GEOGA DOUGLAS GERARD 4
4 · ESH Hospitality, Inc. · Filed May 30, 2019
Insider Transaction Report
Form 4
GEOGA DOUGLAS GERARD
Director
Transactions
- Award
Paired Shares
2019-05-30+8,450→ 164,464 total
Holdings
- 353,276(indirect: See footnote)
Paired Shares
Footnotes (4)
- [F1]Each Paired Share is comprised of one share of common stock, par value $0.01 per share, of Extended Stay America, Inc. and one share of Class B common stock, par value $0.01 per share, of ESH Hospitality, Inc., which shares are paired and traded as a single unit.
- [F2]The reported transaction is an award of Restricted Stock Units in respect of Paired Shares. A Form 4 reflecting the transaction in Paired Shares by the reporting person shown on this Form 4 has been concurrently filed with respect to Extended Stay America, Inc. as issuer. Of the 8,450 Paired Shares acquired in the reported transaction, 4,225 were granted to the reporting person under the Amended and Restated Extended Stay America, Inc. Long-Term Incentive Plan and 4,225 were granted to the reporting person under the Amended and Restated ESH Hospitality, Inc. Long-Term Incentive Plan. Subject to the reporting person's continued service as a director of the issuer through the vesting date, these Restricted Stock Units are scheduled to vest in full on May 30, 2020.
- [F3]Vested Restricted Stock Units will be settled in Paired Shares on the September 15th next following the vesting date (or, in any year when the 15th of September falls on a non-business day, the business day immediately prior to such date).
- [F4]Mr. Geoga beneficially owns these Paired Shares indirectly through the Douglas Geoga Family Dynasty Trust. Mr. Geoga's wife serves as the trustee of the Douglas Geoga Family Dynasty Trust and she and Mr. Geoga's children are the beneficiaries of the trust.