Paul Ruiz - Mar 22, 2024 Form 4 Insider Report for Summit Hotel Properties, Inc. (INN)

Role
SVP & Chief Accounting Officer
Signature
/s/ Christopher R. Eng, as Attorney-in-Fact
Stock symbol
INN
Transactions as of
Mar 22, 2024
Transactions value $
$0
Form type
4
Date filed
3/25/2024, 05:31 PM
Previous filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INN Common Stock Tax liability $0 -9.74K -3.14% $0.00 300K Mar 22, 2024 Direct F1
transaction INN Common Stock Disposed to Issuer $0 -23.3K -7.78% $0.00 277K Mar 22, 2024 Direct F2
* 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 surrendered to the Issuer to satisfy the reporting person's tax withholding obligations related to vesting of previously issued restricted common stock awards.
F2 Represents shares of common stock that were subject to performance-based vesting conditions previously granted to the reporting person under the Issuer's 2011 Equity Incentive Plan As Amended and Restated that were forfeited as a result of performance metrics not being met.