| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BHR | Common Stock | Sale | -$177K | -31.2K | -17.2% | $5.66 | 150K | Mar 14, 2022 | Direct | F1 |
| transaction | BHR | Common Stock | Tax liability | -$15.6K | -2.59K | -1.41% | $6.04 | 182K | Mar 11, 2022 | Direct | F2, F3 |
| holding | BHR | Common Stock | 533 | Mar 11, 2022 | By spouse's IRA |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BHR | Performance LTIP Units (2022) | Award | $0 | +202K | $0.00 | 202K | Mar 15, 2022 | Common Stock | 202K | $0.00 | Direct | F6, F7, F8 | |
| holding | BHR | Performance Stock Units (2021) | 112K | Mar 11, 2022 | Common Stock | 112K | $0.00 | Direct | F4, F5 | |||||
| holding | BHR | Performance Stock Units (2020) | 32.5K | Mar 11, 2022 | Common Stock | 32.5K | $0.00 | Direct | F4, F5 |
| Id | Content |
|---|---|
| F1 | Reflects the weighted average price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $5.72 to $5.61, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified. |
| F2 | 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. |
| F3 | Represents the closing price of the common stock on March 10, 2022, the last trading day before the date of forfeiture. |
| F4 | 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 (3) shares of the Issuer's common stock. |
| F5 | 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, 2022 (with respect to the 2020 grant) and December 31, 2023 (with respect to the 2021 grant). |
| F6 | Each performance LTIP unit ("Performance LTIP Unit") award represents a special long-term incentive partnership unit ("LTIP Unit"),in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary, subject to specified performance-based vesting criteria. |
| F7 | The Reporting Person received the Performance LTIP Units and LTIP Units awards reported herein under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan. |
| F8 | Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units. The actual number of Performance LTIP Units that may vest can range from 0% to 200% 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 Limited Partnership Units ("Common Units"), are convertible into Common Units at the option of the Reporting Person. 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. |