Deric S. Eubanks - May 11, 2021 Form 4 Insider Report for Braemar Hotels & Resorts Inc. (BHR)

Signature
/s/ Deric S. Eubanks
Stock symbol
BHR
Transactions as of
May 11, 2021
Transactions value $
$0
Form type
4
Date filed
5/13/2021, 05:15 PM
Next filing
May 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHR Common Stock Award $0 +53.9K +40.63% $0.00 187K May 11, 2021 Direct F1
holding BHR Common Stock 533 May 11, 2021 By spouse's IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BHR Performance Stock Units (2021) Award $0 +112K $0.00 112K May 11, 2021 Common Stock 112K $0.00 Direct F2, F3, F4
holding BHR Performance Stock Units (2020) 32.5K May 11, 2021 Common Stock 32.5K $0.00 Direct F2, F4
holding BHR Performance Stock Units (2019) 30K May 11, 2021 Common Stock 30K $0.00 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 26, 2021, the Issuer approved this award of restricted stock to the Reporting Person pursuant to a restricted stock grant from the Issuer under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan (the "Plan"), subject to approval of an increase in the shares reserved under the Plan by the Company's stockholders at the Company's Annual Meeting on May 11, 2021 (which approval was obtained). Such shares generally vest in three (3) substantially equal installments on the first three (3) anniversaries following February 26, 2021, subject to accelerated vesting on certain specified events.
F2 Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria, to receive up to two (2) shares of the Issuer's common stock.
F3 The Reporting Person received the shares pursuant to a stock grant from the Issuer under the Plan. The 2021 Performance Stock Units were approved by the Issuer on February 26, 2021, subject to approval of an increase in the shares reserved under the Plan by the Company's stockholders at the Company's Annual Meeting on May 11, 2021 (which approval was obtained).
F4 Represents the target share amount that may be issued pursuant to such award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of specified performance goals. Assuming continued service through the vesting date and minimum achievement of the specified performance metrics, the Performance Stock Units, will generally vest on December 31, 2021 (with respect to the 2019 grant), December 31, 2022 (with respect to the 2020 grant) and December 31, 2023 (with respect to the 2021 grant).