Deric S. Eubanks - 12 May 2021 Form 4 Insider Report for ASHFORD HOSPITALITY TRUST INC (AHT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
14 May 2021, 20:43:39 UTC
Prior SEC filing
13 May 2021
Next SEC filing
02 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Deric S. Eubanks

Key filing fact

Deric S. Eubanks filed Form 4 for ASHFORD HOSPITALITY TRUST INC (AHT) on 14 May 2021.

Key facts

  • This page summarizes Deric S. Eubanks's Form 4 filing for ASHFORD HOSPITALITY TRUST INC (AHT).
  • 2 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 14 May 2021, 20:43.

Change

  • Previous filing in this sequence was filed on 13 May 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AHT transaction

Common Stock

Award

Transaction value
$0
Shares
+232,085
Change %
+464%
Price
$0.000000
Shares after
282,050
Date
12 May 2021
Ownership
Direct
Footnotes
F1
AHT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
221
Date
12 May 2021
Ownership
By spouse's IRA

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AHT transaction Derivative

Performance Stock Units (2021)

Award

Transaction value
$0
Shares
+232,084
Change %
Price
$0.000000
Shares after
232,084
Date
12 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
232,084
Exercise price
$0.000000
Footnotes
F5, F6, F7
AHT holding Derivative

Common Limited Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
11,169
Date
12 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
Exercise price
$0.000000
Footnotes
F2, F3, F4
AHT holding Derivative

Performance Stock Units (2020)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
10,000
Date
12 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,000
Exercise price
$0.000000
Footnotes
F5, F7
AHT holding Derivative

Performance Stock Units (2019)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
10,741
Date
12 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,741
Exercise price
$0.000000
Footnotes
F5, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

On March 8, 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 2021 Stock Incentive Plan (the "Plan"), subject to approval of the Plan by the Company's stockholders at the Company's Annual Meeting on May 12, 2021 (which approval was obtained). Such shares generally vest in three (3) substantially equal installments on the first three (3) anniversaries following March 8, 2021, subject to accelerated vesting on certain specified events.

Footnote F2

Common Limited Partnership Units ("Common Units") of the Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary (the "Subsidiary"). Common Units are redeemable for cash or, at the option of the Issuer, convertible into shares of the Issuer's common stock on a 1-for-1 basis.

Footnote F3

The Common Units do not have an expiration date.

Footnote F4

Reflects aggregate number of Common Units currently held by the Reporting Person, some of which may have been converted from special long-term incentive partnership units of the Subsidiary by the Reporting Person since the Reporting Person's most recent Form 4 or Form 5 filing. See Footnote 2 discussing the convertibility of the Common Units.

Footnote F5

Each performance stock unit ("Performance Stock Unit") award granted in 2020 represents a right to receive between 0% and 200% of the target number of Performance Stock Units reflected in the table. Each Performance Stock Unit award granted in 2021 represents a right to receive between 0% and 250% of the target number of Performance Stock Units reflected in the table.

Footnote F6

The Reporting Person received the 2021 Performance Stock Units pursuant to a grant from the Issuer under the Plan, and the 2019 and 2020 Performance Stock Units pursuant to a grant under the Issuer's 2011 Stock Incentive Plan.

Footnote F7

Represents the target number of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% (in the case of 2020 Performance Stock Units) or 0% to 250% (in the case of 2021 Performance Stock Units) of the target number of Performance Stock Units reported, based on achievement of specified performance metrics. 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).

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