Johnson Rebeca M 4
4 · Braemar Hotels & Resorts Inc. · Filed May 17, 2024
Insider Transaction Report
Form 4
Johnson Rebeca M
Director
Transactions
- Award
Common Stock
2024-05-15+14,925→ 14,925 total
Holdings
- 29,850
LTIP Units
Exercise: $0.00→ Common Stock
Footnotes (3)
- [F1]The Reporting Person received the shares pursuant to a stock grant from the Issuer, under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan, in connection with the Reporting Person's continued service on the Issuer's Board of Directors.
- [F2]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.
- [F3]The LTIP Units have no expiration date.