LAMKIN WILLIAM A. 4
Research Summary
AI-generated summary
Service Properties Director William Lamkin Receives Award, Gifts Shares
What Happened
- William A. Lamkin, a director of Service Properties Trust (NASDAQ: SVC), was granted 67,073 shares under the company's equity compensation plan on June 11, 2026. The same 67,073 shares were then reported as transferred as a gift to a trust for which Lamkin is a trustee and beneficiary. The grant is recorded as an award (no purchase price) and the gift shows $0.00 consideration.
Key Details
- Transaction date: 2026-06-11; SEC Form 4 filed: 2026-06-12 (timely filing).
- Awarded shares: 67,073 (transaction code A; footnote: award pursuant to issuer's equity compensation plan).
- Gift transfer: 67,073 shares reported as a gift (transaction code G) with $0.00 consideration; footnote states shares were transferred to "Janet W. Lamkin and William A. Lamkin, Trustees U/T/D 9-28-18," of which the reporting person is trustee and beneficiary.
- Price: N/A for award; $0.00 for gift (no cash received).
- Shares owned after transaction: not specified in the Form 4.
Context
- This sequence (award followed by a gift transfer to a trust) is a non-sale transfer and does not represent a market purchase or disposition for cash; gifts and transfers to trusts generally do not imply a view on the company’s stock price. The award was made under the company's equity compensation plan and then moved into a trust where Lamkin is trustee and beneficiary.