Hanson Bjorn R.L. 4

What Happened
Bjorn R.L. Hanson, a director of Summit Hotel Properties, was granted 22,293 shares (transaction code A) on 2026-05-20. The filing lists the acquisition price as $0.00 (i.e., these shares were awarded, not bought on the open market).

Key Details

• Transaction date: 2026-05-20; reported on Form 4 filed 2026-05-21 (appears timely).
• Transaction type/code: Award/Grant (Code A). Price reported: $0.00 per share.
• Shares acquired: 22,293 shares. Reported total value on the form = $0 (cash paid).
• Shares owned after transaction: not specified in the excerpt provided — check the full Form 4 for post-transaction beneficial ownership.
• Footnotes/other plans: filing excerpt does not disclose 10b5-1 plan, tax-withholding, or other footnotes.

Context
Grants to directors are typically part of standard compensation (e.g., restricted stock or equity awards) and differ from open-market purchases/sales; they reflect compensation rather than a direct buy/sell signal. This award does not by itself indicate insider buying sentiment; review the full Form 4 and company disclosures for vesting terms or related tax-withholding that could affect when shares become tradable.