Eubanks Deric S 4

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.