Evans Mary Candace 4
4 · Braemar Hotels & Resorts Inc. · Filed Nov 18, 2022
Insider Transaction Report
Form 4
Evans Mary Candace
Director
Transactions
- Purchase
Common Stock
2022-11-17$3.63/sh+2,105$7,641→ 3,230 total - Purchase
Common Stock
2022-11-17$3.64/sh+645$2,348→ 3,875 total
Holdings
- 46,716
LTIP Units
Exercise: $0.00→ Common Stock - 1,097
Series E Redeemable Preferred 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.