Mary Candace Evans - 10 May 2023 Form 4 Insider Report for Braemar Hotels & Resorts Inc. (BHR)

Role
Director
Signature
/s/ Candace Evans
Issuer symbol
BHR
Transactions as of
10 May 2023
Net transactions value
$0
Form type
4
Filing time
12 May 2023, 16:28:43 UTC
Previous filing
18 Nov 2022
Next filing
17 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BHR Common Stock 3,875 10 May 2023 Direct
holding BHR Series E Redeemable Preferred Stock 1,132 10 May 2023 Direct

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 BHR LTIP Units Award $0 +14,925 +32% $0.000000 61,641 10 May 2023 Common Stock $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Fully vested special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Limited Partnership Units of the Subsidiary ("Common Partnership Units"), are convertible into Common Partnership Units at the option of the Reporting Person. Common Partnership 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.
F2 The LTIP Unit awards reported herein were issued as an annual grant under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan upon the Reporting Person's re-election to the Issuer's Board of Directors.
F3 The LTIP Units have no expiration date.