Chatham Lodging grants 41,505 LTIP units to CFO
Chatham Lodging Trust’s CFO Jeremy Bruce Wegner reported an equity award.
Rhea-AI Filing Summary
Chatham Lodging Trust’s CFO Jeremy Bruce Wegner reported an equity award. He acquired 41,505 restricted LTIP Units of Chatham Lodging, L.P., granted on March 1, 2026, at a price of $0 per unit.
One-third of these LTIP Units vest on each of the first three anniversaries of the grant date, contingent on his continued employment. Once vested and having reached parity with existing Operating Partnership units, they may be exchanged one-for-one into Operating Partnership units or, at the issuer’s option, an equivalent amount of cash. The LTIP Units entitle the holder to distributions prior to vesting, were issued under the company’s Equity Incentive Plan, and have no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 41,505 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Chatham Lodging Trust (CLDT) report?
Who received LTIP Units in the latest Chatham Lodging Trust (CLDT) Form 4?
What is the vesting schedule for the CLDT CFO’s 41,505 LTIP Units?
Can the CLDT CFO’s LTIP Units be exchanged for cash or other units?
Do the Chatham Lodging Trust LTIP Units pay distributions before vesting?
Do the 41,505 LTIP Units granted to the CLDT CFO expire?
AI-generated analysis. How Rhea-AI works. Not financial advice.