AH Realty Trust director exercises LTIP units
AH Realty Trust director James C. Cherry reported equity award activity and updated holdings.
Rhea-AI Filing Summary
AH Realty Trust director James C. Cherry reported equity award activity and updated holdings. On July 1, 2026, he exercised 4,981 Time-Based LTIP Units into 4,981 Common Units, each redeemable for cash equal to or, at the company’s election, one share of common stock.
After these transactions, he directly holds 52,342 shares of common stock, 12,000 shares of 6.75% Series A Preferred Stock, 9,626 Common Units, and 19,633 Time-Based LTIP Units. The filing reflects conversion and holding updates rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,962 shares exercised/converted
Exercise
4 txns
Insider
Cherry James C.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Time-Based LTIP Units | 4,981 | $0.00 | $0.00 |
| In-the-Money Exercise | Common Units | 4,981 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | 6.75% Series A Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Time-Based LTIP Units — 19,633 contracts (Direct);
Common Units — 9,626 contracts (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 the conversion of Time-Based LTIP Units granted on July 1, 2024 into Common Units at the election of the reporting person.
- 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 exercised: 4,981 units
Common Units after transaction: 9,626 units
Time-Based LTIP Units remaining: 19,633 units
+3 more
6 metrics
Time-Based LTIP Units exercised
4,981 units
Converted into 4,981 Common Units on July 1, 2026
Common Units after transaction
9,626 units
Common Units directly held following July 1, 2026 exercise
Time-Based LTIP Units remaining
19,633 units
Time-Based LTIP Units directly held after reported conversion
Common stock held
52,342 shares
Direct common stock holdings following July 1, 2026
Series A Preferred Stock held
12,000 shares
6.75% Series A Preferred Stock directly held
Total derivative exercises
9,962 units
Aggregate derivative exercise shares across two transactions
Key Terms
Time-Based LTIP Units, Common Units, Change of Control, redeemable, +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")"
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"
operating partnership financial
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AH Realty Trust (AHRT) director James C. Cherry report?
Director James C. Cherry reported exercising 4,981 Time-Based LTIP Units into 4,981 Common Units on July 1, 2026. This was a derivative exercise related to equity awards, not an open-market stock purchase or sale.
What are Time-Based LTIP Units reported by AH Realty Trust (AHRT)?
Time-Based LTIP Units are long-term incentive partnership units in AH Realty Trust, LP. After vesting and subject to the partnership agreement, they can convert into Common Units, which are then redeemable for cash or, at the company’s election, common stock.
What preferred stock holdings does James C. Cherry report in AH Realty Trust (AHRT)?
The Form 4 shows James C. Cherry directly holding 12,000 shares of AH Realty Trust’s 6.75% Series A Preferred Stock. This preferred position is reported alongside his common stock and partnership unit holdings.
What are Common Units in AH Realty Trust’s (AHRT) operating partnership?
Common Units are units of limited partnership interest in AH Realty Trust, LP. Each Common Unit is redeemable for cash equal to the market value of one common share or, at the company’s election, one share of AH Realty Trust common stock.
Did the AH Realty Trust (AHRT) Form 4 show any open-market stock sales or purchases?
The Form 4 does not report open-market purchases or sales. It primarily reflects derivative exercises and updated holdings, including conversion of Time-Based LTIP Units into Common Units tied to AH Realty Trust common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
