Monty J. Bennett - 24 Feb 2026 Form 4 Insider Report for Braemar Hotels & Resorts Inc. (BHR)

Reporting relationship: Director
Issuer ticker: BHR
Reported as of: 24 Feb 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 26 Feb 2026, 18:26:01 UTC
Prior SEC filing: 03 Sep 2025
Source filing: View source filing
Reporting owner signature: /s/ Monty J. Bennett

Key filing fact

Monty J. Bennett filed Form 4 for Braemar Hotels & Resorts Inc. (BHR) on 26 Feb 2026.

Key facts

This page summarizes Monty J. Bennett's Form 4 filing for Braemar Hotels & Resorts Inc. (BHR).
3 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 26 Feb 2026, 18:26.

Change

Previous filing in this sequence was filed on 03 Sep 2025.
Current net transaction value: $0.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001260654 Primary reporting owner

Bennett Monty J

Relationship: Director
Address: 14185 DALLAS PARKWAY SUITE 1200, DALLAS
Signature: /s/ Monty J. Bennett
Signature date: 26 Feb 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BHR transaction

Common Stock

Other

Transaction value
Shares: +123,477
Change %
Price
Shares after: 123,477
Date: 24 Feb 2026
Ownership: By Ashford Financial Corporation
Footnotes: F7, F8

BHR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 445,764
Date: 24 Feb 2026
Ownership: By Texas Yarrow 2021 PS

BHR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 14,152
Date: 24 Feb 2026
Ownership: Direct

BHR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 267
Date: 24 Feb 2026
Ownership: By Spouse

BHR holding

Series E Redeemable Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 44,444
Date: 24 Feb 2026
Ownership: By MJB Investments, LP

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BHR transaction Derivative

Performance LTIP Units (2023)

Disposed to Issuer

Transaction value
Shares: -352,590
Change %: -100%
Price
Shares after: 0
Date: 24 Feb 2026
Ownership: By Texas Yarrow LLC - 2023 PS
Underlying class: Common Stock
Underlying amount: 352,590
Exercise price: $0.000000
Footnotes: F1, F2

BHR transaction Derivative

Common Partnership Units

Other

Transaction value
Shares: -123,477
Change %: -100%
Price
Shares after: 0
Date: 24 Feb 2026
Ownership: By Ashford Financial Corporation
Underlying class: Common Stock
Underlying amount: 123,477
Exercise price: $0.000000
Footnotes: F3, F4, F5, F6, F7

BHR holding Derivative

Common Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 56,745
Date: 24 Feb 2026
Ownership: By Texas Yarrow 2021 PS
Underlying class: Common Stock
Underlying amount: 56,745
Exercise price: $0.000000
Footnotes: F3, F4, F5

BHR holding Derivative

Common Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 454,310
Date: 24 Feb 2026
Ownership: By Texas Yarrow LLC - 2022 PS
Underlying class: Common Stock
Underlying amount: 454,310
Exercise price: $0.000000
Footnotes: F3, F4, F5

BHR holding Derivative

Common Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,200
Date: 24 Feb 2026
Ownership: By Spouse
Underlying class: Common Stock
Underlying amount: 3,200
Exercise price: $0.000000
Footnotes: F3, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Each performance LTIP Unit ("Performance LTIP Unit") award represented a special long-term incentive partnership unit ("LTIP Unit") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"), subject to performance-based vesting criteria.

Footnote F2

Represents 352,950 Performance LTIP Units that were forfeited due to certain performance criteria of the 2023 Performance LTIP Unit award not being met.

Footnote F3

Neither the Common Partnership Units nor vested LTIP Units (including any LTIP Units awarded upon achievement of the specified performance criteria relating to vested Performance LTIP Units) have an expiration date.

Footnote F4

Common Limited Partnership Units of the Subsidiary ("Common Partnership Units"). Common Partnership Units are redeemable for cash or, at the option of the Issuer, redeemable for shares of the Issuer's common stock on a 1-for-1 basis.

Footnote F5

Reflects the aggregate number of Common Partnership 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 4 discussing the convertibility of the Common Partnership Units.

Footnote F6

Represents Common Partnership Units redeemed by the Issuer on February 24, 2026 for 123,477 shares of the Issuer's common stock. Such transaction is further reflected in Table I above (see also footnote 7).

Footnote F7

Represents shares of common stock issued by the Issuer in connection with the Issuer's redemption of 123,477.15 Common Partnership Units of the Subsidiary. Such Common Partnership Units were redeemable, at the option of the Issuer, for 123,477 shares of the Issuer's common stock on a one-for-one basis, while rounding down fractional Common Partnership Units.

Footnote F8

Reflects only the Reporting Person's pecuniary interest in the aggregate number of shares of common stock held directly by Ashford Financial Corporation. The Reporting Person hereby disclaims any interest in all other securities of the Issuer held directly by Ashford Financial Corporation.