Summit Hotel Properties grants CFO 106,765 shares

The award is subject to continued employee service, with vesting scheduled in installments through November 1, 2029.

Available on EDGAR 11/03/2026 - 04:58 PM EST Accepted by SEC EDGAR 11/03/2026 - 04:58 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Summit Hotel Properties, Inc. (INN) reported a grant of 106,765 shares of restricted common stock to Michael Steiner Nieves, its EVP & Chief Financial Officer, on November 1, 2026, under the 2024 Equity Incentive Plan.

The shares vest and become nonforfeitable, subject to his continued service as an employee: 25% on November 1, 2027, 25% on November 1, 2028, and the remaining 50% on November 1, 2029. His reported direct holdings following the grant were 106,765 shares.

Insider Trade Summary

Grant/Award: 106,765 shares

Grant/Award 1 txn

Insider Nieves Michael Steiner

Role EVP & Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	106,765	$0.00	$0.00

Holdings After Transaction: Common Stock — 106,765 shares (Direct)

Holdings Before and After: Common Stock, 0 to 106,765 shares (Direct)

Footnotes (1)

1. F1. 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 November 1, 2027 (25% of the shares granted), November 1, 2028 (25% of the shares granted) and November 1, 2029 (the remaining 50% of the shares granted).

Key Figures

Restricted common stock granted: 106,765 shares Direct holdings following grant: 106,765 shares First vesting installment: 25% +2 more

5 metrics

Restricted common stock granted 106,765 shares November 1, 2026; 2024 Equity Incentive Plan

Direct holdings following grant 106,765 shares Reported after the November 1, 2026 transaction

First vesting installment 25% November 1, 2027; subject to continued employee service

Second vesting installment 25% November 1, 2028; subject to continued employee service

Final vesting installment Remaining 50% November 1, 2029; subject to continued employee service

Key Terms

restricted common stock, Time Based Vesting, nonforfeitable, 2024 Equity Incentive Plan

4 terms

restricted common stock financial

"shares of restricted common stock granted"

Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.

Time Based Vesting financial

"Time Based Vesting - Represents shares"

nonforfeitable financial

"vested and nonforfeitable"

2024 Equity Incentive Plan financial

"under the Issuer's 2024 Equity Incentive Plan"

FAQ

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

How many shares did INN's CFO receive?

Michael Steiner Nieves, Summit Hotel Properties' EVP & Chief Financial Officer, was granted 106,765 shares of restricted common stock on November 1, 2026, under the 2024 Equity Incentive Plan. The award is subject to continued service as an employee and vests in installments through November 1, 2029.

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

Form 4 Insider Transactions: What Each Field Means →

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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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Nieves Michael Steiner

(Last) (First) (Middle)

13215 BEE CAVE PARKWAY

SUITE B-300

(Street)

AUSTIN TEXAS 78738

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	EVP & Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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	11/01/2026		A		106,765(1)	A	$0	106,765	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 November 1, 2027 (25% of the shares granted), November 1, 2028 (25% of the shares granted) and November 1, 2029 (the remaining 50% of the shares granted).

Remarks:

	/s/ Christopher R. Eng, as Attorney-in-Fact	11/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)