Chatham Lodging (CLDT) Director William P. Brown Receives Award

What Happened

William P. Brown, a director of Chatham Lodging Trust (CLDT), was granted 5,000 restricted common shares on September 10, 2026. The shares were awarded at $0.00 (no cash paid) per the Form 4 filing; the reported acquisition value is $0.00. This is an equity award (compensation) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-10; Filing date: 2026-09-14.
• Transaction type: Award/Grant (code A) — 5,000 restricted shares acquired at $0.00.
• Reported acquisition value: $0.00 (award).
• Vesting: Per footnote, the 5,000 restricted shares vest ratably over the first three anniversaries of the grant (roughly one-third each year).
• Shares owned after transaction: not specified in the filing.
• No indication in this filing of tax withholding, a 10b5-1 plan, or a late filing flag.

Context

Restricted share awards are a common form of board compensation and typically carry transfer restrictions and forfeiture conditions until they vest. Such grants provide the director with future equity exposure but do not represent an immediate market buy (which some investors view as a stronger bullish signal). This filing reports the grant; actual ownership and potential sales will depend on future vesting and any subsequent transactions.