4//SEC Filing
KLEISNER FRED J 4
Accession 0001104659-24-024539
CIK 0002003881other
Filed
Feb 14, 7:00 PM ET
Accepted
Feb 15, 4:16 PM ET
Size
6.6 KB
Accession
0001104659-24-024539
Insider Transaction Report
Form 4
KLEISNER FRED J
Director
Transactions
- Award
Special Limited Partnership Units
2024-02-13+1,594.7→ 1,594.7 totalExercise: $0.00→ Common Stock
Footnotes (4)
- [F1]Special long-term incentive partnership units ("LTIP Units") in Stirling REIT OP, LP, the Issuer's operating subsidiary ("Subsidiary"). LTIP Units vest on the first anniversary after issuance (February 13, 2025). Vested LTIP Units, upon achieving parity with the Common Limited Partnership Units of the Subsidiary ("Common Units"), are convertible into Common Units at the option of the Reporting Person. See Footnote 4 discussing the convertibility of Common Units.
- [F2]The LTIP Unit awards reported herein were issued as an annual grant under the Issuer's Independent Director Compensation Plan.
- [F3]Neither the LTIP Units nor the Common Units have an expiration date.
- [F4]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 as described in the Amended and Restated Agreement of the Subsidiary dated December 6, 2023.
Documents
Issuer
Stirling Hotels & Resorts, Inc.
CIK 0002003881
Entity typeother
Related Parties
1- filerCIK 0001286494
Filing Metadata
- Form type
- 4
- Filed
- Feb 14, 7:00 PM ET
- Accepted
- Feb 15, 4:16 PM ET
- Size
- 6.6 KB