Leonard Justin L. 4

What Happened

• Justin L. Leonard, President & COO of DiamondRock Hospitality Co. (DRH), was credited with 59,240 shares on 2026-02-27 as earned performance stock units (transaction code A). To satisfy tax withholding obligations, 15,858 of those shares were surrendered/disposed (transaction code F) at $10.04 per share for proceeds of $159,214. Per the filing footnote, the reporting person elected to defer receipt of the earned shares under DiamondRock’s deferred compensation plan.

Key Details

• Transaction dates: 2026-02-27 (award and withholding).
• Award: 59,240 shares acquired (A) at $0.00 reported price (represents vested performance units).
• Withholding: 15,858 shares disposed (F) at $10.04 for $159,214 to cover tax liability.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnote: Shares were earned from previously granted performance stock units and were subject to the company’s deferred compensation election.
• Filing date: 2026-03-02 — the Form 4 was filed promptly following the 2026-02-27 transaction.

Context

• This was not an open-market buy or a discretionary sale for cash gain — it reflects issuance of vested performance awards and routine tax withholding. Awards and tax-withholding dispositions are common, administrative transactions and do not by themselves indicate the insider’s view on the company’s near-term stock prospects.