4//SEC Filing
Evans Mary Candace 4
Accession 0001104659-20-066376
CIK 0001574085other
Filed
May 26, 8:00 PM ET
Accepted
May 27, 4:05 PM ET
Size
6.9 KB
Accession
0001104659-20-066376
Insider Transaction Report
Form 4
Evans Mary Candace
Director
Transactions
- Award
LTIP Units
2020-05-22$2.42/sh+4,262$10,314→ 15,662 totalExercise: $0.00→ Common Stock
Holdings
- 1,125
Common Stock
Footnotes (3)
- [F1]Fully vested 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 Limited Partnership Units of the Subsidiary ("Common Partnership Units"), are convertible into Common Partnership Units at the option of the Reporting Person. Common Partnership Units are redeemable for cash or, at the option of the Issuer, convertible into shares of the Issuer's common stock on a 1-for-1 basis.
- [F2]The LTIP Units were issued to the Reporting Person under the Issuer's 2013 Equity Incentive Plan in lieu of 25% of the annual cash retainers (as such cash retainers were reduced in March 2020) that would otherwise be payable to the Reporting Person under the Issuer's non-employee director compensation program for a one-year period and are fully vested.
- [F3]The LTIP Units have no expiration date.
Documents
Issuer
Braemar Hotels & Resorts Inc.
CIK 0001574085
Entity typeother
Related Parties
1- filerCIK 0001780661
Filing Metadata
- Form type
- 4
- Filed
- May 26, 8:00 PM ET
- Accepted
- May 27, 4:05 PM ET
- Size
- 6.9 KB