Key facts
- This page summarizes J. Robison Hays III's Form 4 filing for ASHFORD HOSPITALITY TRUST INC (AHT).
- 4 reported transactions and 5 derivative rows are listed below.
- Accepted by SEC: 08 Mar 2024, 18:01.
J. Robison Hays III - 06 Mar 2024 Form 4 Insider Report for ASHFORD HOSPITALITY TRUST INC (AHT)
- Reporting relationship
- President and CEO, Director
- Issuer ticker
- AHT
- Reported as of
- 06 Mar 2024
- Net transaction value
- -$12,180
- SEC form
- 4
- Accepted by SEC
- 08 Mar 2024, 18:01:01 UTC
- Prior SEC filing
- 17 May 2023
- Next SEC filing
- 19 Mar 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ J. Robison Hays, III
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
J. Robison Hays III filed Form 4 for ASHFORD HOSPITALITY TRUST INC (AHT) on 08 Mar 2024.
Change
- Previous filing in this sequence was filed on 17 May 2023.
- Current net transaction value: -$12,180.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
AHT
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +32,064
- Change %
- +36%
- Price
- Shares after
- 122,040
- Date
- 06 Mar 2024
- Ownership
- Direct
- Footnotes
- F1
AHT
transaction
Common Stock
Tax liability
- Transaction value
- $12,180
- Shares
- -7,808
- Change %
- -6.4%
- Price
- $1.56
- Shares after
- 114,232
- Date
- 06 Mar 2024
- Ownership
- Direct
- Footnotes
- F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
AHT
transaction
Derivative
Performance Stock Units (2021)
Disposed to Issuer
- Transaction value
- Shares
- -10,688
- Change %
- -25%
- Price
- Shares after
- 32,064
- Date
- 06 Mar 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 32,064
- Exercise price
- $0.000000
- Footnotes
- F1, F4, F5, F6
AHT
transaction
Derivative
Performance Stock Units (2021)
Options Exercise
- Transaction value
- Shares
- -32,064
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 06 Mar 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 0
- Exercise price
- $0.000000
- Footnotes
- F1, F4, F6
AHT
holding
Derivative
Performance LTIP Units (2022)
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 377,688
- Date
- 06 Mar 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 377,688
- Exercise price
- $0.000000
- Footnotes
- F7, F8
AHT
holding
Derivative
Performance Stock Units (2023)
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 87,338
- Date
- 06 Mar 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 87,338
- Exercise price
- $0.000000
- Footnotes
- F4, F6
AHT
holding
Derivative
Common Limited Partnership Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 4,680
- Date
- 06 Mar 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 4,680
- Exercise price
- $0.000000
- Footnotes
- F9, F10, F11
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 11 footnotes
Footnote F1
Each performance stock unit ("Performance Stock Unit") represents the contingent right to receive, upon vesting, one share of the Issuer's Common Stock.
Footnote F2
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 vesting of restricted stock held by the Reporting Person.
Footnote F3
Represents the closing price of the common stock on February 26, 2024, the last trading day before the date of forfeiture.
Footnote F4
Each Performance Stock Unit award granted in 2021 and 2023 represents a right to receive between 0% and 250% of the target number of Performance Stock Units reflected in the table.
Footnote F5
Represents 10,688 shares that were forfeited due to certain performance criteria of the 2021 Performance Stock Unit award not being met.
Footnote F6
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 250% 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, 2023 (with respect to the 2021 grant) and December 31, 2025 (with respect to the 2023 grant).
Footnote F7
Each performance LTIP unit ("Performance LTIP Unit") award represents a special long-term incentive partnership unit ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary") subject to specified performance-based vesting criteria.
Footnote F8
Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 250% of the target number of LTIP Units. The actual number of Performance LTIP Units that may vest can range from 0% to 250% of the target number of Performance LTIP Units, 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 return, the Performance LTIP Units will generally vest on December 31, 2024. See Footnote 9 discussing the convertibility of vested LTIP Units.
Footnote F9
Common Limited Partnership Units of the Subsidiary ("Common Units"). Common 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.
Footnote F10
The Common Units do not have an expiration date.
Footnote F11
Reflects the aggregate number of Common Units currently held directly or indirectly, as noted, by the Reporting Person, some of which may have been converted from LTIP Units by the Reporting Person since the Reporting Person's most recent Form 4 or Form 5 filing. See Footnote 9 discussing the convertibility of the Common Units.