Comp grant: Bluerock Homes Trust (BHM) president receives 5,450 LTIP units
Rhea-AI Filing Summary
Bluerock Homes Trust, Inc. reported that President Jordan B. Ruddy received a grant of 5,450 LTIP Units as compensation. The award was issued at a price of $0.00 per unit in connection with the manager’s base management fee and reimbursement of a portion of Ruddy’s salary for the first quarter of 2026.
Following this grant, Ruddy directly holds 244,258 LTIP Units. According to the terms, these fully vested LTIP Units may convert into OP Units after reaching capital account equivalency and can then be redeemed for cash or, at the issuer’s option after a one-year holding period, settled in Class A common stock on a one-for-one basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ruddy Jordan B.
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 5,450 | $0.00 | $0.00 |
Holdings After Transaction:
LTIP Units — 244,258 shares (Direct)
Footnotes (1)
- F1. Represents long-term incentive plan units ("LTIP Units") issued in partial satisfaction of the Issuer's Base Management Fee obligation to Bluerock Homes Manager, LLC (the "Manager") for the first quarter of 2026 and in satisfaction of the Manager's reimbursement obligation to its affiliate, Bluerock Real Estate Holdings, LLC ("BREH"), for a portion of the salary payable by BREH to the Reporting Person for the quarter ending March 31, 2026 for services provided to the Manager in the Reporting Person's capacity as President thereof. These LTIP Units were fully vested upon issuance, 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.
Key Figures
LTIP Units granted: 5,450 units
Grant price: $0.00 per unit
LTIP Units after transaction: 244,258 units
+1 more
4 metrics
LTIP Units granted
5,450 units
Grant to President on 2026-05-12
Grant price
$0.00 per unit
Compensation-related LTIP award
LTIP Units after transaction
244,258 units
Total LTIP holdings for President following grant
Underlying Class A common stock
5,450 shares
Underlying shares tied to new LTIP Units
Key Terms
LTIP Units, Base Management Fee, OP Units, capital account equivalency, +1 more
5 terms
LTIP Units financial
"Represents long-term incentive plan units ("LTIP Units") issued in partial satisfaction"
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
Base Management Fee financial
"issued in partial satisfaction of the Issuer's Base Management Fee obligation"
OP Units financial
"may convert to OP Units upon reaching capital account equivalency"
OP units are ownership stakes in an operating partnership that sits beneath a public parent company, commonly used by real estate and energy firms to hold assets and distributions. Think of them like special shares in a subsidiary: they give economic rights to profits and cash payouts but are structured differently from the parent’s common stock, so investors watch OP unit issuance because it can change the effective ownership, future distributions, and potential dilution of the parent company’s equity.
capital account equivalency financial
"may convert to OP Units upon reaching capital account equivalency with the OP Units"
Class A common stock financial
"settled in shares of the Issuer's Class A common stock on a one-for-one basis"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Bluerock Homes Trust (BHM) report for its president?
Bluerock Homes Trust reported that President Jordan B. Ruddy received a grant of 5,450 LTIP Units as compensation. The units were awarded at $0.00 per unit related to management fees and partial salary reimbursement for the first quarter of 2026.
How many LTIP Units did BHM’s president receive in this Form 4 filing?
President Jordan B. Ruddy received 5,450 LTIP Units in this transaction. These units are part of long-term incentive compensation and are tied to the manager’s base management fee and reimbursement of a portion of his salary for the quarter ending March 31, 2026.
What are LTIP Units in the Bluerock Homes Trust (BHM) Form 4 filing?
The LTIP Units are long-term incentive plan units granted as compensation. They were fully vested upon issuance and may convert into OP Units once capital account equivalency is reached, and later can be redeemed for cash or settled in Class A common stock on a one-for-one basis.
How many LTIP Units does BHM’s president hold after this compensation grant?
After receiving 5,450 additional LTIP Units, President Jordan B. Ruddy directly holds 244,258 LTIP Units. This figure reflects his position following the reported grant and provides context for the scale of this compensation-related award relative to his total LTIP holdings.
Does the BHM Form 4 show the president buying or selling stock in the market?
The Form 4 reflects a grant of LTIP Units as compensation rather than an open-market stock purchase or sale. The units were issued at $0.00 per unit and may later convert and be redeemed, but no market buy or sell occurred in this transaction.
How can the LTIP Units granted to BHM’s president ultimately be settled?
The LTIP Units may first convert to OP Units after achieving capital account equivalency. They can then be redeemed for cash or, at Bluerock Homes Trust’s option and after a one-year holding period, settled in shares of Class A common stock on a one-for-one basis.