4//SEC Filing
NUNNELEY MARK 4
Accession 0001104659-23-032829
CIK 0001232582other
Filed
Mar 14, 8:00 PM ET
Accepted
Mar 15, 4:32 PM ET
Size
12.8 KB
Accession
0001104659-23-032829
Insider Transaction Report
Form 4
NUNNELEY MARK
Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
2023-03-13$3.78/sh−41$155→ 11,600 total
Holdings
- 63,285
Performance LTIP Units (2023)
Exercise: $0.00From: 2025-12-31Exp: 2025-12-31→ Common Stock (63,285 underlying) - 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 (8)
- [F1]Represents shares of common stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the vesting of restricted stock held by the Reporting Person.
- [F2]Represents the closing price of the common stock on March 10, 2023, the last trading day before the date of forfeiture.
- [F3]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.
- [F4]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 5 discussing the convertibility of the Common Units.
- [F5]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.
- [F6]The Common Units do not have an expiration date.
- [F7]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 5 discussing the convertibility of the Common Units.
- [F8]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 14, 8:00 PM ET
- Accepted
- Mar 15, 4:32 PM ET
- Size
- 12.8 KB