Kay Kenneth J 4

What Happened
Kenneth J. Kay, a director of Summit Hotel Properties, received an award/grant of 22,293 shares on 2026-05-20. The Form 4 shows the shares were acquired at $0.00 (code A — award/grant), so the filing reports no cash purchase or sale value for the transaction.

Key Details

• Transaction date: 2026-05-20; Filing date: 2026-05-21 (timely filing based on provided dates).
• Transaction type/code: A (award, grant or other acquisition).
• Shares acquired: 22,293; Price paid: $0.00; Reported acquisition value: $0.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• No footnotes, 10b5-1, tax-withholding, or cashless-sale details were indicated in the provided data.

Context
Awards to directors are typically part of compensation (e.g., restricted stock or director grants) and are not the same as open-market purchases or sales — they don't necessarily indicate a change in the director's market view. This appears to be a routine equity award; there is no sale or exercise reported in this filing.