Evans Mary Candace 4
4 · Braemar Hotels & Resorts Inc. · Filed Aug 10, 2021
Insider Transaction Report
Form 4
Evans Mary Candace
Director
Transactions
- Purchase
Series E Redeemable Preferred Stock
2021-08-06$22.50/sh+1,000$22,500→ 1,000 total
Holdings
- 1,125
Common Stock
- 31,791
LTIP Units
Exercise: $0.00→ Common Stock
Footnotes (2)
- [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 have no expiration date.