Daniel P. Hansen - 08 Apr 2022 Form 4 Insider Report for Summit Hotel Properties, Inc. (INN)

Role
Director
Signature
/s/ Christopher R. Eng, as Attorney-in-Fact
Issuer symbol
INN
Transactions as of
08 Apr 2022
Net transactions value
$0
Form type
4
Filing time
08 Apr 2022, 17:00:54 UTC
Previous filing
26 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INN Common Stock Award $0 +53,747 +10% $0.000000 582,123 08 Apr 2022 Direct F1
transaction INN Common Stock Tax liability $0 -78,090 -13% $0.000000 504,033 08 Apr 2022 Direct F2
holding INN Common Stock 153,590 08 Apr 2022 Through Family Company
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents additional shares that were earned based on the Issuer's cumulative TSR performance compared to peer group for the measurement period starting March 7, 2019 and ending March 7, 2022 pursuant to a previously reported stock award agreement between Issuer and the reporting person.
F2 Represents shares of common stock surrendered to the Issuer to satisfy the reporting person's tax withholding obligations related to vesting of previously issued restricted common stock awards.