Mark Nunneley - Mar 11, 2022 Form 4 Insider Report for ASHFORD HOSPITALITY TRUST INC (AHT)

Signature
/s/ Mark Nunneley
Stock symbol
AHT
Transactions as of
Mar 11, 2022
Transactions value $
-$419
Form type
4
Date filed
3/15/2022, 09:15 PM
Previous filing
Mar 2, 2022
Next filing
Mar 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AHT Common Stock Tax liability -$419 -49 -0.39% $8.56 12.6K Mar 11, 2022 Direct F1, F2

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
transaction AHT Performance LTIP Units (2022) Award $0 +124K $0.00 124K Mar 15, 2022 Common Stock 124K $0.00 JoyceMadgra LLC F3, F4, F5
holding AHT Common Limited Partnership Units 4.72K Mar 11, 2022 Common Stock $0.00 Direct F6, F7, F8
holding AHT Performance Stock Units (2021) 12.2K Mar 11, 2022 Common Stock 12.2K $0.00 Direct F9
holding AHT Performance Stock Units (2020) 500 Mar 11, 2022 Common Stock 500 $0.00 Direct F9
* 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 March 10, 2022, the last trading day before the date of forfeiture.
F3 Each performance LTIP unit ("Performance LTIP Unit") award represents a special long-term incentive partnership unit ("LTIP Unit") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"), subject to specified performance-based vesting criteria.
F4 The Reporting Person received the Performance LTIP Units and LTIP Units awards reported herein under the Issuer's 2021 Stock Incentive Plan.
F5 Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 250% of the target number of LTIP Units. The actual number of Performance LTIP Units that may vest can range from 0% to 250% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units, will generally vest on December 31, 2024. Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 6 discussing the convertibility of the Common Units.
F6 Common Limited Partnership Units ("Common Units") of 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.
F7 The Common Units do not have an expiration date.
F8 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 6 discussing the convertibility of the Common Units.
F9 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).