Host Hotels (NASDAQ: HST) EVP gets stock award, withholds shares for tax
Rhea-AI Filing Summary
HOST HOTELS & RESORTS, INC. executive Michael E. Lentz reported the vesting of 69,073 shares of common stock on February 17, 2026 from previously granted performance-based restricted stock units. On the same date, 27,181 shares were disposed of at $20.01 per share to cover tax withholding obligations, leaving his remaining holdings directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 41,892 shares
Net Buy
2 txns
Insider
LENTZ MICHAEL E
Role
EVP, Development, D&C
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 69,073 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 27,181 | $20.01 | $544K |
Holdings After Transaction:
Common Stock — 330,229.1449 shares (Direct)
Footnotes (1)
- F1. On February 17, 2026, it was determined that a portion of the performance goals for previously granted restricted stock units had been met, resulting in the vesting of these shares in the form of common stock on February 17, 2026. The underlying award of restricted stock units was made on February 8, 2023 and the performance goals were based on the Issuer's relative total stockholder return as compared to the NAREIT Lodging and Resort Index and the Issuer's performance against certain Adjusted EBITDAre targets.
FAQ
What transactions did HST executive Michael Lentz report on this Form 4?
Michael Lentz reported a stock award vesting and a tax-related share disposition. He acquired 69,073 Host Hotels common shares from performance-based restricted stock units, then disposed of 27,181 shares at $20.01 per share to satisfy tax withholding obligations tied to the vesting event.
Was the Form 4 transaction for HST an open-market stock sale?
No, the disposition was for tax withholding, not an open-market sale. 27,181 Host Hotels shares were delivered at $20.01 per share to satisfy tax liabilities arising from the vesting of previously granted performance-based restricted stock units.
What type of equity award vested for HST executive Michael Lentz?
Performance-based restricted stock units vested into common shares for Michael Lentz. The award, granted February 8, 2023, vested after meeting performance goals tied to Host Hotels’ relative total stockholder return and certain Adjusted EBITDAre targets, resulting in 69,073 vested common shares.
Which performance metrics triggered the HST restricted stock unit vesting?
The vesting depended on Host Hotels’ relative total stockholder return and Adjusted EBITDAre performance. These metrics were measured against the NAREIT Lodging and Resort Index and specific Adjusted EBITDAre targets, leading to the vesting of performance-based restricted stock units into 69,073 common shares.
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