Director Stock Compensation
AH Realty Trust Directors Receive Company Equity Instead of Cash Retainers
Anonymous
Key Points
1
James A. Carroll’s Form 4 was signed on September 16, 2026, by Matthew T. Barnes-Smith as Carroll’s attorney-in-fact.
2
The Time-Based LTIP Units held by both Carroll and Wimbush do not expire, although their conversion into operating-partnership Common Units is generally restricted until two years after the grant date.
3
The operating-partnership Common Units reported by Carroll and Wimbush may be tendered for redemption by the holders, rather than merely being held as nonredeemable equity interests.
4
The Common Units’ redemption feature gives the holder a choice of cash based on the then-current market value of one AH Realty Trust common share, while AH Realty Trust may instead elect to issue one common share.
Three directors at AH Realty Trust received company stock instead of cash on September 15, 2026. James A. Carroll got 941 shares valued at $6.472 each, while Frederick Blair Wimbush and Theodore Bigman received 2,800 and 2,317 shares respectively. The equity awards boosted their existing stakes in the real estate investment trust.
Carroll's Holdings Expand With Stock Award
James A. Carroll now directly holds 44,616 common shares after the 941-share grant on September 15. MarketScreener reported the award valued at approximately $6,093. Beyond common stock, Carroll also holds 19,633 time-based LTIP units and 9,626 operating-partnership common units. Attorney Matthew T. Barnes-Smith signed Carroll's Form 4 filing on September 16, acting as his attorney-in-fact.
Wimbush's Direct Stake Climbs Above 48,000 Shares
Frederick Blair Wimbush's direct holdings jumped to 48,017.807 shares following his 2,800-share equity award. The grant added roughly $18,121 in value at the stated price of $6.472 per share. Wimbush also maintains 19,633 time-based LTIP units and 4,981 partnership common units as part of his total compensation package.
LTIP Units Lock Up For Two Years After Grant
The time-based LTIP units held by both Carroll and Wimbush have no expiration date but come with a restriction. Holders cannot convert these units into operating-partnership common units until two years after the grant date. The only exception is during a change of control event, which would trigger immediate conversion rights.
Partnership Units Give Directors Redemption Flexibility
The operating-partnership common units differ from standard equity. Holders can tender these units for redemption and choose cash based on the current market value of one AH Realty Trust common share. Alternatively, the company can elect to issue one common share instead of paying cash. This redemption feature gives directors a liquid exit option.
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