Armada Hoffler grants $2.5M retention LTIP units to two execs, adopts bonus equity program

AH Realty Trust, Inc.

Retention awards of $1.5M to CEO Tibbetts and $1.0M to CFO Barnes-Smith, vesting over 3 years plus 1-year holding period.
New Alignment of Interest Program lets senior leaders elect to receive up to 100% of cash bonus in LTIP units at 100% or 125% face value.
Vested units have 3-year vesting; unvested units at 125% face value and held for 1 year post-vesting.
Severance Plan amended so performance awards upon Change in Control vest at greater of target or actual performance.

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