Chatham Lodging director gets 5,000 share grant

A Chatham Lodging Trust director received a 5,000-share restricted stock grant that vests over three years and now represents his full direct holdings.

Rhea-AI Filing Summary

Chatham Lodging Trust (symbol: CLDT) is the issuer of record for a Form 4 filing submitted to the SEC. Brown William P reported acquisition or exercise transactions in this Form 4 filing.

Chatham Lodging Trust (CLDT) reported that director William P. Brown received an initial grant of 5,000 restricted common shares on September 10, 2026. The award was made at a stated price of $0.00 per share, will vest ratably over the first three anniversaries of the grant date, and represents his entire directly held position after the grant. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 5,000 shares

Grant/Award 1 txn

Insider Brown William P

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares F1	5,000	$0.00	$0.00

Holdings After Transaction: Common Shares — 5,000 shares (Direct)

Footnotes (1)

1. F1. Represents an initial grant of 5,000 restricted common shares granted to the reporting person on September 10, 2026. These shares will vest ratably over the first three anniversaries of the date of the grant.

Key Figures

Restricted common shares granted: 5,000 shares Transaction price per share: $0.00 per share Direct holdings after transaction: 5,000 shares +2 more

5 metrics

Restricted common shares granted 5,000 shares Initial grant to director William P. Brown on September 10, 2026

Transaction price per share $0.00 per share Grant of 5,000 restricted common shares on September 10, 2026

Direct holdings after transaction 5,000 shares Director William P. Brown’s directly held CLDT shares following the grant

Vesting period 3 years Restricted shares vest ratably over the first three anniversaries of the grant

Grant date September 10, 2026 Date of initial 5,000-share restricted common share grant

Key Terms

restricted common shares, vest ratably, anniversaries of the date of the grant

3 terms

restricted common shares financial

"Represents an initial grant of 5,000 restricted common shares granted"

Restricted common shares are company stock that cannot be freely sold or transferred until certain conditions are met, such as time-based vesting, performance targets, or regulatory clearance. For investors, they matter because they reduce the number of shares available to trade today but can increase supply later, affecting share price, liquidity and potential dilution — like a stash of coupons that can't be used until a future date.

vest ratably financial

"These shares will vest ratably over the first three anniversaries"

anniversaries of the date of the grant financial

"over the first three anniversaries of the date of the grant"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CLDT disclose for director William P. Brown?

CLDT disclosed that director William P. Brown received an initial grant of 5,000 restricted common shares on September 10, 2026. The shares vest ratably over the first three anniversaries of the grant date and were reported at a stated price of $0.00 per share.

How many CLDT shares were involved in the latest Form 4 filing?

The Form 4 reports a grant of 5,000 restricted common shares of Chatham Lodging Trust (CLDT) to director William P. Brown. Following this award, his directly held position is reported as 5,000 shares.

What is the vesting schedule for the 5,000 CLDT restricted common shares?

The 5,000 restricted common shares granted to director William P. Brown will vest ratably over the first three anniversaries of the September 10, 2026 grant date, meaning portions of the award become non-forfeitable on each of those three anniversaries.

Was the CLDT director’s 5,000-share grant made under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not marked, and the Form 4 does not state that the 5,000-share restricted stock grant to director William P. Brown was made pursuant to any Rule 10b5-1 trading plan.

What is the reported price for the CLDT restricted shares granted to the director?

The Form 4 reports a transaction price of $0.00 per share for the 5,000 restricted common shares granted to director William P. Brown on September 10, 2026, consistent with a compensatory equity award rather than an open-market purchase.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 02:09 PM Accepted by SEC EDGAR 09/14/2026 - 02:09 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Brown William P

(Last) (First) (Middle)

222 LAKEVIEW AVENUE

SUITE 200

(Street)

WEST PALM BEACH FLORIDA 33401

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

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

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

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

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
Common Shares(1)	09/10/2026		A		5,000	A	$0	5,000	D

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

Explanation of Responses:

1. Represents an initial grant of 5,000 restricted common shares granted to the reporting person on September 10, 2026. These shares will vest ratably over the first three anniversaries of the date of the grant.

	/s/ Dennis M. Craven, as Attorney in Fact	09/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)