Alex Rose - 26 Feb 2025 Form 4 Insider Report for Braemar Hotels & Resorts Inc. (BHR)

Role
Exec. VP, GC and Secretary
Signature
/s/ Alex Rose
Issuer symbol
BHR
Transactions as of
26 Feb 2025
Net transactions value
-$53,141
Form type
4
Filing time
28 Feb 2025, 16:43:25 UTC
Previous filing
01 Nov 2024
Next filing
04 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHR Common Stock Options Exercise +70,839 70,839 26 Feb 2025 Direct F1
transaction BHR Common Stock Award +10,289 +15% 81,128 26 Feb 2025 Direct F2
transaction BHR Common Stock Tax liability $53,141 -19,755 -24% $2.69 61,373 26 Feb 2025 Direct F3, F4

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 Performance Stock Units (2022) Award +30,127 +74% 70,839 26 Feb 2025 Common Stock 70,839 $0.000000 Direct F1, F5
transaction BHR Performance Stock Units (2022) Options Exercise -70,839 -100% 0 26 Feb 2025 Common Stock 0 $0.000000 Direct F1, F2, F5
holding BHR Performance Stock Units (2023) 67,233 26 Feb 2025 Common Stock 67,233 $0.000000 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 (2) shares of the Issuer's common stock.
F2 Represents dividend equivalent rights that accrued on a Performance Stock Unit award pursuant to the dividend reinvestment feature of the award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock and is settled in common stock.
F3 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 award of dividend equivalent rights and the vesting of Performance Stock Units, restricted stock and common stock held by the Reporting Person.
F4 Represents the closing price of the common stock on February 25, 2025, the last trading day before the date of forfeiture.
F5 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% of the target number of Performance Stock Units reported, 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 returns, the Performance Stock Units, as adjusted, will generally vest on December 31, 2025 (with respect to the 2023 grant).