4//SEC Filing
Johnson Rebeca M 4
Accession 0001104659-23-059782
CIK 0001574085other
Filed
May 11, 8:00 PM ET
Accepted
May 12, 4:29 PM ET
Size
6.3 KB
Accession
0001104659-23-059782
Insider Transaction Report
Form 4
Johnson Rebeca M
Director
Transactions
- Award
LTIP Units
2023-05-10+14,925→ 29,850 totalExercise: $0.00→ 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 Unit awards reported herein were issued as a grant under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan upon the Reporting Person's re-election to the Issuer's Board of Directors.
- [F3]The LTIP Units have no expiration date.
Documents
Issuer
Braemar Hotels & Resorts Inc.
CIK 0001574085
Entity typeother
Related Parties
1- filerCIK 0001310931
Filing Metadata
- Form type
- 4
- Filed
- May 11, 8:00 PM ET
- Accepted
- May 12, 4:29 PM ET
- Size
- 6.3 KB