STOCK TITAN

Director at Summit Hotel Properties (NYSE: INN) awarded 22,293 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Storey Thomas W. reported acquisition or exercise transactions in this Form 4 filing.

Summit Hotel Properties, Inc. director Thomas W. Storey reported a compensation-related stock award. He received 22,293 shares of Common Stock on May 20, 2026 with a reported price of $0.0000 per share, increasing his directly held position to 253,630 shares after the transaction.

Positive

  • None.

Negative

  • None.
Insider Storey Thomas W.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 22,293 $0.00 --
Holdings After Transaction: Common Stock — 253,630 shares (Direct, null)
Footnotes (1)
Shares granted 22,293 shares Common Stock award on May 20, 2026
Grant price $0.0000 per share Reported transaction price for stock award
Shares owned after 253,630 shares Direct Common Stock holdings following transaction
Acquisition transactions 1 transaction Non-derivative grant/award acquisition on Form 4
Form 4 regulatory
"INSIDER FILING DATA (Form 4): director transaction disclosure"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
grant/award acquisition financial
"transaction_action: "grant/award acquisition" for Common Stock"
Common Stock financial
"security_title: "Common Stock" in non-derivative transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
SEC Form 4
FORM 4UNITED 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*
Storey Thomas W.

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/20/2026A22,293A$0253,630D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Remarks:
/s/ Christopher R. Eng, as Attorney-in-Fact05/21/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transaction did Summit Hotel Properties (INN) report for Thomas W. Storey?

Summit Hotel Properties reported that director Thomas W. Storey received a stock award of 22,293 Common Stock shares. The transaction was coded as a grant or award, indicating a compensation-related acquisition rather than an open-market trade.

How many Summit Hotel Properties (INN) shares were granted to Thomas W. Storey?

Thomas W. Storey was granted 22,293 shares of Summit Hotel Properties Common Stock. This grant is classified as a non-derivative transaction and reflects additional equity compensation awarded to him as a director of the company.

What are Thomas W. Storey’s total Summit Hotel Properties (INN) holdings after this Form 4?

Following the reported grant, Thomas W. Storey directly holds 253,630 shares of Summit Hotel Properties Common Stock. This total includes the newly awarded 22,293 shares, as disclosed in the post-transaction ownership figure on the Form 4.

Was the Summit Hotel Properties (INN) Form 4 transaction an open-market buy or sell?

The transaction was not an open-market buy or sell. It was coded “A” for grant, award, or other acquisition, with a price of $0.0000 per share, indicating shares were received as equity compensation rather than purchased or sold in the market.

Does the Summit Hotel Properties (INN) Form 4 show any insider sales by Thomas W. Storey?

The Form 4 does not show any insider sales for Thomas W. Storey. It reports a single acquisition transaction coded as a grant or award, with no sell transactions or dispositions disclosed in the summarized data.