Summit Hotel Properties COO holds 212,706 shares

Q: How many Summit Hotel Properties (INN) shares did Adam Daniel Wudel report holding?

Adam Daniel Wudel reported direct holdings of 212,706 common shares as of November 1, 2026.

Q: What conditions apply to Adam Daniel Wudel's INN performance-based shares?

The 56,763 unvested restricted performance-based shares vest on March 7, 2028 and March 9, 2029, subject to continued employment and cumulative TSR for the applicable three-year period exceeding at least 25.5% of the peer group, including certain constituents of the Dow Jones U.S. Hotels Index. The shares may convert from 25% to 200% of target based on TSR performance.

Summit Hotel Properties, Inc. (INN) reports that Adam Daniel Wudel, EVP & Chief Operating Officer, held 212,706 common shares directly as of November 1, 2026.

Available on EDGAR 11/02/2026 - 05:27 PM EST Accepted by SEC EDGAR 11/02/2026 - 05:27 PM EST

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

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Form Type

Rhea-AI Filing Summary

Summit Hotel Properties, Inc. (INN) reports that Adam Daniel Wudel, EVP & Chief Operating Officer, held 212,706 common shares directly as of November 1, 2026. A footnote identifies 92,323 shares as beneficially owned, 63,620 unvested restricted service-based shares, and 56,763 unvested restricted performance-based shares. The service-based shares vest in installments through March 9, 2029, subject to continued employment. Performance-based shares vest in 2028 and 2029, subject to continued employment and the applicable three-year cumulative TSR condition; they may convert from 25% to 200% of target.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Wudel Adam Daniel

Role EVP & Chief Operating Officer

Type	Security	Shares	Price	Value
Holding	Common Stock ^F1	--	--	--

Holdings: Common Stock — 212,706 shares (Direct)

Footnotes (1)

F1. 92,323 shares are beneficially owned by the reporting person. The reporting person also holds 63,620 unvested restricted service-based shares granted under the Issuers equity incentive plan, vesting subject to continued employment on March 9, 2027 (17,177 shares), September 15, 2027 (21,980 shares), March 9, 2028 (13,377 shares), and March 9, 2029 (11,086 shares). The reporting person also holds 56,763 unvested restricted performance-based shares, vesting on March 7, 2028 (23,504 shares) and March 9, 2029 (33,259 shares), subject to continued employment and the Issuers cumulative TSR for the applicable three-year period exceeding at least 25.5% of its peer group, including certain constituents of the Dow Jones U.S. Hotels Index. Such shares may convert from 25% to 200% of target based on TSR performance.

Key Figures

Direct common shares held: 212,706 shares Beneficially owned shares: 92,323 shares Unvested restricted service-based shares: 63,620 shares +3 more

6 metrics

Direct common shares held 212,706 shares Holding entry dated November 1, 2026

Beneficially owned shares 92,323 shares Identified in the footnote to the holding entry

Unvested restricted service-based shares 63,620 shares Vesting subject to continued employment on dates through March 9, 2029

Unvested restricted performance-based shares 56,763 shares Vesting dates are March 7, 2028 and March 9, 2029

Cumulative TSR condition At least 25.5% For the applicable three-year period, relative to the peer group

Performance-share target conversion range 25% to 200% of target Based on TSR performance

Key Terms

restricted service-based shares, restricted performance-based shares, cumulative TSR, equity incentive plan

4 terms

restricted service-based shares financial

"63,620 unvested restricted service-based shares"

restricted performance-based shares financial

"56,763 unvested restricted performance-based shares"

cumulative TSR financial

"cumulative TSR for the applicable three-year period"

equity incentive plan financial

"granted under the Issuers equity incentive plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Summit Hotel Properties (INN) shares did Adam Daniel Wudel report holding?

Adam Daniel Wudel reported direct holdings of 212,706 common shares as of November 1, 2026.

What conditions apply to Adam Daniel Wudel's INN performance-based shares?

The 56,763 unvested restricted performance-based shares vest on March 7, 2028 and March 9, 2029, subject to continued employment and cumulative TSR for the applicable three-year period exceeding at least 25.5% of the peer group, including certain constituents of the Dow Jones U.S. Hotels Index. The shares may convert from 25% to 200% of target based on TSR performance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Wudel Adam Daniel

(Last)

(First)

(Middle)

13215 BEE CAVE PARKWAY

SUITE B-300

(Street)

AUSTIN

TEXAS

78738

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2026

3. Issuer Name and Ticker or Trading Symbol
Summit Hotel Properties, Inc. [ INN ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & Chief Operating Officer

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	212,706⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

1. 92,323 shares are beneficially owned by the reporting person. The reporting person also holds 63,620 unvested restricted service-based shares granted under the Issuers equity incentive plan, vesting subject to continued employment on March 9, 2027 (17,177 shares), September 15, 2027 (21,980 shares), March 9, 2028 (13,377 shares), and March 9, 2029 (11,086 shares). The reporting person also holds 56,763 unvested restricted performance-based shares, vesting on March 7, 2028 (23,504 shares) and March 9, 2029 (33,259 shares), subject to continued employment and the Issuers cumulative TSR for the applicable three-year period exceeding at least 25.5% of its peer group, including certain constituents of the Dow Jones U.S. Hotels Index. Such shares may convert from 25% to 200% of target based on TSR performance.

Remarks:

See Power of Attorney - Exhibit 24.1

	/s/ Christopher R. Eng, as Attorney-in-Fact	11/02/2026
	** 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 5 (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.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR