Johnson Joseph T 4

What Happened
Joseph T. Johnson, Senior Vice President and Chief Accounting Officer of Xenia Hotels & Resorts (XHR), was granted 9,047 LTIP Units (derivative limited partnership units) on February 24, 2026. The filing shows no cash price (N/A) because these are performance/award units rather than an open-market purchase. These LTIP Units are not immediate common stock — they vest over time and can convert to common-equivalent units if certain parity conditions are met.

Key Details

• Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (timely filing).
• Transaction type/code: Award/Grant (A). No acquisition price is reported (N/A).
• Shares/units granted: 9,047 LTIP Units (derivative award).
• Shares owned after transaction: Not specified in the provided filing details.
• Vesting schedule (per footnote): 33% vest on March 2, 2027; 33% on March 2, 2028; and 34% on March 2, 2029. Earlier vesting may occur on certain terminations or a change of control.
• Conversion/settlement notes: LTIP Units can over time achieve full parity with common limited partnership units and, if parity is reached, vested LTIP Units may convert one-for-one into common units. Common units can be redeemed for cash based on fair market value or, at Xenia’s election, converted into shares of XHR common stock.

Context: These LTIP Units are a form of equity compensation tied to the operating partnership (XHR LP). They are not immediately tradable shares and are subject to vesting and conversion conditions, so the grant is a compensation/retention event rather than a direct buy or sell signal.