4//SEC Filing
Evans Mary Candace 4
Accession 0001104659-25-060391
CIK 0001574085other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 9:45 PM ET
Size
8.7 KB
Accession
0001104659-25-060391
Insider Transaction Report
Form 4
Evans Mary Candace
Director
Transactions
- Award
Common Stock
2025-06-13+32,224→ 36,099 total - Disposition to Issuer
LTIP Units
2025-06-13−32,224→ 44,342 totalExercise: $0.00→ Common Stock (32,224 underlying)
Holdings
- 1,332.361
Series E Redeemable Preferred Stock
Footnotes (3)
- [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]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.
Documents
Issuer
Braemar Hotels & Resorts Inc.
CIK 0001574085
Entity typeother
Related Parties
1- filerCIK 0001780661
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 9:45 PM ET
- Size
- 8.7 KB