DiamondRock Hospitality (DRH) COO reports grant and tax share disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DiamondRock Hospitality Company’s President & COO, Leonard Justin L., reported equity compensation activity involving company common stock. On February 27, 2026, he had 15,858 shares of common stock disposed of in a tax-withholding transaction at $10.04 per share, related to equity compensation.
On the same date, he acquired 59,240 shares of common stock through a grant or award at $0.00 per share, increasing his directly held stake to 213,887 shares. A footnote explains that these shares were earned from previously granted performance stock units, and he elected to defer receipt of all such shares under DiamondRock’s deferred compensation plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Leonard Justin L.
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock, par value $0.01 per share | 15,858 | $10.04 | $159K |
| Grant/Award | Common stock, par value $0.01 per share | 59,240 | $0.00 | -- |
Holdings After Transaction:
Common stock, par value $0.01 per share — 154,647 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did DiamondRock Hospitality (DRH) report for Leonard Justin L.?
DiamondRock Hospitality reported that President & COO Leonard Justin L. had 15,858 shares withheld for taxes and received a 59,240-share stock grant. Both transactions involved common stock and occurred on February 27, 2026, affecting his directly held share balance.
Did the DiamondRock Hospitality (DRH) insider transaction involve open-market buying or selling?
The transactions did not reflect open-market buying or selling. One was a tax-withholding disposition of 15,858 shares, and the other was a 59,240-share grant or award. These actions were tied to equity compensation rather than discretionary market trades.
What does the tax-withholding disposition mean in the DiamondRock Hospitality (DRH) Form 4?
The tax-withholding disposition reflects 15,858 shares used to cover tax liabilities from equity compensation, at $10.04 per share. This is coded as a tax-related disposition, not an open-market sale, and is a common mechanism for settling taxes on stock-based awards.
How are performance stock units treated in the DiamondRock Hospitality (DRH) insider filing?
The filing notes that performance stock units previously granted to Leonard Justin L. were earned and converted into common stock. He elected to defer receipt of all such shares under DiamondRock Hospitality’s deferred compensation plan, indicating these awards follow a structured deferral arrangement.