Chatham Lodging Trust (CLDT) CFO granted 41,505 LTIP units
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
1 transaction reported
Mixed
1 txn
Insider
Wegner Jeremy Bruce
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 41,505 | $0.00 | $0.00 |
Holdings After Transaction:
LTIP Units — 344,355 shares (Direct)
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.
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FAQ
What insider transaction did Chatham Lodging Trust (CLDT) report?
Chatham Lodging Trust reported an equity award to its CFO. Jeremy Bruce Wegner received 41,505 restricted LTIP Units on March 1, 2026, at a price of $0 per unit, issued under the company’s Equity Incentive Plan with a multi-year vesting schedule.
Who received LTIP Units in the latest Chatham Lodging Trust (CLDT) Form 4?
CFO Jeremy Bruce Wegner received the LTIP Units. The award covers 41,505 restricted LTIP Units in Chatham Lodging, L.P., the operating partnership of Chatham Lodging Trust, and was granted as part of the issuer’s Equity Incentive Plan on March 1, 2026.
What is the vesting schedule for the CLDT CFO’s 41,505 LTIP Units?
The LTIP Units vest over three years in equal installments. One-third of the 41,505 LTIP Units vests on each of the first three anniversaries of the March 1, 2026 grant date, subject to Jeremy Bruce Wegner’s continued employment with Chatham Lodging Trust.
Can the CLDT CFO’s LTIP Units be exchanged for cash or other units?
Yes, vested LTIP Units may be exchanged after achieving parity with Operating Partnership units. They can be exchanged one-for-one into Operating Partnership units or, at Chatham Lodging Trust’s option, for an equivalent amount of cash, according to the partnership agreement terms.
Do the Chatham Lodging Trust LTIP Units pay distributions before vesting?
Yes, the LTIP Units provide distributions prior to vesting. The filing states that the holder is entitled to receive distributions on the LTIP Units even before they vest, while the units themselves follow the three-year vesting schedule linked to continued employment.
Do the 41,505 LTIP Units granted to the CLDT CFO expire?
The LTIP Units have no expiration dates. They were issued pursuant to Chatham Lodging Trust’s Equity Incentive Plan and remain outstanding subject to vesting, parity with Operating Partnership units, and potential exchange into units or cash as described in the filing.