AH Realty Trust director exercises LTIP units
AH Realty Trust, Inc. director Daniel A. Hoffler reported equity award activity involving partnership units linked to the company’s common stock.
Rhea-AI Filing Summary
AH Realty Trust, Inc. director Daniel A. Hoffler reported equity award activity involving partnership units linked to the company’s common stock. On July 1, 2026, he exercised 4,981 Time-Based LTIP Units into 4,981 Common Units of AH Realty Trust, LP, the company’s operating partnership.
Each Common Unit can later be redeemed for cash equal to the market value of one share of AH Realty Trust common stock or, at the company’s election, one share of common stock. After these transactions, Hoffler directly holds 4,000 shares of 6.75% Series A Preferred Stock, 266,647 shares of common stock, 4,993,244 Common Units, and 19,633 Time-Based LTIP Units, reflecting a routine compensation-related conversion rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,962 shares exercised/converted
Exercise
4 txns
Insider
Hoffler Daniel A
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 — 4,993,244 contracts (Direct);
Common Stock — 266,647 shares (Direct);
6.75% Series A Preferred Stock — 4,000 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 converted: 4,981 units
Total derivative exercises: 9,962 units
Common Units held: 4,993,244 units
+3 more
6 metrics
Time-Based LTIP Units converted
4,981 units
Converted into 4,981 Common Units on July 1, 2026
Total derivative exercises
9,962 units
ExerciseShares across two derivative transactions
Common Units held
4,993,244 units
Common Units following derivative transactions
Remaining Time-Based LTIP Units
19,633 units
Time-Based LTIP Units after the reported conversion
Common stock held
266,647 shares
Direct common stock ownership after transactions
Preferred stock held
4,000 shares
6.75% Series A Preferred Stock holdings
Key Terms
Time-Based LTIP Units, Common Units, Change of Control, Operating Partnership, +1 more
5 terms
Time-Based LTIP Units financial
"Represents Time-Based LTIP Units ("Time-Based LTIP Units") in AH Realty Trust, LP (the "Operating Partnership")"
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.
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.
redemption financial
"Each Common Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock"
Redemption is when an issuer or holder settles a financial instrument by paying it off or returning it for cash, such as a bond being paid at maturity or a preferred share bought back by the company. It matters to investors because redemption changes when and how they get their money back, can cut off future income from the investment, and affects the issuer’s cash needs—think of it like a loan being paid off early or a store refunding a returned purchase.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AH Realty Trust (AHRT) director Daniel A. Hoffler report in this Form 4?
Daniel A. Hoffler reported exercising Time-Based LTIP Units into Common Units of AH Realty Trust, LP. These partnership units are linked to AH Realty Trust common stock and represent equity compensation activity rather than open-market stock purchases or sales.
How many Time-Based LTIP Units did Daniel A. Hoffler convert in AHRT?
Hoffler converted 4,981 Time-Based LTIP Units into 4,981 Common Units of the operating partnership. These units were originally granted on July 1, 2024, and became eligible for conversion under the partnership agreement and related award terms.
What are Common Units and how do they relate to AHRT common stock?
Each Common Unit 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 actual common share. This structure effectively ties Common Units’ value directly to the company’s common stock.
What AH Realty Trust securities does Daniel A. Hoffler hold after these transactions?
After these transactions, Hoffler directly holds 4,000 shares of 6.75% Series A Preferred Stock, 266,647 shares of common stock, 4,993,244 Common Units, and 19,633 remaining Time-Based LTIP Units. These positions reflect both direct stock ownership and operating partnership interests.
Do the Time-Based LTIP Units in AHRT have an expiration date?
Time-Based LTIP Units have no expiration date under the operating partnership agreement. Once vested and after required holding periods, they may be converted into Common Units, which can then be redeemed for cash or, at the company’s election, shares of common stock.
When can Time-Based LTIP Units in AH Realty Trust be converted to Common Units?
Under the award agreement, Time-Based LTIP Units generally may not be converted into Common Units until two years after the grant date, except in connection with a defined Change of Control. Once vested and past this period, the holder may elect to convert them.
AI-generated analysis. How Rhea-AI works. Not financial advice.
