OKLAK DENNIS D 4

4 · Xenia Hotels & Resorts, Inc. · Filed May 15, 2026

AI-generated summary of this filing

Updated May 15, 2026

Xenia (XHR) Director Dennis D. Oklak Receives 6,098 LTIP Units

What Happened

Dennis D. Oklak, a director of Xenia Hotels & Resorts, received a grant of 6,098 LTIP Units (derivative award) on 2026-05-14. The filing shows no cash price or market value for the grant (N/A). This was an award/compensation grant (Form 4 code A), not an open-market purchase or sale.

Key Details

Transaction date: 2026-05-14; Form 4 filed 2026-05-15 (timely).
Quantity: 6,098 LTIP Units granted; price listed as N/A and no total dollar value reported.
Shares/units owned after the transaction: not specified in the provided filing details.
Footnote highlights: LTIP Units are limited partnership units in XHR LP that initially lack full parity with common units but can achieve parity over time; if parity is reached, vested LTIP Units may convert 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 shares of the issuer’s common stock. The LTIP Units issued under the 2015 Incentive Award Plan were fully vested on the grant date.
Filing timeliness: filed the next day (no late-report indicator).

Context

This is a compensation award (derivative LTIP Units) rather than a market purchase or sale; such grants typically reflect company compensation practices and do not by themselves indicate a buy/sell signal.
If and when LTIP Units convert to Common Units (or are redeemed for cash/shares) depends on provisions in the operating partnership agreement and parity being achieved.

Form 4

Period: 2026-05-14

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

1 file