4//SEC Filing
Hays J Robison III 4
Accession 0001104659-23-061838
CIK 0001232582other
Filed
May 16, 8:00 PM ET
Accepted
May 17, 4:15 PM ET
Size
13.2 KB
Accession
0001104659-23-061838
Insider Transaction Report
Form 4
Hays J Robison III
Director
Transactions
- Tax Payment
Common Stock
2023-05-15$3.74/sh−7,123$26,640→ 89,976 total
Holdings
- 87,338
Performance Stock Units (2023)
Exercise: $0.00From: 2025-12-31Exp: 2025-12-31→ Common Stock (87,338 underlying) - 4,680
Common Limited Partnership Units
Exercise: $0.00→ Common Stock (4,680 underlying) - 42,752
Performance Stock Units (2021)
Exercise: $0.00From: 2023-12-31Exp: 2023-12-31→ Common Stock (42,752 underlying) - 377,688
Performance LTIP Units (2022)
Exercise: $0.00From: 2024-12-31Exp: 2024-12-31→ Common Stock (377,688 underlying)
Footnotes (9)
- [F1]Represents shares of common stock forfeited to the Issuer to satisfy tax-withholding obligations 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 May 12, 2023, the last trading day before the date of forfeiture.
- [F3]Each performance stock unit ("Performance Stock Unit") award granted in 2021 and 2023 represents a right to receive between 0% and 250% of the target number of Performance Stock Units reflected in the table.
- [F4]Represents the target number of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 250% of the target number of Performance Stock Units reported, 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 returns, the Performance Stock Units, as adjusted, will generally vest on December 31, 2023 (with respect to the 2021 grant) and December 31, 2025 (with respect to the 2023 grant).
- [F5]Each performance LTIP unit ("Performance LTIP Unit") award represents a special long-term incentive partnership unit ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary") subject to specified performance-based vesting criteria.
- [F6]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. See Footnote 7 discussing the convertibility of vested LTIP Units.
- [F7]Common Limited Partnership Units of the Subsidiary ("Common Units"). 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.
- [F8]The Common Units do not have an expiration date.
- [F9]Reflects the aggregate number of Common Units currently held directly or indirectly, as noted, by the Reporting Person, some of which may have been converted from LTIP Units by the Reporting Person since the Reporting Person's most recent Form 4 or Form 5 filing. See Footnote 7 discussing the convertibility of the Common Units.
Documents
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeother
Related Parties
1- filerCIK 0001623909
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 4:15 PM ET
- Size
- 13.2 KB