Medzigian Michael G 4
4 · Watermark Lodging Trust, Inc. · Filed Apr 15, 2021
Insider Transaction Report
Form 4
Medzigian Michael G
DirectorPresident & CEO
Transactions
- Award
Class A Common Stock
2021-04-13+544,464.61→ 938,855.495 total - Award
Class A Common Stock
2021-04-13+32,865.907→ 971,721.402 total - Tax Payment
Class A Common Stock
2021-04-13$5.51/sh−59,618.755$328,499→ 912,102.647 total
Holdings
- 268,864.762(indirect: By Trust)
Class A Common Stock
- 2,417,996(indirect: By LLC)
OP Units
→ Class A Common Stock (2,417,996 underlying)
Footnotes (5)
- [F1]Subsequent to the Reporting Person's last Form 4 filed on April 15, 2020, the Reporting Person transferred 31,282.528 shares of WLT's Class A Common Stock to a trust in which the Reporting Person holds a pecuniary interest.
- [F2]Represents restricted share units ("RSUs") granted under the Watermark Lodging Trust, Inc. 2015 Equity Incentive Plan. These RSUs are scheduled to vest in three equal annual installments beginning on April 13, 2022 and ending on April 13, 2024 and will be settled on a one-for-one basis in shares of the Issuer's Class A Common Stock.
- [F3]Represents the vesting of performance-based RSU's upon the achievement of the applicable performance criteria.
- [F4]Represents the disposition of shares back to the Issuer in satisfaction of certain tax liabilities.
- [F5]Subsequent to the Reporting Person's last Form 4 filed on April 15, 2020, the Reporting Person transferred 2,417,996 OP Units to Watermark Capital Partners LLC, which is wholly owned by the Reporting Person. The OP Units are convertible for a number of shares of Class A Common Stock of equivalent value, at any time at the option of the holder and without expiration, for no additional consideration.