Folsom David R 4
4 · Sotherly Hotels Inc. · Filed Jan 3, 2020
Insider Transaction Report
Form 4
Folsom David R
DirectorPresident and CEO
Transactions
- Award
Common Stock
2020-01-01+30,000→ 291,674 total
Holdings
- 16,805(indirect: By ESOP)
Common Stock
Footnotes (2)
- [F1]The securities were granted pursuant to the Reporting Person's Employment Agreement, dated as of January 1, 2020. Subject to accelerated vesting in certain circumstances, the securities will vest in equal amounts of 6,000 shares over a five-year period beginning with the first installment vesting on the date of execution of a new or successor agreement, and subsequent installments vesting on each anniversary of such execution.
- [F2]Reflects allocations under the issuer's Employee Stock Ownership Plan.