Apartment Investment CEO converts 211K-share award

Q: How many shares were involved in AIV CEO Wesley William Powell's award conversions?

Wesley William Powell's two award-conversion entries cover 211,149 shares from a 2024 performance-based award and 165,182 shares from a 2025 performance-based award, both dated September 29, 2026.

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Rhea-AI Filing Summary

Apartment Investment & Management Co. (AIV) President and CEO Wesley William Powell reported two direct award conversions on September 29, 2026: 211,149 shares from a 2024 performance-based award and 165,182 shares from a 2025 award converted into time-based restricted stock awards covering the same number of shares. In connection with asset sales under the stockholder-approved Plan of Sale and Liquidation, a Change in Control was determined to have occurred for purposes of the award agreements, and both awards were deemed earned at target performance. A separate holding entry lists 68 Class A shares held indirectly through an individual retirement account.

Insider Trade Summary

Grant/Award: 376,331 shares

Grant/Award 3 txns

Insider Powell Wesley William

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock ^F1	211,149	--	--
Grant/Award	Class A Common Stock ^F2	165,182	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 1,007,979 shares (Direct); Class A Common Stock — 68 shares (Indirect, Held through an individual retirement account.)

Footnotes (2)

F1. Represents the conversion of a performance-based stock award granted in 2024 into a time-based restricted stock award pursuant to the Apartment Investment and Management Company Second Amended and Restated 2015 Stock Award and Incentive Plan. In connection with asset sales pursuant to the stockholder-approved Plan of Sale and Liquidation, a Change in Control was determined to have occurred for purposes of the applicable award agreement, resulting in the award being deemed earned at the target level of performance and converting into a time-based restricted stock award in respect of the same number of shares of Issuer common stock.
F2. Represents the conversion of a performance-based stock award granted in 2025 into a time-based restricted stock award pursuant to the Apartment Investment and Management Company Second Amended and Restated 2015 Stock Award and Incentive Plan. In connection with asset sales pursuant to the stockholder-approved Plan of Sale and Liquidation, a Change in Control was determined to have occurred for purposes of the applicable award agreement, resulting in the award being deemed earned at the target level of performance and converting into a time-based restricted stock award in respect of the same number of shares of Issuer common stock.

Key Figures

2024 performance-based award: 211,149 shares 2025 performance-based award: 165,182 shares Class A shares held indirectly: 68 shares

3 metrics

2024 performance-based award 211,149 shares Converted into a time-based restricted stock award on September 29, 2026.

2025 performance-based award 165,182 shares Converted into a time-based restricted stock award on September 29, 2026.

Class A shares held indirectly 68 shares Held through an individual retirement account; holding entry dated September 29, 2026.

Key Terms

performance-based stock award, time-based restricted stock award, Change in Control, target level of performance, +1 more

5 terms

performance-based stock award financial

"conversion of a performance-based stock award granted in 2024"

time-based restricted stock award financial

"into a time-based restricted stock award"

Change in Control technical

"a Change in Control was determined to have occurred"

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

target level of performance financial

"deemed earned at the target level of performance"

Plan of Sale and Liquidation financial

"stockholder-approved Plan of Sale and Liquidation"

A plan of sale and liquidation is a formal outline describing how a company’s assets will be sold and how the proceeds will be distributed to creditors, investors and other claimants during winding-up or bankruptcy. It matters to investors because it determines who gets paid, how much they can expect to recover and the timing of payments — like a structured garage sale that decides what sells first and who receives the money.

FAQ

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How many shares were involved in AIV CEO Wesley William Powell's award conversions?

Wesley William Powell's two award-conversion entries cover 211,149 shares from a 2024 performance-based award and 165,182 shares from a 2025 performance-based award, both dated September 29, 2026.

Why were Wesley William Powell's AIV awards converted?

Asset sales pursuant to the stockholder-approved Plan of Sale and Liquidation were connected with a determination that a Change in Control had occurred for purposes of the award agreements. The performance awards were deemed earned at target and converted into time-based restricted stock awards covering the same number of shares.

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

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Available on EDGAR 09/30/2026 - 07:58 PM Accepted by SEC EDGAR 09/30/2026 - 07:58 PM

SEC Form 4

FORM 4

UNITED 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^*

Powell Wesley William

(Last)

(First)

(Middle)

4582 S. ULSTER STREET

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	09/29/2026		A⁽¹⁾		211,149	A	⁽¹⁾	842,797	D
Class A Common Stock	09/29/2026		A⁽²⁾		165,182	A	⁽²⁾	1,007,979	D
Class A Common Stock								68	I	Held through an individual retirement account.

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the conversion of a performance-based stock award granted in 2024 into a time-based restricted stock award pursuant to the Apartment Investment and Management Company Second Amended and Restated 2015 Stock Award and Incentive Plan. In connection with asset sales pursuant to the stockholder-approved Plan of Sale and Liquidation, a Change in Control was determined to have occurred for purposes of the applicable award agreement, resulting in the award being deemed earned at the target level of performance and converting into a time-based restricted stock award in respect of the same number of shares of Issuer common stock.

2. Represents the conversion of a performance-based stock award granted in 2025 into a time-based restricted stock award pursuant to the Apartment Investment and Management Company Second Amended and Restated 2015 Stock Award and Incentive Plan. In connection with asset sales pursuant to the stockholder-approved Plan of Sale and Liquidation, a Change in Control was determined to have occurred for purposes of the applicable award agreement, resulting in the award being deemed earned at the target level of performance and converting into a time-based restricted stock award in respect of the same number of shares of Issuer common stock.

	Wesley W. Powell	09/30/2026
	** Signature of Reporting Person	Date
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)

Source: View Original Filing on SEC EDGAR