Chatham Lodging (NYSE: CLDT) grants 15,515 shares as 2025 board pay

Rhea-AI Filing Summary

Chatham Lodging Trust reported that director David Grissen received a grant of 15,515 common shares on January 15, 2026. The shares were valued at $6.93 per share, based on the average closing price of the company’s common shares on the New York Stock Exchange over the last ten trading days of 2025.

This grant represents the share-based portion of the company’s previously disclosed annual compensation for trustees for fiscal year 2025, with the director electing to take 50% of his cash base fee in shares. Following this award, Grissen beneficially owns 46,987 common shares, held directly.

Insider Trade Summary

Net Buyer: 15,515 shares

Net Buy 1 txn

Insider Grissen David

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	15,515	$6.93	$108K

Holdings After Transaction: Common Shares — 46,987 shares (Direct)

Footnotes (1)

1. F1. Represents a grant of 15,515 common shares to the reporting person on January 15, 2026 as payment for serving on the board of trustees of Chatham Lodging Trust (the "Company") in 2025. The share grant comprises the share-based portion of the Company's previously disclosed annual compensation to its trustees for fiscal year 2025. Reporter elected to receive 50% of his cash election annual base fee in shares. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the last ten trading days of 2025.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/16/2026 - 09:34 AM Learn about SEC filing dates

FAQ

What insider transaction did Chatham Lodging Trust (CLDT) report for David Grissen?

The filing reports that director David Grissen received a grant of 15,515 Chatham Lodging Trust common shares on January 15, 2026.

What was the price used for the 15,515-share grant in the CLDT Form 4?

The grant was reported at a value of $6.93 per share, based on the average closing price of Chatham’s common shares over the last ten trading days of 2025.

Why did Chatham Lodging Trust grant 15,515 shares to its director?

The 15,515 common shares were granted as payment for serving on the board of trustees in fiscal year 2025 and represent the share-based portion of the company’s previously disclosed annual trustee compensation.

Did the director elect to receive additional compensation in CLDT shares?

Yes. The filing states that the director elected to receive 50% of his cash election annual base fee in shares, increasing the equity portion of his board compensation.

How many Chatham Lodging Trust shares does David Grissen own after this transaction?

After the grant, David Grissen beneficially owns 46,987 common shares of Chatham Lodging Trust, held directly.

Was this CLDT Form 4 transaction an open-market purchase or a compensation grant?

The transaction is described as a grant of common shares as compensation for board service in 2025, not an open-market purchase or sale.

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^*

Grissen David

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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
Common Shares(1)	01/15/2026		A		15,515	A	$6.93	46,987	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 a grant of 15,515 common shares to the reporting person on January 15, 2026 as payment for serving on the board of trustees of Chatham Lodging Trust (the "Company") in 2025. The share grant comprises the share-based portion of the Company's previously disclosed annual compensation to its trustees for fiscal year 2025. Reporter elected to receive 50% of his cash election annual base fee in shares. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the last ten trading days of 2025.

	/s/ Dennis M. Craven, as Attorney in Fact	01/16/2026
	** 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.
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