Folsom David R 4
4 · Sotherly Hotels Inc. · Filed Jan 25, 2023
Insider Transaction Report
Form 4
Folsom David R
DirectorPresident and CEO
Transactions
- Award
Common Stock
2023-01-23+38,000→ 443,806 total
Holdings
- 1,450
8.0% Series B Preferred Stock
- 69,694(indirect: By Trust)
Common Stock
- 50,070(indirect: By ESOP)
Common Stock
Footnotes (3)
- [F1]The securities were granted pursuant to an amendment to the Reporting Person's employment agreement, dated January 23, 2023, and pursuant to the Issuer's 2022 Long-Term Incentive Plan. The securities will vest in equal amounts of 7,600 shares over a five-year period.
- [F2]Reflects allocations under the issuer's Employee Stock Ownership Plan.
- [F3]The full security title is 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock.