4//SEC Filing
NUNNELEY MARK 4
Accession 0001104659-23-029622
CIK 0001232582other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 5:02 PM ET
Size
12.6 KB
Accession
0001104659-23-029622
Insider Transaction Report
Form 4
NUNNELEY MARK
Chief Accounting Officer
Transactions
- Award
Performance LTIP Units (2023)
2023-03-03+63,285→ 63,285 totalExercise: $0.00From: 2025-12-31Exp: 2025-12-31→ Common Stock (63,285 underlying)
Holdings
- 11,641
Common Stock
- 123,698(indirect: By LLC)
Performance LTIP Units (2022)
Exercise: $0.00From: 2024-12-31Exp: 2024-12-31→ Common Stock (123,698 underlying) - 4,718
Common Limited Partnership Units
Exercise: $0.00→ Common Stock - 12,215
Performance Stock Units (2021)
Exercise: $0.00From: 2023-12-31Exp: 2023-12-31→ Common Stock (12,215 underlying)
Footnotes (7)
- [F1]Each performance LTIP unit ("Performance LTIP Unit") award represents a special long-term incentive partnership unit ("LTIP Unit") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"), subject to specified performance-based vesting criteria.
- [F2]The Reporting Person received the Performance LTIP Units and LTIP Units awards reported herein under the Issuer's 2021 Stock Incentive Plan.
- [F3]Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 250% of the target number of LTIP Units. The actual number of Performance LTIP Units that may vest can range from 0% to 250% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units, will generally vest on December 31, 2024 (with respect to the 2022 grant) and December 31, 2025 (with respect to the 2023 grant). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 4 discussing the convertibility of the Common Units.
- [F4]Common Limited Partnership Units ("Common Units") of the Subsidiary. Common 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.
- [F5]The Common Units do not have an expiration date.
- [F6]Reflects aggregate number of Common Units currently held by the Reporting Person, some of which have been converted from special long-term incentive partnership units of the Subsidiary by the Reporting Person. See Footnote 4 discussing the convertibility of the Common Units.
- [F7]Each performance stock unit ("Performance Stock Unit") award granted in 2021 represents a right to receive between 0% and 250% of the target number of Performance Stock Units reflected in the table.
Documents
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeother
Related Parties
1- filerCIK 0001261029
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 5:02 PM ET
- Size
- 12.6 KB