Gartland Thomas M 4
Research Summary
AI-generated summary
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.