Deric S. Eubanks - 28 Feb 2022 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
02 Mar 2022, 20:41:54 UTC
Prior SEC filing
14 May 2021
Next SEC filing
15 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 02 Mar 2022.

Key facts

  • This page summarizes Deric S. Eubanks's Form 4 filing for ASHFORD HOSPITALITY TRUST INC (AHT).
  • 1 reported transaction and 3 derivative rows are listed below.
  • Accepted by SEC: 02 Mar 2022, 20:41.

Change

  • Previous filing in this sequence was filed on 14 May 2021.
  • Current net transaction value: -$943.

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

Tax liability

Transaction value
$943
Shares
-109
Change %
-0.39%
Price
$8.65
Shares after
28,096
Date
28 Feb 2022
Ownership
Direct
Footnotes
F1, F2, F3
AHT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
22
Date
28 Feb 2022
Ownership
By spouse's IRA
Footnotes
F3

Reported derivative securities

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

AHT holding Derivative

Common Limited Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,116
Date
28 Feb 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
Exercise price
$0.000000
Footnotes
F3, F4, F5, F6
AHT holding Derivative

Performance Stock Units (2021)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
23,208
Date
28 Feb 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
23,208
Exercise price
$0.000000
Footnotes
F3, F7, F8
AHT holding Derivative

Performance Stock Units (2020)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,000
Date
28 Feb 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,000
Exercise price
$0.000000
Footnotes
F3, F7, F8
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote 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.

Footnote F2

Represents the closing price of the common stock on February 25, 2022, the last trading day before the date of forfeiture.

Footnote F3

The shares shown have been adjusted to reflect the Issuer's reverse stock split of its outstanding shares of common stock on a 1-for-10 basis that occurred on July 16, 2021.

Footnote F4

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 F5

The Common Units do not have an expiration date.

Footnote F6

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 5 discussing the convertibility of the Common Units.

Footnote F7

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 F8

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, 2022 (with respect to the 2020 grant) and December 31, 2023 (with respect to the 2021 grant).

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