ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 3, 2021, Apartment Investment and Management Company (the "Company") announced that Deborah Smith had been appointed to the Board of Directors. This amendment to the Company's Form 8-K dated February 3, 2021, is being filed to clarify that Ms. Smith's appointment was made on January 27, 2021, and that Ms. Smith will participate in the compensation program for the Company's independent directors, which consists of an initial award of 34,000 shares of the Company's Class A Common Stock and, for service in 2021, an annual fee of 16,234 shares of the Company's Class A Common Stock and an annual cash retainer of $75,000, paid quarterly.

ITEM 9.01. Financial Statements and Exhibits.



(d) Exhibits

Exhibit No.    Description
104            Cover Page Interactive Data File (embedded within the Inline XBRL
               document)

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