Form 4 for BHR Braemar Hotels & Resorts Inc.
Accepted 2022-03-15 00:00:00 ET · period of report 2022-03-11 · accession 0001104659-22-034120 · 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 | BHR | Stockton Richard J | CEO, Pres | F - Tax | $6.04 | -5,681 | 155.9K | -4% | -$34.3K |
| D | 2022-03-15 | 2022-03-15 | BHR | Stockton Richard J | CEO, Pres | A - Grant | $0.00 | +418.4K | 418.4K | 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 | 5,681 | $6.04 | 155,897 | 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 | 418,372 | $0.00 | 418,372 | D | $0.00 · 2024-12-31 to 2024-12-31 | 418,372 Common Stock | (F3) Each performance LTIP Unit ("Performance LTIP Unit") award represents a special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"), subject to performance-based vesting criteria. (F5) Represents the maximum number of LTIP Units that may vest pursuant to the 2021 and 2022 awards of Performance LTIP Units, which is 200% of the target number of LTIP Units. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified performance metrics. Assuming continued service through the vesting date and minimum achievement of the specified performance metrics, the Performance LTIP Units will generally vest on December 31, 2023 (with respect to the 2021 Performance LTIP Units) and December 31, 2024 (with respect to the 2022 Performance LTIP Units). See Footnote 6 discussing the convertibility of vested LTIP Units. (F4) The Reporting Person received the Performance LTIP Units and LTIP Units awards reported herein under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan. |