Form 4 for AHT ASHFORD HOSPITALITY TRUST INC
Accepted 2022-03-15 00:00:00 ET · period of report 2022-03-11 · accession 0001104659-22-034114 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-15 | 2022-03-11 | AHT | Bennett Monty J | Dir | F - Tax | $8.56 | -182 | 4,239 | -4% | -$1,558 |
| DI | 2022-03-15 | 2022-03-15 | AHT | Bennett Monty J | Dir | A - Grant | $0.00 | +481.1K | 481.1K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-11 | F | D | 182 | $8.56 | 4,239 | D | — | — | (F2) Represents the closing price of the common stock on March 10, 2022, the last trading day before the date of forfeiture. |
| 2 | Derivative | Performance LTIP Units (2022) | 2022-03-15 | A | A | 481,050 | $0.00 | 481,050 | I Texas Yarrow LLC - 2022 PS | $0.00 · 2024-12-31 to 2024-12-31 | 481,050 Common Stock | (F5) Each performance LTIP unit ("Performance LTIP Unit") award represents an LTIP Unit (as defined below) subject to specified performance-based vesting criteria. (F7) Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 250% of the target number of LTIP Units. The actual number of Performance LTIP Units that may vest can range from 0% to 250% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units will generally vest on December 31, 2023 (with respect to the 2021 grant) and December 31, 2024 (with respect to the 2022 grant). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 12 discussing the convertibility of the Common Units. (F6) The Reporting Person received the Performance LTIP Units and LTIP Units awards reported herein under the Issuer's 2021 Stock Incentive Plan. |