4//SEC Filing
Coe Justin 4
Accession 0001104659-25-060389
CIK 0001574085other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 9:43 PM ET
Size
10.6 KB
Accession
0001104659-25-060389
Insider Transaction Report
Form 4
Coe Justin
Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
2025-06-13$2.49/sh−2,723$6,780→ 9,066 total - Award
Common Stock
2025-06-13+11,182→ 11,789 total - Disposition to Issuer
LTIP Units
2025-06-13−11,182→ 0 total→ Common Stock (11,182 underlying)
Holdings
- 1,111
Series E Redeemable Preferred Stock
Footnotes (5)
- [F1]On June 13, 2025, the Reporting Person entered into an Exchange Agreement (the "Exchange Agreement") with the Issuer pursuant to which the Reporting Person exchanged a number of vested LTIP Units (as defined below) for an equal number of shares of common stock in a Rule 16b-3 exempt transaction. No other consideration was involved in connection with the Exchange Agreement.
- [F2]Represented special long-term incentive partnership units (the "LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary (the "Subsidiary"). Such LTIP Units have been combined herein solely for reporting purposes. Vested LTIP Units, upon achieving parity with the Common Limited Partnership Units ("Common Partnership Units") of the Subsidiary, were convertible into Common Partnership Units at the option of the Reporting Person.
- [F3]Neither the Common Partnership Units nor vested LTIP Units had an expiration date.
- [F4]Represents shares of common stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the vesting of restricted stock held by the Reporting Person.
- [F5]Represents the closing price of the common stock on June 12, 2025, the last trading day before the date of forfeiture.
Documents
Issuer
Braemar Hotels & Resorts Inc.
CIK 0001574085
Entity typeother
Related Parties
1- filerCIK 0002004625
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 9:43 PM ET
- Size
- 10.6 KB