Summit Hotel (NYSE: INN) officer logs tax withholding and forfeited shares

Rhea-AI Filing Summary

Summit Hotel Properties, Inc. officer Christopher R. Eng reported compensation-related share disposals that do not involve open-market trades. On March 13, 2026, he surrendered 16,089 shares of common stock to the company to cover tax withholding on vesting of restricted stock awards.

He also forfeited 38,860 performance-based shares that did not vest because required performance metrics were not met. After these dispositions and forfeitures, Eng directly holds 414,886 shares of Summit Hotel Properties 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^*

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)
03/13/2026

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		16,089(1)	D	$0	453,746	D
Common Stock	03/13/2026		D		38,860(2)	D	$0	414,886	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:

EVP, General Counsel, CRO & Sec

	/s/ Christopher R. Eng	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 Christopher R. Eng report in this Summit Hotel Properties (INN) Form 4?

Christopher R. Eng reported two non-market dispositions of Summit Hotel Properties common stock. Shares were surrendered for tax withholding on vested restricted stock and forfeited due to unmet performance metrics, while he retained a substantial direct ownership position afterward.

How many Summit Hotel Properties (INN) shares did Eng surrender for taxes?

Eng surrendered 16,089 shares of Summit Hotel Properties common stock to the issuer. This was to satisfy tax withholding obligations related to the vesting of previously granted restricted stock awards, rather than an open-market sale or discretionary trading decision.

Why were some of Christopher R. Eng’s Summit Hotel Properties (INN) shares forfeited?

Eng forfeited 38,860 shares of Summit Hotel Properties common stock that were tied to performance-based vesting. These shares were canceled because performance metrics under the company’s 2011 Equity Incentive Plan, as amended and restated, were not achieved.

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

The reported transactions are not open-market sales. One involved surrendering shares to cover tax withholding on vested restricted stock, and the other was a forfeiture of unearned performance-based shares after performance conditions were not met.

How many Summit Hotel Properties (INN) shares does Eng own after these transactions?

Following the reported dispositions and forfeitures, Christopher R. Eng directly owns 414,886 shares of Summit Hotel Properties common stock. This figure reflects his remaining equity stake after tax-withholding surrender and performance-based share forfeiture.

What equity plan is referenced in Christopher R. Eng’s Summit Hotel Properties (INN) Form 4?

The Form 4 references the Summit Hotel Properties 2011 Equity Incentive Plan As Amended and Restated. The forfeited 38,860 shares were subject to performance-based vesting conditions originally granted under this incentive compensation plan.