RICHARDS PAULINE 4

What Happened
Pauline Richards, a director of Wyndham Hotels & Resorts (WH), was issued 326 deferred stock units (DSUs) on March 10, 2026. The Form 4 reports an award/grant (transaction code A) of 326 units at $0.00 per unit (total reported value $0). These DSUs were issued on the vesting of previously granted restricted stock units (RSUs).

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely filing).
• Reported transaction: 326 units acquired at $0.00 each (total $0). Transaction code: A (award/grant).
• Shares owned after transaction: not specified in the provided filing.
• Notable footnotes from the filing:
  • F1: DSUs and accrued dividends were issued under Wyndham’s 2018 Amended and Restated Equity and Incentive Plan on vesting of previously granted RSUs. Each DSU entitles the reporting person to receive one share of common stock following the reporting person's retirement or termination from the Board.
  • F2: Represents deferred stock units. F3: Represents restricted stock units. F4: Represents shares of common stock.

Context
This was an award/vesting event (not an open-market purchase or sale). DSUs do not immediately convert to tradable shares — they represent a right to receive shares in the future (typically upon retirement or separation), and no cash changed hands in this reported transaction. Such director equity awards are routine compensation and do not, by themselves, indicate a change in the director’s near-term trading intent.