Armada Hoffler awards ~$2.2M in equity to CEO and CFO; adds Performance LTIP Units

AH Realty Trust, Inc.

CEO Tibbetts receives $850K time-based and $750K performance LTIP Units; CFO Barnes-Smith receives $325K time-based and $300K performance.
Time-based units vest ratably over three years; performance units vest based on relative TSR vs. REIT peers over three years.
Performance payout ranges from 0% (below 25th percentile) to 200% of target (75th percentile and above).
Partnership agreement amended to add Performance LTIP Units and rename unit classes; no outstanding Class B or C units.

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