4//SEC Filing
Ludwig Douglas L 4
Accession 0001209191-18-022142
CIK 0001052595other
Filed
Mar 28, 8:00 PM ET
Accepted
Mar 29, 7:03 PM ET
Size
6.3 KB
Accession
0001209191-18-022142
Insider Transaction Report
Form 4
Ludwig Douglas L
EVP, Chief Financial Officer
Transactions
- Award
Performance Based Restricted Stock Unit
2018-03-27+28,484→ 28,484 total→ Common Stock (28,484 underlying)
Footnotes (2)
- [F1]Each Performance Based Restricted Stock Unit represents a contingent right to receive one share of RLH common stock.
- [F2]On May 31, 2017 Mr. Ludwig received a performance based restricted stock unit ("PSU") under the Company's 2015 Stock Incentive Plan representing the right to receive between 0 and 42,553 shares of Red Lion Hotels Corporation common stock (with 26,596 shares at the target level) if the company achieved or exceeded the following performance targets: 2017 adjusted EBITDA exceeded $20.24M (weighted 70%) and gross number of hotels added to system during 2017 exceeded 119 (weighted 30%). On March 27, 2018, the Board of Directors determined that the performance targets were met at the 107% level, therefore 28,484 PSUs were issued. The PSUs will vest in full on March 31, 2020, assuming continued employment through the vesting date.
Documents
Issuer
Red Lion Hotels CORP
CIK 0001052595
Entity typeother
Related Parties
1- filerCIK 0001702697
Filing Metadata
- Form type
- 4
- Filed
- Mar 28, 8:00 PM ET
- Accepted
- Mar 29, 7:03 PM ET
- Size
- 6.3 KB