP Units as equity compensation.
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Form Type
4
Rhea-AI Filing Summary
AH Realty Trust, Inc. director Theodore Bigman received a grant of 11,695 Time-Based LTIP Units as equity compensation. These units are tied to an equal number of shares of common stock and were awarded at no exercise or conversion price.
The grant consists of unvested Time-Based LTIP Units that will fully vest on the date of the company’s 2027 Annual Meeting of Stockholders. After vesting and subject to the operating partnership agreement, the units can be converted into common units and ultimately redeemed for cash or, at the company’s election, shares of common stock.
Insider Trade Summary
Grant/Award: 11,695 shares
Grant/Award
1 txn
Insider
BIGMAN THEODORE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Time-Based LTIP Units | 11,695 | $0.00 | $0.00 |
Holdings After Transaction:
Time-Based LTIP Units — 11,695 contracts (Direct)
Footnotes (3)
- 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.
Key Figures
LTIP Units Granted: 11,695 units
Underlying Common Stock: 11,695 shares
Exercise/Conversion Price: $0.0000 per unit
+1 more
4 metrics
LTIP Units Granted
11,695 units
Time-Based LTIP Units granted to director on 2026-06-17
Underlying Common Stock
11,695 shares
Shares of common stock underlying the Time-Based LTIP Units
Exercise/Conversion Price
$0.0000 per unit
Price for Time-Based LTIP Units and underlying common stock
Post-transaction LTIP Holdings
11,695 units
Total Time-Based LTIP Units held after this grant
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)"
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 for cash financial
"Each Common Unit is redeemable for cash equal to the then-current market value of one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AH Realty Trust (AHRT) report on this Form 4?
AH Realty Trust reported a grant of 11,695 Time-Based LTIP Units to director Theodore Bigman. These units are derivative equity awards that can later convert into common units and ultimately be redeemed for cash or common stock, subject to vesting and partnership agreement terms.
How many Time-Based LTIP Units did the AHRT director receive and at what price?
The director received 11,695 Time-Based LTIP Units at an exercise and conversion price of $0.0000 per unit. The award represents compensation rather than an open-market purchase, aligning the director’s interests with shareholders through potential future conversion into common-equity-linked interests.
When will the granted AHRT Time-Based LTIP Units vest for the director?
All 11,695 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 convert into common units under the operating partnership agreement, creating a multi-year incentive horizon for the director.
Can the AHRT Time-Based LTIP Units be converted immediately into common units or stock?
The Time-Based LTIP Units cannot be converted immediately. Under the award and partnership agreements, they first must vest, and—except in a Change of Control—cannot be converted into common units until two years after the grant date, providing a long-term alignment mechanism.
What can AHRT common units from these LTIP awards be exchanged for after conversion?
Each common unit obtained from the Time-Based LTIP Units is redeemable for cash equal to the then-current market value of one AH Realty Trust common share or, at the company’s election, one share of common stock, offering flexibility in settlement form once all conditions are met.
Does this AHRT Form 4 reflect a market buy or sell by the director?
The filing does not reflect a market buy or sell. It reports a compensation-related grant classified as a derivative transaction with a grant or award acquisition code, indicating the director received Time-Based LTIP Units rather than trading existing shares on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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