Service Properties (SVC) CEO Christopher Bilotto Withholds 7,635 Shares

What Happened

• Christopher J. Bilotto, President & CEO and a director of Service Properties Trust (NASDAQ: SVC), had 7,635 shares withheld on September 17, 2026 to satisfy tax withholding obligations tied to vested securities. The shares were valued at $6.57 each, for a total of about $50,162. This was a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-09-17; Filing date (Form 4): 2026-09-21.
• Shares withheld/disposed: 7,635 at $6.57 each; total ≈ $50,162.
• Nature of transaction: Tax withholding (transaction code F). Footnote: "Payment of tax liability by withholding securities incident to the vesting of the security issued in accordance with Rule 16b-3."
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Form 4 was filed four days after the transaction; Form 4s are generally due within two business days, so investors may want to note the delay.

Context

• This was a routine tax-withholding action related to vested awards (a common administrative step), not an indication of an open-market sale or a direct purchase. Such withholdings are standard and generally do not by themselves indicate a change in insider sentiment.