Willis Peter 4
4 · Chatham Lodging Trust · Filed Mar 3, 2020
Insider Transaction Report
Form 4
Willis Peter
EVP & Chief Investment Officer
Transactions
- Award
LTIP Units
2020-03-01+13,608→ 81,044 total→ Common Shares (13,608 underlying)
Footnotes (1)
- [F1]The Company met the performance criteria under the March 1, 2017 LTIP Performance Award. This LTIP issuance represents the vesting of the award and represents units of limited partnership interest ("LTIP Units") in Chatham Lodging, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the Operating Partnership's limited partnership agreement, may be exchanged at any time at the election of the holder for Operating Partnership units on a one-for-one basis or, at the Issuer's option, an equivalent amount of cash.