LENTZ MICHAEL E 4
Research Summary
AI-generated summary
Host Hotels (HST) EVP Michael Lentz Receives Award; Shares Withheld
What Happened
- Michael E. Lentz, EVP — Development, D&C at Host Hotels & Resorts (HST), had performance-based restricted stock units vest on Feb 17, 2026. He was issued 69,073 shares (code A, acquired at $0.00).
- To satisfy tax withholding on the vesting, 27,181 shares were surrendered/disposed (code F) at an indicated value of $20.01 per share, for a withholding amount of about $543,892.
Key Details
- Transaction date: 2026-02-17; Form filed: 2026-02-19 (timely within the Form 4 window).
- Award grant date / original award: February 8, 2023 (performance-based RSUs).
- Transaction codes: A = award/acquisition (69,073 shares), F = payment of tax liability via share withholding (27,181 shares @ $20.01).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: Vesting occurred because performance goals tied to relative total shareholder return (vs. the NAREIT Lodging & Resort Index) and certain Adjusted EBITDAre targets were met.
Context
- This was a vesting of previously granted performance RSUs, not an open-market purchase or discretionary sale. The withholding of shares to cover taxes is a routine administrative step and does not necessarily reflect a change in insider sentiment.
- The filing shows the net effect of the vesting and tax withholding; there is no indication additional shares were sold on the open market.