4//SEC Filing
Conkling William Higgins 4
Accession 0001104659-24-033062
CIK 0001497645other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 5:00 PM ET
Size
7.6 KB
Accession
0001104659-24-033062
Insider Transaction Report
Form 4
Conkling William Higgins
EVP & Chief Financial Officer
Transactions
- Award
Common Stock (Time-Based Vesting)
2024-03-08+74,074→ 496,853 total - Award
Common Stock (Performance-Based Vesting)
2024-03-08+111,111→ 607,964 total
Footnotes (2)
- [F1]Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective May 13, 2021. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on March 9, 2025 (25% of the shares granted), March 9, 2026 (25% of the shares granted) and March 9, 2027 (the remaining 50% of the shares granted).
- [F2]Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective May 13, 2021. The restricted shares shall become vested and nonforfeitable on March 8, 2027, if the reporting person remains in the continued service as an employee of the Issuer and the Issuer's cumulative total shareholder return (TSR) for the period starting March 8, 2024 and ending March 8, 2027 exceeds at least 25.5% of its peer group, which shall include certain constituents of the Dow Jones U.S. Hotels Index. The number of shares will convert at a range from 25% to 200% of the shares granted to the reporting person based upon the Issuer's cumulative TSR performance compared to its peer group for the reporting period.
Documents
Issuer
Summit Hotel Properties, Inc.
CIK 0001497645
Entity typeother
Related Parties
1- filerCIK 0001861105
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 5:00 PM ET
- Size
- 7.6 KB