RICHARDS PAULINE 4

What Happened Pauline Richards, a member of the Board of Directors of Wyndham Hotels & Resorts, was granted 1,639 restricted stock units (RSUs) on March 9, 2026. The Form 4 reports the RSUs at $0.00 per unit (an award/grant rather than a cash purchase). The units will convert to one share of common stock per vested RSU when they vest.

Key Details

• Transaction type: Award/Grant (Code A) of 1,639 restricted stock units reported on 2026-03-09. Report filed 2026-03-11 (timely).
• Reported price: $0.00 per unit on the Form 4 (typical for RSU grants; no cash paid at grant).
• Vesting: Four equal annual installments on each of the first four anniversaries of March 9, 2026 (subject to continued service as a director) — each installment equals ~409.75 units (practically 409/410 as administratively determined).
• Conversion: Each vested RSU converts into one share of common stock (per footnote).
• Footnotes: F1 describes the vesting schedule and service condition; F2 denotes these are restricted stock units. (F3/F4 are generic labels in the filing legend.)
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Timeliness: Filed within the Section 16 reporting window (filed two business days after the grant).

Context

• This is a compensation grant (award) to a director, common for board compensation — not an open-market purchase or sale. Such awards are routine and reflect compensation policy rather than an immediate market signal. The RSUs become economically relevant as they vest and convert into actual shares.