Executive at Chatham Lodging Trust (CLDT) awarded 67,446 LTIP Units

Rhea-AI Filing Summary

CRAVEN DENNIS M reported acquisition or exercise transactions in this Form 4 filing.

Chatham Lodging Trust EVP & COO Dennis M. Craven received a grant of 67,446 LTIP Units on March 1, 2026 at a price of $0.00 per unit. These equity-based awards vest in three equal annual installments over three years, subject to continued employment, and entitle the holder to distributions before vesting.

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

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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^*

CRAVEN DENNIS M

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & COO

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		67,446		(1)	(1)	Common Shares	67,446	$0	664,620	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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FAQ

What did Chatham Lodging Trust (CLDT) disclose in this Form 4?

Chatham Lodging Trust reported an equity award to EVP & COO Dennis M. Craven. He received 67,446 LTIP Units on March 1, 2026, as part of the company’s equity incentive plan, increasing his directly held LTIP-related interests to 664,620 units after the grant.

How many LTIP Units were granted to the CLDT executive in this filing?

The executive received a grant of 67,446 LTIP Units. These are restricted units of limited partnership interest in Chatham Lodging, L.P., issued under the company’s Equity Incentive Plan, and they were awarded at a stated price of $0.00 per unit as compensation.

What are the vesting terms for the LTIP Units reported by CLDT?

One-third of the LTIP Units vest on each of the first three anniversaries of the March 1, 2026 grant date. Vesting is conditioned on the executive’s continued employment with Chatham Lodging Trust, aligning the award with multi‑year service and performance continuity at the company.

Can the CLDT LTIP Units be exchanged for other securities or cash?

Vested LTIP Units, once they achieve parity with Operating Partnership units under the partnership agreement, may be exchanged one‑for‑one for Operating Partnership units or, at the issuer’s option, an equivalent amount of cash, providing flexibility in how the value of the award is realized.

Do the LTIP Units in this CLDT Form 4 provide distributions before vesting?

Yes. The filing states the holder is entitled to receive distributions on the LTIP Units prior to vesting. This means the executive may receive cash distributions associated with the units even before they fully vest over the three‑year schedule, enhancing the award’s ongoing economic benefits.

Do the LTIP Units reported by Chatham Lodging Trust have an expiration date?

The LTIP Units have no expiration dates. According to the disclosure, these restricted units of limited partnership interest were issued under the company’s Equity Incentive Plan and remain outstanding subject to vesting conditions and potential exchange into Operating Partnership units or cash under stated terms.