DiamondRock SVP gets stock grant, sells shares
DiamondRock Hospitality senior vice president and chief accounting officer Steve Spierto reported two stock transactions.
Rhea-AI Filing Summary
DiamondRock Hospitality senior vice president and chief accounting officer Steve Spierto reported two stock transactions. He received a grant of 35,425 restricted common shares at no cost, with one third vesting annually beginning on February 27, 2027. On the same date, he sold 4,000 common shares at $9.93 per share in an open-market transaction and now directly holds 77,977 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,000 shares
Net Sell
2 txns
Insider
Spierto Steve
Role
SVP, Chief Accounting Officer
Sold
4,000 shs ($40K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, par value $0.01 per share | 35,425 | $0.00 | $0.00 |
| Sale | Common stock, par value $0.01 per share | 4,000 | $9.93 | $40K |
Holdings After Transaction:
Common stock, par value $0.01 per share — 77,977 shares (Direct)
Footnotes (1)
- F1. Represents annual grant of restricted common shares. One third of the restricted stock will vest annually beginning on February 27, 2027.
FAQ
What insider transactions did DRH executive Steve Spierto report on this Form 4?
Steve Spierto reported receiving 35,425 restricted common shares as an equity grant and selling 4,000 common shares at $9.93 per share. Both transactions involve DiamondRock Hospitality common stock and occurred on March 3, 2026, according to the Form 4 details.
What are the vesting terms of Steve Spierto’s new DRH restricted stock grant?
The 35,425 restricted common shares represent an annual grant that vests in three equal installments. One third of the restricted stock will vest each year, beginning on February 27, 2027, as specified in the Form 4 footnote accompanying the grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.