OTTINGER JOSEPH 4
Research Summary
AI-generated summary
Host Hotels (HST) SVP Joseph Ottinger Receives Award, Withholds Shares
What Happened Joseph Ottinger, Senior Vice President & Corporate Controller of Host Hotels & Resorts (HST), had performance-based restricted stock units vest into 11,930 shares on February 17, 2026 (reported as an award/acquisition at $0.00). To cover tax withholding on the vesting, 5,946 of those shares were surrendered/disposed at $20.01 per share for proceeds of $118,979. This was not a market purchase — it was vesting of an award with routine tax withholding.
Key Details
- Transaction date: February 17, 2026.
- Award: 11,930 shares vested (reported as A — acquired at $0.00).
- Tax withholding: 5,946 shares withheld/disposed (F) at $20.01 per share, totaling $118,979.
- Original award date & conditions: Underlying RSUs granted February 8, 2023; vesting tied to relative total stockholder return vs. the NAREIT Lodging & Resort Index and certain Adjusted EBITDAre targets (see footnote).
- Shares owned after transaction: Not specified in the provided filing.
- Filing timing: Report filed Feb 19, 2026 for Feb 17 transactions — appears timely (no late filing indicated).
Context This was a performance-RSU vesting event (not an open-market sale). The disposal of 5,946 shares was a tax-withholding/cashless settlement to satisfy tax liability on the vested award — a common, administrative action that does not necessarily reflect the insider’s view of the company’s stock.