Bluerock Residential Growth's Chairman and CEO was just granted 47,000 restricted shares

Ramin Kamfar, Bluerock Residential Growth's Chairman and CEO and a director of the company, just received 47,000 restricted shares from the company. The restricted shares don't become available to Kamfar until such time as they become vested. Kamfar now owns at least 2,057,601 restricted shares of the company.

Some additional info was provided as follows:


Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are owned by Bluerock Real Estate, LLC, in which R. Ramin Kamfar owns a 99% direct interest. These LTIP Units will vest on the first anniversary of issuance, and may convert to units of limited partnership interest in the Ope rating Partnership ("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 Unit were held), settled in shares of the Issuer's Class A common stock on a one-for-one basis.
Represents LTIP Units issued in payment of salary for the quarter ending September 30, 2021. These LTIP Units will vest on the first anniversary of 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.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

To receive a free e-mail notification whenever Bluerock Residential Growth makes a similar move, sign up!

Auto Refresh

Feedback