| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AHT | Common Stock | Award | $0 | +122K | +167.62% | $0.00 | 195K | May 12, 2021 | Direct | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AHT | Performance Stock Units (2021) | Award | $0 | +122K | $0.00 | 122K | May 12, 2021 | Common Stock | 122K | $0.00 | Direct | F5, F6, F7 | |
| holding | AHT | Common Limited Partnership Units | 47.2K | May 12, 2021 | Common Stock | $0.00 | Direct | F2, F3, F4 | ||||||
| holding | AHT | Performance Stock Units (2020) | 5K | May 12, 2021 | Common Stock | 5K | $0.00 | Direct | F5, F7 | |||||
| holding | AHT | Performance Stock Units (2019) | 5.7K | May 12, 2021 | Common Stock | 5.7K | $0.00 | Direct | F5, F7 |
| Id | Content |
|---|---|
| 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. |
| F2 | Common Limited Partnership Units ("Common Units") of 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. |
| F3 | The Common Units do not have an expiration date. |
| F4 | Reflects aggregate number of Common Units currently held by the Reporting Person, some of which have been converted from special long-term incentive partnership units of the Subsidiary by the Reporting Person. See Footnote 2 discussing the convertibility of the Common Units. |
| 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. |
| F6 | The Reporting Person received the 2021 Performance Stock Units pursuant to a grant from the Issuer under the Issuer's 2021 Stock Incentive Plan, and the 2019 and 2020 Performance Stock Units pursuant to a grant under the Issuer's 2011 Stock Incentive Plan. |
| 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). |