Bluerock Homes Trust (BHM) director reports 7,824 vested LTIP Units
Rhea-AI Filing Summary
Bluerock Homes Trust, Inc. director reported receiving long-term incentive plan units, or LTIP Units, in Bluerock Residential Holdings, LP, the operating partnership of which the company is the general partner. The filing shows an acquisition of 7,824 LTIP Units, each tied to an equal number of shares of Class A common stock.
The LTIP Units are fully vested and can convert into operating partnership units once their capital accounts match those of units held by the company. After a one-year holding period (including time held as LTIP Units), they may be redeemed for cash or, at the company’s option, settled in shares of Class A common stock on a one-for-one basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jafarnia Kamal
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 7,824 | $0.00 | $0.00 |
Holdings After Transaction:
LTIP Units — 27,820 shares (Direct)
Footnotes (1)
- F1. Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. The LTIP Units are fully vested and may convert to OP Units upon reaching capital account equivalency with the OP Units held by the Issuer, and may then be redeemed for cash, or at the option of the Issuer and after a one year holding period (including any period during which the LTIP Units were held), settled in shares of the Issuer's Class A common stock on a one-for-one basis.
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FAQ
What insider transaction did Bluerock Homes Trust (BHM) disclose?
A director of Bluerock Homes Trust, Inc. reported receiving 7,824 long-term incentive plan (LTIP) Units in the company’s operating partnership.
What are the LTIP Units reported for Bluerock Homes Trust (BHM)?
The filing describes LTIP Units in Bluerock Residential Holdings, LP that are fully vested and can ultimately relate to shares of Class A common stock on a one-for-one basis after certain conditions are met.
How can the Bluerock Homes Trust LTIP Units convert into common stock?
The LTIP Units may convert into operating partnership units once their capital accounts match those of other units, and after a one-year holding period they may be settled in Class A common stock on a one-for-one basis at the issuer’s option.
Are the Bluerock Homes Trust LTIP Units fully vested?
Yes. The filing states that the LTIP Units are fully vested at the time of reporting.
Can the Bluerock Homes Trust LTIP Units be redeemed for cash?
Yes. After conversion to operating partnership units, the LTIP Units may be redeemed for cash or, at the issuer’s option, settled in Class A common stock.
Who signed the Bluerock Homes Trust insider transaction report?
The report was signed by /s/ Christopher J. Vohs as attorney-in-fact for the reporting person.