OKLAK DENNIS D 4

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.