Leighton Jeffrey T. 4

What Happened

• Jeffrey T. Leighton, a director of Lodging Fund REIT III, was granted 500 shares on 2026-03-31. The Form 4 records the transaction as an award/acquisition (code A) at $0.00 per share (total reported value $0). This was an award/grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-01 (timely filing).
• Transaction type: Grant / award / other acquisition (code A).
• Shares acquired: 500 shares at $0.00 per share (total reported $0).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes/plan details: None provided on the Form 4 (no 10b5-1, tax-withholding, or other notes listed).
• Filing timeliness: Filed within required period; not marked late.

Context

• An award reported at $0 commonly reflects a non-cash grant such as restricted stock or a compensatory award tied to service, vesting, or other conditions. Such grants are compensation-related and do not directly indicate the director purchased stock on the open market or a change in personal cash investment. Retail investors should view awards as part of executive/board compensation rather than a clear bullish or bearish signal.