Hartmeier Michael A. 4
Research Summary
AI-generated summary
DiamondRock (DRH) Director Michael Hartmeier Sells 20,000 Shares
What Happened
Michael A. Hartmeier, a director of DiamondRock Hospitality Co. (DRH), reported a sale of 20,000 shares on May 13, 2026. The shares were disposed at $10.46 each, for total proceeds of $209,200. The transaction is reported with sale code "S" (open-market or private sale), indicating a disposition rather than a purchase.
Key Details
- Transaction date and price: May 13, 2026 — 20,000 shares sold at $10.46 per share.
- Total value: $209,200.
- Shares owned after transaction: Not disclosed in the provided filing.
- Filing timeliness: Report filed the same day (May 13, 2026) — appears timely.
- Footnotes/plans: No 10b5-1 plan, tax withholding, or other special footnotes indicated in the provided data.
Context
This was an outright sale by a company director. Sales do not necessarily indicate negative views by insiders (they can be routine or for personal reasons). For retail investors, purchases are often seen as a stronger signal than routine sales; this report documents a standard insider disposition with no additional disclosure about the reason.