Form 4 for BHR Braemar Hotels & Resorts Inc.
Accepted 2025-06-17 00:00:00 ET · period of report 2025-06-13 · accession 0001104659-25-060388 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2025-06-17 | 2025-06-13 | BHR | Bennett Monty J | Dir | A - Grant | $0.00 | +735.0K | 735.0K | New | $0 |
| DI | 2025-06-17 | 2025-06-13 | BHR | Bennett Monty J | Dir | F - Tax | $2.49 | -289.2K | 445.8K | -39% | -$720.1K |
| DI | 2025-06-17 | 2025-06-13 | BHR | Bennett Monty J | Dir | D - Sale to Iss | $0.00 | -735.0K | 0 | -100% | $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 | 2025-06-13 | A | A | 734,979 | $0.00 | 734,979 | I By Texas Yarrow 2021 PS | — | — | |
| 2 | Common | Common Stock | 2025-06-13 | F | D | 289,215 | $2.49 | 445,764 | I By Texas Yarrow 2021 PS | — | — | (F10) Represents the closing price of the common stock on June 12, 2025, the last trading day before the date of forfeiture. |
| 3 | Derivative | LTIP Units | 2025-06-13 | D | D | 734,979 | $0.00 | 0 | I By Texas Yarrow 2021 PS | — · — to — | 734,979 Common Stock | (F2) Represented special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) were redeemable for Common Partnership Units at the option of the Reporting Person. See Footnote 8 discussing redemption of Common Partnership Units. (F1) On June 13, 2025, the Reporting Person entered into an Exchange Agreement (the "Exchange Agreement") with the Issuer pursuant to which the Reporting Person exchanged a number of vested LTIP Units (as defined below) for an equal number of shares of common stock in a Rule 16b-3 exempt transaction. No other consideration was involved in connection with the Exchange Agreement. (F5) Neither the Common Partnership Units nor vested LTIP Units (including any LTIP Units awarded upon achievement of the specified performance criteria relating to vested Performance LTIP Units) have an expiration date. |