Summit Hotel (INN) CAO logs tax withholding and forfeited stock awards

Rhea-AI Filing Summary

Summit Hotel Properties, Inc. senior vice president and chief accounting officer Paul Ruiz reported two non-market share dispositions of common stock. He surrendered 14,326 shares to the company to cover tax withholding tied to vesting of previously granted restricted stock, and 37,306 performance-based shares were forfeited because performance targets were not met. After these compensation-related adjustments, he directly holds 377,384 shares of common stock.

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

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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^*

RUIZ PAUL

(Last) (First) (Middle)

13215 BEE CAVE PARKWAY,

SUITE B-300

(Street)

AUSTIN TX 78738

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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 Stock	03/13/2026		F		14,326(1)	D	$0	414,690	D
Common Stock	03/13/2026		D		37,306(2)	D	$0	377,384	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 shares of common stock surrendered to the Issuer to satisfy the reporting person's tax withholding obligations related to vesting of previously issued restricted common stock awards.

2. Represents shares of common stock that were subject to performance-based vesting conditions previously granted to the reporting person under the Issuer's 2011 Equity Incentive Plan As Amended and Restated that were forfeited as a result of performance metrics not being met.

Remarks:

	/s/ Christopher R. Eng, as Attorney-in-Fact	03/16/2026
	** 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.

FAQ

What did Summit Hotel Properties (INN) executive Paul Ruiz report in this Form 4?

Paul Ruiz reported two non-market dispositions of Summit Hotel Properties common stock. Shares were surrendered to cover tax withholding on vesting restricted stock and forfeited because performance conditions were not achieved, reflecting compensation adjustments rather than open-market trading.

How many Summit Hotel Properties (INN) shares were used for tax withholding by Paul Ruiz?

Paul Ruiz surrendered 14,326 Summit Hotel Properties common shares for tax withholding. These shares satisfied tax obligations related to the vesting of previously issued restricted stock awards, according to the Form 4 footnote describing the compensation-related transaction.

Why were some of Paul Ruiz’s Summit Hotel Properties (INN) shares forfeited?

37,306 Summit Hotel Properties common shares held by Paul Ruiz were forfeited. The forfeited shares were performance-based awards under the company’s 2011 Equity Incentive Plan that did not vest because required performance metrics were not met.

Are the Form 4 transactions by Summit Hotel Properties (INN) executive open-market sales?

The reported transactions are not open-market sales. One entry reflects shares surrendered to the issuer for tax withholding, and the other records forfeiture of performance-based awards, both tied to equity compensation terms rather than discretionary trading in the market.

How many Summit Hotel Properties (INN) shares does Paul Ruiz hold after these Form 4 transactions?

After the reported transactions, Paul Ruiz directly holds 377,384 common shares. This figure reflects his remaining ownership following tax-withholding share surrender and forfeiture of unvested performance-based equity awards disclosed in the filing.

What do the transaction codes F and D mean in the Summit Hotel Properties (INN) Form 4?

Code F indicates tax-withholding using shares; code D indicates a disposition to the issuer. In this filing, F covers shares surrendered for tax obligations and D records forfeiture of performance-based awards back to the company.