Mark Nunneley - 09 Jul 2021 Form 4 Insider Report for Braemar Hotels & Resorts Inc. (BHR)

Role: Chief Accounting Officer
Signature: /s/ Mark Nunneley
Issuer symbol: BHR
Transactions as of: 09 Jul 2021
Net transactions value: +$202,500
Form type: 4
Filing time: 13 Jul 2021, 16:05:50 UTC
Previous filing: 03 Jun 2021
Next filing: 14 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BHR	Series E Redeemable Preferred Stock	Purchase	$202,500	+9,000		$22.50	9,000	09 Jul 2021	Direct
holding	BHR	Common Stock						295,954	09 Jul 2021	Direct

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

Type	Sym	Class	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BHR	Performance Stock Units (2021)	65,331	09 Jul 2021	Common Stock	65,331	$0.000000	Direct	F1, F2
holding	BHR	Performance Stock Units (2020)	20,000	09 Jul 2021	Common Stock	20,000	$0.000000	Direct	F1, F2
holding	BHR	Performance Stock Units (2019)	18,029	09 Jul 2021	Common Stock	18,029	$0.000000	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	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).

Content

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.

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).