Stanner Jonathan P 4

4 · Summit Hotel Properties, Inc. · Filed Mar 10, 2026

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Updated Mar 11, 2026

Summit Hotel (INN) CEO Jonathan Stanner Receives Restricted Shares

What Happened

Jonathan P. Stanner, President, CEO and Director of Summit Hotel Properties, Inc. (INN), was granted two awards of restricted common stock on March 9, 2026: 292,683 shares and 439,024 shares. Both grants were reported at $0.00 per share (awards, not purchases), for a total of 731,707 shares awarded. These are compensation awards, not open-market buys or sales.

Key Details

Transaction date(s): March 9, 2026. Report filed March 10, 2026 (timely; Form 4 is due within two business days).
Pricing: Both grants reported at $0.00 (restricted stock awards).
Shares awarded: 292,683 (Footnote F1) and 439,024 (Footnote F2); total 731,707 shares.
Shares owned after transaction: Not specified in the provided excerpt (see the full Form 4 for total holdings).
Vesting / conditions:
- F1 (292,683 shares): Time-based vesting — 25% on 3/9/2027, 25% on 3/9/2028, and remaining 50% on 3/9/2029, contingent on continued employment.
- F2 (439,024 shares): Performance-based award — vests on 3/9/2029 if cumulative TSR over 3/9/2026–3/9/2029 exceeds at least 25.5% of the peer group (includes certain Dow Jones U.S. Hotels Index constituents). The award converts at 25%–200% of the granted shares depending on TSR performance.
Filing timeliness: Filed the next day (Mar 10, 2026) for the Mar 9, 2026 transactions — appears timely under Form 4 rules.

Context

These grants are restricted stock awards as part of executive compensation. Time‑based awards vest over multiple years with continued employment; the larger performance award vests only if the company’s total shareholder return outperforms a defined peer benchmark and may convert up or down (25%–200%) based on performance. Such awards are routine forms of long‑term incentive compensation and do not represent market purchases or sales.

Form 4

Period: 2026-03-09

DirectorPresident, CEO & Director

Transactions

Footnotes (2)

[F1]Time Based Vesting - Represents shares of restricted common stock granted to the reporting person under the Issuer's 2024 Equity Incentive Plan. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on March 9, 2027 (25% of the shares granted), March 9, 2028 (25% of the shares granted) and March 9, 2029 (the remaining 50% of the shares granted).
[F2]Represents shares of restricted common stock granted to the reporting person under the Issuer's 2024 Equity Incentive Plan. The restricted shares shall become vested and nonforfeitable on March 9, 2029, if the reporting person remains in the continued service as an employee of the Issuer and the Issuer's cumulative total shareholder return (TSR) for the period starting March 9, 2026, and ending March 9, 2029, exceeds at least 25.5% of its peer group, which shall include certain constituents of the Dow Jones U.S. Hotels Index. The number of shares will convert at a range from 25% to 200% of the shares granted to the reporting person based upon the Issuer's cumulative TSR performance compared to its peer group for the reporting period.

Signature

/s/ Christopher R. Eng|2026-03-10

1 file