STOCK TITAN

Apartment Investment & Management (NYSE: AIV) CAO withholds 4,953 shares for tax

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Apartment Investment & Management Co Senior Vice President and CAO Kellie Dreyer reported a disposition of 4,953 shares of Class A Common Stock on August 1, 2026. The shares were used to pay an exercise price or tax liability at $2.69 per share, leaving 92,782 shares directly owned.

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Insider Dreyer Kellie
Role Senior Vice President and CAO
Type Security Shares Price Value
Exercise Price or Tax Liability Class A Common Stock 4,953 $2.69 $13K
Holdings After Transaction: Class A Common Stock — 92,782 shares (Direct)
Shares withheld 4,953 shares Class A Common Stock used to pay exercise price or tax liability on August 1, 2026
Per-share value $2.69 per share Value assigned to shares withheld for exercise price or tax liability payment
Shares owned after transaction 92,782 shares Directly owned Apartment Investment & Management Class A Common Stock following the Form 4 transaction
Exercise-price-or-tax-liability shares 4,953 shares Total shares used for exercise price or tax liability in this filing
Class A Common Stock financial
"security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
exercise price financial
"Payment of exercise price or tax liability by delivering or withholding securities"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did AIV executive Kellie Dreyer report?

Kellie Dreyer reported a disposition of 4,953 shares of Apartment Investment & Management Class A Common Stock. The shares were withheld to pay an exercise price or tax liability, rather than sold in an open-market transaction.

At what price were the AIV shares valued in Kellie Dreyer’s Form 4?

The 4,953 shares were valued at $2.69 per share. This per-share value is used to determine the amount applied toward the exercise price or tax liability associated with the underlying equity compensation event.

How many AIV shares does Kellie Dreyer hold after this transaction?

After the transaction, Kellie Dreyer directly owns 92,782 shares of Apartment Investment & Management Class A Common Stock. This figure reflects her direct ownership position immediately following the tax-related share disposition.

What does the transaction code F mean in this AIV Form 4?

Transaction code F indicates payment of an exercise price or tax liability by delivering or withholding securities. In this case, 4,953 AIV shares were withheld rather than representing a traditional open-market purchase or sale.

Was Kellie Dreyer’s AIV share transaction under a Rule 10b5-1 plan?

The Form 4 did not check the box indicating the transaction was made pursuant to a Rule 10b5-1 trading plan. No additional footnotes describe any pre-arranged trading plan for this tax-related share disposition.
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*
Dreyer Kellie

(Last)(First)(Middle)
4582 S. ULSTER ST.
SUITE 1450

(Street)
DENVER COLORADO 80237

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
APARTMENT INVESTMENT & MANAGEMENT CO [ AIV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Senior Vice President and CAO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2026
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
Class A Common Stock08/01/2026F4,953D$2.6992,782D
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
Explanation of Responses:
Jennifer Johnson as attorney-in-fact for Kellie Dreyer08/03/2026
** 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)