Kessel Taylor C. 4

What Happened
Kessel Taylor C., Senior Vice President — General Counsel of Xenia Hotels & Resorts (XHR), was granted 14,160 LTIP Units (a derivative award tied to the company's operating partnership) on February 24, 2026. No purchase price or cash value is reported in the filing (listed as N/A); this was a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (filed timely).
• Transaction type: Award/Grant of LTIP Units (derivative instrument), 14,160 units; price/value: N/A in filing.
• Shares/units owned after transaction: Not specified in the filing.
• Vesting: LTIP Units vest 33% on March 2, 2027; 33% on March 2, 2028; 34% on March 2, 2029 (subject to earlier vesting on certain terminations or a change in control).
• Conversion/settlement: LTIP Units are limited partnership units that can, upon meeting certain conditions, achieve parity with common units and be converted 1:1 to common units; common units may be redeemable for cash equal to the fair market value of equivalent shares or exchanged for shares (per footnotes).

Context
This was a standard equity compensation grant (derivative LTIP units) for an executive; such awards are part of long‑term incentive pay and do not represent an open‑market trade or an explicit buying/selling signal. The award vests over multiple years and may convert into operating partnership/common units under conditions described in the partnership agreement.