Sirna Kellie 4
4 · Braemar Hotels & Resorts Inc. · Filed Apr 11, 2025
Insider Transaction Report
Form 4
Sirna Kellie
Director
Transactions
- Award
LTIP Units
2025-04-10+1,799→ 1,799 totalExercise: $0.00→ Common Stock
Footnotes (3)
- [F1]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.
- [F2]The LTIP Unit awards reported herein were issued as a grant under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan, in connection with the Reporting Person's appointment to the Issuer's Board of Directors.
- [F3]Neither the Common Partnership Units nor vested LTIP Units have an expiration date.