Gartland Thomas M 4
4 · Xenia Hotels & Resorts, Inc. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Xenia Hotels (XHR) Director Thomas M. Gartland Receives LTIP Award
What Happened
Director Thomas M. Gartland received an award of 6,098 LTIP Units (reported as a derivative grant, transaction code A) in Xenia Hotels & Resorts, Inc. (XHR) on 2026-05-14. The filing lists the price and total value as N/A. According to the filing, the LTIP Units were fully vested on the grant date.
Key Details
- Transaction date: 2026-05-14; Form filed 2026-05-15 (timely filing).
- Transaction type: Award/Grant (code A); 6,098 LTIP Units acquired as a derivative grant.
- Price / value: Not disclosed (N/A) in the filing.
- Shares owned after transaction: Not specified in the available filing details.
- Footnotes: LTIP Units are limited partnership units of XHR LP that initially may lack full parity with common limited partnership units but can achieve parity over time; if parity is reached, vested LTIP Units can be converted one-for-one into Common Units. Common Units are redeemable for cash based on fair market value or, at the issuer’s election, convertible into an equal number of XHR common shares. The LTIP Units issued under the 2015 Incentive Award Plan were fully vested on the grant date.
Context
This was a grant of long‑term incentive units (derivative awards), not an open‑market purchase or sale. Such awards are standard executive/director compensation and do not, by themselves, indicate a near‑term buy or sell of underlying common stock.
Insider Transaction Report
Form 4
Gartland Thomas M
Director
Transactions
- Award
LTIP Units
[F1][F2]2026-05-14+6,098→ 71,938 total→ Common Stock (6,098 underlying)
Footnotes (2)
- [F1]LTIP Units are a class of limited partnership units in XHR LP (the "Operating Partnership"), of which the Issuer's wholly-owned subsidiary is the general partner. Initially, the LTIP Units do not have full parity with common limited partnership units of the Operating Partnership ("Common Units") with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the LTIP Units can over time achieve full parity with the Common Units for all purposes. If such parity is reached, vested LTIP Units may be converted into an equal number of Common Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership.
- [F2](continued from Footnote 1) Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of the Issuer's common stock, or, at the election of the Issuer, an equal number of shares of the Issuer's common stock, each subject to adjustment in the event of stock splits, specified extraordinary distributions or similar events. The LTIP Units issued pursuant to the Xenia Hotels & Resorts, Inc., XHR Holding, Inc. and XHR LP 2015 Incentive Award Plan were fully vested on the grant date.
Signature
/s/ Marcel Verbaas as Attorney-in-Fact|2026-05-15