Deric S. Eubanks - Feb 28, 2022 Form 4 Insider Report for Braemar Hotels & Resorts Inc. (BHR)

Role
CFO and Treasurer
Signature
/s/ Deric S. Eubanks
Stock symbol
BHR
Transactions as of
Feb 28, 2022
Transactions value $
-$15,190
Form type
4
Date filed
3/2/2022, 08:40 PM
Previous filing
May 14, 2021
Next filing
Mar 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHR Common Stock Tax liability -$15.2K -2.45K -1.31% $6.20 184K Feb 28, 2022 Direct F1, F2
holding BHR Common Stock 533 Feb 28, 2022 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
holding BHR Performance Stock Units (2021) 112K Feb 28, 2022 Common Stock 112K $0.00 Direct F3, F4
holding BHR Performance Stock Units (2020) 32.5K Feb 28, 2022 Common Stock 32.5K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the vesting of restricted stock held by the Reporting Person.
F2 Represents the closing price of the common stock on February 25, 2022, the last trading day before the date of forfeiture.
F3 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.
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).