PORTNOY ADAM D. 4
4 · Service Properties Trust · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Service Properties Trust Director Adam Portnoy Receives Award
What Happened
Adam D. Portnoy, a director of Service Properties Trust (NASDAQ: SVC), was granted an award of 67,073 shares under the issuer's equity compensation plan on 2026-06-11. The filing lists the transaction type as an award/acquisition (code A); no per-share price or total dollar value is provided (price = N/A).
Key Details
- Transaction date: 2026-06-11; Form 4 filed: 2026-06-12 (timely filing).
- Transaction type: Award/Grant (code A).
- Shares acquired: 67,073 common shares. Price/total value: N/A (award; no cash paid disclosed).
- Shares owned after transaction: not reported in the provided data.
- Footnotes:
- F1: Award issued pursuant to the issuer’s equity compensation plan.
- F2: Shares are held by ABP Trust; Portnoy is sole trustee and may be deemed a beneficial owner but disclaims beneficial ownership except to the extent of pecuniary interest.
- F3: Some shares are held by The RMR Group LLC (a majority-owned subsidiary of RMR Inc.); Portnoy has roles/ownership ties to RMR entities and similar beneficial ownership disclaimers apply.
Context
This was an equity compensation award (not an open-market purchase or sale). Such grants are commonly part of director compensation and do not by themselves indicate insider trading sentiment. The footnotes describe holding structures (ABP Trust, RMR entities) and standard beneficial-ownership disclaimers.
Insider Transaction Report
- Award
Common Shares of Beneficial Interest
[F1]2026-06-11+67,073→ 425,954 total
- 1,672,783(indirect: See Footnote)
Common Shares of Beneficial Interest
[F2] - 41,666,666(indirect: See Footnote)
Common Shares of Beneficial Interest
[F3]
Footnotes (3)
- [F1]Transaction reported is award of shares pursuant to the Issuer's equity compensation plan.
- [F2]These shares are held by ABP Trust; Mr. Portnoy, as the sole trustee, an officer and the controlling shareholder of ABP Trust, may be deemed to be a beneficial owner of these shares, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.
- [F3]These shares are held by The RMR Group LLC ("RMR LLC"). RMR LLC is a direct majority owned subsidiary of The RMR Group Inc. ("RMR Inc."), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is also a beneficial owner and a director of RMR LLC and RMR Inc. Each of Mr. Portnoy, ABP Trust and RMR Inc. may be deemed to be a beneficial owner of these shares, but they each disclaim such beneficial ownership except to the extent of their pecuniary interest therein.