MCKEIRNAN THOMAS L 4
4 · Red Lion Hotels CORP · Filed Mar 29, 2018
Insider Transaction Report
Form 4
MCKEIRNAN THOMAS L
Sr. V.P. & General Counsel
Transactions
- Award
Performance Based Restricted Stock Unit
2018-03-27+13,992→ 13,992 total→ Common Stock (13,992 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. McKeirnan received a performance based restricted stock unit ("PSU") under the Company's 2015 Stock Incentive Plan representing the right to receive between 0 and 20,902 shares of Red Lion Hotels Corporation common stock (with 13,064 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 13,992 PSUs were issued. The PSUs will vest in full on March 31, 2020, assuming continued employment through the vesting date.