4//SEC Filing
Medzigian Michael G 4
Accession 0001609471-22-000040
CIK 0001609471other
Filed
Apr 13, 8:00 PM ET
Accepted
Apr 14, 10:50 AM ET
Size
13.6 KB
Accession
0001609471-22-000040
Insider Transaction Report
Form 4
Medzigian Michael G
DirectorPresident & CEO
Transactions
- Tax Payment
Class A Common Stock
2022-04-13$6.29/sh−128,279.259$806,877→ 944,450.119 total - Award
Class A Common Stock
2022-04-13+60,496→ 1,072,729.378 total - Award
Class A Common Stock
2022-04-13+139,109.697→ 979,367.471 total - Award
Class A Common Stock
2022-04-13+32,865.907→ 1,012,233.378 total
Holdings
- 340,709.635(indirect: By Trust)
Class A Common Stock
- 2,417,996(indirect: By LLC)
OP Units
→ Class A Common Stock (2,417,996 underlying) - 840,257.774
Class A Common Stock
Footnotes (6)
- [F1]Subsequent to the Reporting Person's last Form 4 filed on April 15, 2021, the Reporting Person transferred 71,844.873 shares of WLT's Class A Common Stock from a directly-owned account 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, 2023 and ending on April 13, 2025 and are convertible on a one-for-one basis into 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 related to RSU's granted pursuant to an employment agreement on April 13, 2020, which are scheduled to vest in four equal annual installments on each anniversary of the date of grant and are convertible on a one-for-one basis into shares of the Issuer's Class A common stock.
- [F4]Represents the vesting of performance-based RSU's upon the achievement of the applicable performance criteria related in RSU's granted under the Watermark Lodging Trust, Inc. 2015 Equity Incentive Plan on April 13, 2021, which are scheduled to vest in three equal annual installments on each anniversary of the date of grant and are convertible on a one-for-one basis into shares of the Issuer's Class A common stock.
- [F5]Represents the disposition of shares back to the issuer in satisfaction of certain tax liabilities.
- [F6]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.
Documents
Issuer
Watermark Lodging Trust, Inc.
CIK 0001609471
Entity typeother
Related Parties
1- filerCIK 0001500752
Filing Metadata
- Form type
- 4
- Filed
- Apr 13, 8:00 PM ET
- Accepted
- Apr 14, 10:50 AM ET
- Size
- 13.6 KB