Summit Hotel Properties (INN) awards restricted stock grants to officer Eng

Rhea-AI Filing Summary

Eng Christopher R. reported acquisition or exercise transactions in this Form 4 filing.

Summit Hotel Properties, Inc. reported that officer Christopher R. Eng received two grants of restricted common stock as equity compensation. On March 9, 2026, he was awarded 44,346 time-based restricted shares and 66,519 performance-based restricted shares, both at no cash cost per share.

The time-based award vests in stages, with 25% vesting on March 9, 2027, 25% on March 9, 2028, and the remaining 50% on March 9, 2029, contingent on continued employment. The performance-based award can vest on March 9, 2029, if he remains employed and the company’s cumulative total shareholder return from March 9, 2026 to March 9, 2029 ranks above at least 25.5% of a defined hotel peer group, with payout ranging from 25% to 200% of the granted shares based on relative performance. Following these awards, Eng directly holds 469,835 common shares.

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

OMB APPROVAL

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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^*

Eng Christopher R.

(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)
	See remarks

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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	03/09/2026		A		44,346(1)	A	$0	403,316	D
Common Stock	03/09/2026		A		66,519(2)	A	$0	469,835	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. Time Based Vesting - Represents shares of restricted common stock granted to the reporting person under the Issuer's 2024 Equity Incentive Plan. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on March 9, 2027 (25% of the shares granted), March 9, 2028 (25% of the shares granted) and March 9, 2029 (the remaining 50% of the shares granted).

2. Performance Based Vesting - Represents shares of restricted common stock granted to the reporting person under the Issuer's 2024 Equity Incentive Plan. The restricted shares shall become vested and nonforfeitable on March 9, 2029, if the reporting person remains in the continued service as an employee of the Issuer and the Issuer's cumulative total shareholder return (TSR) for the period starting March 9, 2026, and ending March 9, 2029, exceeds at least 25.5% of its peer group, which shall include certain constituents of the Dow Jones U.S. Hotels Index. The number of shares will convert at a range from 25% to 200% of the shares granted to the reporting person based upon the Issuer's cumulative TSR performance compared to its peer group for the reporting period.

Remarks:

EVP, General Counsel, CRO & Sec

	/s/ Christopher R. Eng	03/10/2026
	** 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.
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FAQ

What stock awards did Christopher R. Eng receive from Summit Hotel Properties (INN)?

Christopher R. Eng received two restricted stock awards: 44,346 time-based restricted common shares and 66,519 performance-based restricted common shares. Both grants were made at a price of $0.00 per share as part of the company’s 2024 Equity Incentive Plan.

How do the time-based restricted stock awards for INN’s Christopher R. Eng vest?

The time-based restricted shares vest over three dates, subject to continued employment. Twenty-five percent vest on March 9, 2027, another 25% on March 9, 2028, and the remaining 50% on March 9, 2029, providing a multi-year retention incentive.

What performance conditions apply to Christopher R. Eng’s performance-based INN stock grant?

The performance-based restricted shares may vest on March 9, 2029, if Eng remains employed and Summit Hotel Properties’ cumulative total shareholder return from March 9, 2026 to March 9, 2029 exceeds at least 25.5% of a specified Dow Jones U.S. Hotels Index peer group.

How much of the performance-based INN stock grant can ultimately vest for Christopher R. Eng?

The number of performance-based shares that ultimately vest can range from 25% to 200% of the shares granted. The final amount depends on Summit Hotel Properties’ cumulative total shareholder return versus its defined hotel peer group over the measurement period.

How many Summit Hotel Properties (INN) shares does Christopher R. Eng hold after these grants?

After the reported restricted stock grants, Christopher R. Eng directly holds 469,835 shares of Summit Hotel Properties common stock. This figure reflects his post-transaction position as shown in the Form 4 ownership table for the non-derivative holdings.

Are Christopher R. Eng’s new INN stock awards open-market purchases or compensation grants?

These transactions are compensation-related grants, not open-market purchases. The Form 4 uses transaction code “A” for grant or award, with a price of $0.00 per share, indicating equity compensation under the company’s 2024 Equity Incentive Plan.