Michael G. Medzigian - Apr 13, 2022 Form 4 Insider Report for Watermark Lodging Trust, Inc. (NONE)

Role
CEO & President, Director
Signature
/s/ Elizabeth Van Aken, Attorney-in-fact
Stock symbol
NONE
Transactions as of
Apr 13, 2022
Transactions value $
-$806,877
Form type
4
Date filed
4/14/2022, 10:50 AM
Next filing
Oct 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Class A Common Stock Award $0 +139K +16.56% $0.00 979K Apr 13, 2022 Direct F2
transaction NONE Class A Common Stock Award $0 +32.9K +3.36% $0.00 1.01M Apr 13, 2022 Direct F3
transaction NONE Class A Common Stock Award $0 +60.5K +5.98% $0.00 1.07M Apr 13, 2022 Direct F4
transaction NONE Class A Common Stock Tax liability -$807K -128K -11.96% $6.29* 944K Apr 13, 2022 Direct F5
holding NONE Class A Common Stock 341K Apr 13, 2022 By Michael G. Medzigian Revocable Trust F1
holding NONE Class A Common Stock 840K Apr 13, 2022 Direct F1

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
holding NONE OP Units 2.42M Apr 13, 2022 Class A Common Stock 2.42M By Watermark Capital Partners LLC F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subsequent to the Reporting Person's last Form 4 filed on April 15, 2021, the Reporting Person transferred 71,844.873 shares of WLT's Class A Common Stock from a directly-owned account to a trust in which the Reporting Person holds a pecuniary interest.
F2 Represents restricted share units ("RSUs") granted under the Watermark Lodging Trust, Inc. 2015 Equity Incentive Plan. These RSUs are scheduled to vest in three equal annual installments beginning on April 13, 2023 and ending on April 13, 2025 and are convertible on a one-for-one basis into shares of the Issuer's Class A Common Stock.
F3 Represents the vesting of performance-based RSU's upon the achievement of the applicable performance criteria related to RSU's granted pursuant to an employment agreement on April 13, 2020, which are scheduled to vest in four equal annual installments on each anniversary of the date of grant and are convertible on a one-for-one basis into shares of the Issuer's Class A common stock.
F4 Represents the vesting of performance-based RSU's upon the achievement of the applicable performance criteria related in RSU's granted under the Watermark Lodging Trust, Inc. 2015 Equity Incentive Plan on April 13, 2021, which are scheduled to vest in three equal annual installments on each anniversary of the date of grant and are convertible on a one-for-one basis into shares of the Issuer's Class A common stock.
F5 Represents the disposition of shares back to the issuer in satisfaction of certain tax liabilities.
F6 The OP Units are convertible for a number of shares of Class A Common Stock of equivalent value, at any time at the option of the holder and without expiration, for no additional consideration.