Nicholson Brian T. 4
4 · Extended Stay America, Inc. · Filed May 16, 2018
Insider Transaction Report
Form 4
Nicholson Brian T.
See Remarks
Transactions
- Award
Paried Shares
2018-05-15+15,000→ 30,113 total
Footnotes (3)
- [F1]Each Paired Share is comprised of one share of common stock, par value $0.01 per share, of Extended Stay America, Inc. and one share of Class B common stock, par value $0.01 per share, of ESH Hospitality, Inc., which shares are paired and traded as a single unit. A Form 4 reflecting the transactions in Paired Shares by the reporting person shown on this Form 4 has been concurrently filed with respect to ESH Hospitality, Inc. as issuer.
- [F2]The reported transaction is an award of restricted stock units in respect of Paired Shares. Subject to the reporting person's continued employment through the applicable vesting date, these restricted stock units are scheduled to vest annually over a three-year period such that one-third of the restricted stock units will vest on each of May 15, 2019, May 15, 2020 and May 15, 2021. Vested restricted stock units will be settled in Paired Shares on the September 15th next following the applicable vesting date (or, in any year when the 15th of September falls on a non-business day, the business day immediately prior to such date).
- [F3]This amount includes 5,084 Paired Shares held by the reporting person and his wife, Cynthia C. Nicholson, as joint tenants.