David R. Folsom - 23 Jan 2023 Form 4 Insider Report for Sotherly Hotels Inc. (SOHO)

Role
President and CEO, Director
Signature
/s/ David R. Folsom
Issuer symbol
SOHO
Transactions as of
23 Jan 2023
Net transactions value
$0
Form type
4
Filing time
25 Jan 2023, 15:02:10 UTC
Previous filing
13 Jan 2023
Next filing
19 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOHO Common Stock Award +38,000 +9.4% 443,806 23 Jan 2023 Direct F1
holding SOHO Common Stock 69,694 23 Jan 2023 By David R. Folsom Revocable Trust
holding SOHO Common Stock 50,070 23 Jan 2023 By ESOP F2
holding SOHO 8.0% Series B Preferred Stock 1,450 23 Jan 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities were granted pursuant to an amendment to the Reporting Person's employment agreement, dated January 23, 2023, and pursuant to the Issuer's 2022 Long-Term Incentive Plan. The securities will vest in equal amounts of 7,600 shares over a five-year period.
F2 Reflects allocations under the issuer's Employee Stock Ownership Plan.
F3 The full security title is 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock.