Board member at Chatham Lodging Trust (NYSE: CLDT) gets 11,546 shares

Rhea-AI Filing Summary

Chatham Lodging Trust director Ethel Isaacs Williams reported a stock compensation grant. On January 15, 2026, she received 11,546 common shares of Chatham Lodging Trust as payment for serving on the company’s board of trustees in 2025.

The grant represents the share-based portion of the company’s previously disclosed annual compensation to its trustees for fiscal year 2025. The per-share value of the grant was $6.93, based on the average closing prices of the company’s common shares on the New York Stock Exchange over the last ten trading days of 2025. Following this grant, Williams directly beneficially owned 37,009 common shares.

Insider Trade Summary

Net Buyer: 11,546 shares

Net Buy 1 txn

Insider Williams Ethel Isaacs

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	11,546	$6.93	$80K

Holdings After Transaction: Common Shares — 37,009 shares (Direct)

Footnotes (1)

1. F1. Represents a grant of 11,546 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. 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 - 09:36 AM Learn about SEC filing dates

FAQ

What insider transaction did CLDT disclose for Ethel Isaacs Williams?

Chatham Lodging Trust disclosed that director Ethel Isaacs Williams received a grant of 11,546 common shares on January 15, 2026 as compensation for her service on the board of trustees in 2025.

How many Chatham Lodging Trust (CLDT) shares did the director receive and at what value?

The director received 11,546 common shares. The per-share value was $6.93, calculated as the average closing price of the company’s common shares on the New York Stock Exchange for the last ten trading days of 2025.

Why was Ethel Isaacs Williams granted 11,546 CLDT shares?

The 11,546-share grant was made as payment for serving on the board of trustees in 2025. It represents the share-based portion of Chatham Lodging Trust’s previously disclosed annual compensation to its trustees for fiscal year 2025.

How many CLDT shares does the director own after this transaction?

After the reported grant, Ethel Isaacs Williams beneficially owned 37,009 common shares of Chatham Lodging Trust, held directly.

Is the reported CLDT share grant a derivative or non-derivative security?

The reported transaction involves non-derivative securities, specifically Chatham Lodging Trust common shares, recorded in Table I of the filing.

What type of Form 4 transaction code was used in the CLDT filing?

The transaction was reported with code “A”, indicating an acquisition of common shares, consistent with a stock grant for board service.

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^*

Williams Ethel Isaacs

(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		11,546	A	$6.93	37,009	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 11,546 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. 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.
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.