4//SEC Filing
RUIZ PAUL 4
Accession 0001104659-25-022620
CIK 0001497645other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 5:31 PM ET
Size
7.5 KB
Accession
0001104659-25-022620
Insider Transaction Report
Form 4
RUIZ PAUL
SVP & Chief Accounting Officer
Transactions
- Award
Common Stock (Time-Based Vesting)
2025-03-07+30,094→ 306,677 total - Award
Common Stock (Performance-Based Vesting)
2025-03-07+45,141→ 351,818 total
Footnotes (2)
- [F1]Represents shares of restricted common stock granted to the reporting person under the Issuer's 2024 Equity Incentive Plan. 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, 2026 (25% of the shares granted), March 9, 2027 (25% of the shares granted) and March 9, 2028 (the remaining 50% of the shares granted).
- [F2]Represents shares of restricted common stock granted to the reporting person under the Issuer's 2024 Equity Incentive Plan. The restricted shares shall become vested and nonforfeitable on March 7, 2028, 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 7, 2025, and ending March 7, 2028, 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 0001116526
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 5:31 PM ET
- Size
- 7.5 KB