Eubanks Deric S 4
4 · ASHFORD HOSPITALITY TRUST INC · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
AHT CFO Deric Eubanks Converts PSUs; 3,560 Shares Forfeited
What Happened
- Deric S. Eubanks, CFO and Treasurer of Ashford Hospitality Trust (AHT), had 2023 performance stock units (PSUs) settle on Feb 24, 2026. The filing shows 836 shares issued upon conversion/exercise of derivative awards and 3,560 shares forfeited because certain performance criteria were not met. To cover tax withholding, 204 shares were surrendered at $2.85 per share for a withholding value of $581.
- These transactions are derivative-related (PSUs/LTIP conversions and forfeitures), not open-market buys or discretionary sales. The tax-withholding surrender is a routine administrative disposition, not an indication of a market-sale decision.
Key Details
- Transaction date: Feb 24, 2026; Form 4 filed Feb 26, 2026 (filed within the standard two-business-day window).
- Breakout: 836 shares converted/exercised (reported as derivative exercise/conversion), 3,560 shares forfeited due to unmet performance criteria (Footnote F5), and 204 shares withheld for taxes at $2.85/share = $581 (Footnotes F2, F3).
- Shares owned after transaction: Not explicitly quantified in the transaction lines; see filing footnote F10 for the aggregate number of Common Units currently held by the reporting person.
- Notable footnotes: F1/F4 explain PSUs (2023 awards that vest based on performance and can pay out 0–250% of target); F5 confirms the 3,560 forfeiture; F2 explains shares were forfeited/surrendered to satisfy tax withholding; F6–F9 discuss LTIP Units and Common Units convertibility and mechanics.
Context
- These were derivative/award settlements: PSUs were evaluated for performance (vesting tied to relative and total stockholder returns through Dec 31, 2025), and part of the award did not vest—hence the forfeiture. The 204-share disposition was a standard tax-withholding action (common in equity awards), not an open-market sale.
Insider Transaction Report
Form 4
Eubanks Deric S
CFO and Treasurer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-24+836→ 4,024 total - Tax Payment
Common Stock
[F2][F3]2026-02-24$2.85/sh−204$581→ 3,820 total - Disposition to Issuer
Performance Stock Units (2023)
[F1][F5][F4]2026-02-24−3,560→ 836 totalExercise: $0.00From: 2025-12-31Exp: 2025-12-31→ Common Stock (836 underlying) - Exercise/Conversion
Performance Stock Units (2023)
[F1]2026-02-24−836→ 0 totalExercise: $0.00From: 2025-12-31Exp: 2025-12-31→ Common Stock (0 underlying)
Holdings
- 2(indirect: By Spouse)
Common Stock
- 5,795(indirect: By LLC)
Special Limited Partnership Units
[F6][F9][F7]Exercise: $0.00→ Common Stock (5,795 underlying) - 111.6
Common Limited Partnership Units
[F8][F9][F10]Exercise: $0.00→ Common Stock (111.6 underlying)
Footnotes (10)
- [F1]Each performance stock unit ("Performance Stock Unit") award granted in 2023 represented a right to receive between 0% and 250% of the target number of Performance Stock Units reflected in the table.
- [F10]Reflects aggregate number of Common Units currently held by the Reporting Person, some of which may have been converted from special long-term incentive partnership units of the Subsidiary by the Reporting Person since the Reporting Person's most recent Form 4 or Form 5 filing. See Footnote 8 discussing the convertibility of the Common Units.
- [F2]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 award of dividend equivalent rights and the vesting of Performance Stock Units, restricted stock and common stock held by the Reporting Person.
- [F3]Represents the closing price of the common stock on February 23, 2026, the last trading day before the date of forfeiture.
- [F4]Represents the target number of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 250% of the target number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, the Performance Stock Units, as adjusted, will generally vest on December 31, 2025 (with respect to the 2023 grant).
- [F5]Represents 3,560 shares that were forfeited due to certain performance criteria of the 2023 Performance Stock Unit award not being met.
- [F6]Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 8 discussing the convertibility of the Common Units.
- [F7]Reflects the aggregate number of LTIP Units held directly or indirectly by the Reporting Person, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those which (i) may have achieved parity with the Common Units, (ii) have not yet achieved parity with the Common Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes.
- [F8]Common Limited Partnership Units ("Common Units") of the Subsidiary. Common 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.
- [F9]Neither the Common Units nor the LTIP Units have an expiration date.
Signature
/s/ Deric S. Eubanks|2026-02-26