Chatham Lodging Trust (CLDT) CEO receives 137,484 LTIP unit award

Rhea-AI Filing Summary

FISHER JEFFREY H reported acquisition or exercise transactions in this Form 4 filing.

Chatham Lodging Trust President and CEO Jeffrey H. Fisher reported an equity award of 137,484 LTIP Units in Chatham Lodging, L.P., granted on March 1, 2026. These represent restricted partnership units issued at no cash cost to him.

One-third of the LTIP Units vest on each of the first three anniversaries of the grant date, as long as he remains employed by the company. Once vested and after reaching parity with other operating partnership units, they may be exchanged one-for-one for operating partnership units or, at the company’s option, an equivalent amount of cash.

Fisher is entitled to receive distributions on the LTIP Units before they vest, and the units were issued under the company’s Equity Incentive Plan with no stated expiration date. Following this grant, he directly holds 1,566,561 LTIP or related units.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FISHER JEFFREY H

(Last) (First) (Middle)

222 LAKEVIEW AVENUE

SUITE 200

(Street)

WEST PALM BEACH FL 33401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Chatham Lodging Trust [ CLDT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Units	(1)	03/01/2026		A		137,484		(1)	(1)	Common Shares	137,484	$0	1,566,561	D

Explanation of Responses:

1. Represents restricted units of limited partnership interest ("LTIP Units") in Chatham Lodging, L.P. (the "Operating Partnership"), of which the Issuer is the general partner, granted to the reporting person on March 1, 2026. Vested LTIP Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the Operating Partnership's limited partnership agreement, may be exchanged at any time at the election of the holder for Operating Partnership units on a one-for-one basis or, at the Issuer's option, an equivalent amount of cash. One-third of the reporting person's LTIP Units vest on each of the first three anniversaries of the date of grant, subject to the reporting person's continued employment with the Issuer. Prior to vesting, the holder is entitled to receive distributions on the LTIP units. The LTIP Units were issued pursuant to the Issuer's Equity Incentive Plan and have no expiration dates.

	/s/ Dennis M. Craven, as Attorney in Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did Chatham Lodging Trust (CLDT) CEO Jeffrey Fisher report on this Form 4?

Jeffrey Fisher reported an award of 137,484 LTIP Units in Chatham Lodging, L.P. These restricted partnership units were granted on March 1, 2026, at no cash cost and increase his directly held LTIP and related units to 1,566,561 after the transaction.

How do the 137,484 LTIP Units granted to CLDT’s CEO vest over time?

The 137,484 LTIP Units vest in three equal parts over three years. One-third vests on each of the first three anniversaries of the March 1, 2026 grant date, provided Jeffrey Fisher continues his employment with Chatham Lodging Trust throughout these vesting periods.

Can the LTIP Units reported by CLDT’s CEO be exchanged for other securities or cash?

Once vested LTIP Units achieve parity with operating partnership units, they may be exchanged one-for-one for operating partnership units or, at Chatham Lodging Trust’s option, an equivalent cash amount. This exchange feature is governed by the operating partnership’s limited partnership agreement terms.

Does CLDT’s CEO receive distributions on the LTIP Units before they vest?

Yes, the holder is entitled to receive distributions on the LTIP Units before vesting. This means Jeffrey Fisher can receive partnership distributions during the restricted period, even though the units vest over three years under the company’s Equity Incentive Plan.

Were the LTIP Units for CLDT’s CEO granted under an equity incentive plan?

The LTIP Units were issued under Chatham Lodging Trust’s Equity Incentive Plan. This plan allows the company to grant equity-based awards, such as these restricted partnership units, to executives as part of their long-term incentive and compensation structure.

Do the LTIP Units reported by CLDT’s CEO have an expiration date?

The LTIP Units granted to Jeffrey Fisher have no expiration dates. They remain outstanding subject to vesting conditions, parity achievement with operating partnership units, and potential exchange for operating partnership units or equivalent cash, as described in the partnership agreement.