Prudential Financial, Inc. amended its Schedule 13G to report ownership of 11,681,640 shares of Summit Hotel Properties, Inc. common stock, representing 10.8% of the class. The filing attributes most beneficial ownership to subsidiaries Jennison Associates LLC (11,653,415 shares) and PGIM Quantitative Solutions LLC (28,225 shares).
The amendment is signed by a Prudential officer and dated 07/08/2026.
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Insights
Prudential reports a substantial passive stake in Summit Hotel Properties.
Prudential Financial reports beneficial ownership of 10.8% via its subsidiaries, with Jennison Associates LLC holding 11,653,415 shares. The filing is an amended Schedule 13G, indicating reporting under passive/investment manager status.
Cash‑flow treatment or intent is not stated in the excerpt; subsequent filings could disclose changes in voting or disposition power if exercised.
The amendment clarifies subsidiary breakdown and voting/dispositive power figures.
The filing lists sole and shared voting/dispositive powers: sole power 10,300, shared voting 11,581,923, and shared dispositive 11,671,340. These figures align with aggregated beneficial ownership of 11,681,640 shares.
Classification as a Parent Holding Company and subsidiary attribution is disclosed; any changes to this structure would require updated filings.
Key Figures
Beneficial ownership:11,681,640 sharesPercent of class:10.8%Jennison Associates holding:11,653,415 shares+4 more
7 metrics
Beneficial ownership11,681,640 sharesreported on Schedule 13G/A
Sole voting power10,300 sharessole power to vote or direct vote
Shared voting power11,581,923 sharesshared power to vote or direct vote
Filing signature date07/08/2026signed by Second Vice President
Key Terms
Schedule 13G/A, beneficial ownership, sole/shared dispositive power, Parent Holding Company
4 terms
Schedule 13G/Aregulatory
"Amendment No. 3 ) Summi... Schedule 13G/A"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
sole/shared dispositive powerregulatory
"sole power to dispose or to direct the disposition of: 10,300"
Parent Holding Companyregulatory
"Prudential Financial, Inc. is a Parent Holding Company"
What stake does Prudential Financial report in Summit Hotel Properties (INN)?
Prudential reports beneficial ownership of 11,681,640 shares, equal to 10.8% of the class. The amendment attributes most shares to Jennison Associates LLC (11,653,415 shares) and PGIM Quantitative Solutions LLC (28,225 shares), per the filing.
Who within Prudential holds the shares reported on the Schedule 13G/A?
The filing attributes ownership to Prudential as parent and its subsidiaries, primarily Jennison Associates LLC. Jennison is listed with 11,653,415 shares and PGIM Quantitative Solutions LLC with 28,225 shares.
What voting and dispositive powers does Prudential report over these INN shares?
Prudential reports sole voting power of 10,300 shares and shared voting power of 11,581,923 shares. Sole dispositive power is 10,300 and shared dispositive power is 11,671,340, as stated in the amendment.
When was the amended Schedule 13G signed for this ownership disclosure?
The amendment is signed and dated 07/08/2026 by a Prudential officer. The filing header also references 06/30/2026 as a related date in the cover lines of the excerpt.
Does the Schedule 13G/A indicate Prudential is an active or passive holder of INN?
The filing is an amended Schedule 13G, which is used by passive investors or investment managers; it does not state active intent to influence control. No explicit activism or control intent is disclosed in the excerpt.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
Summit Hotel Properties, Inc.
(Name of Issuer)
Common
(Title of Class of Securities)
866082100
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
866082100
1
Names of Reporting Persons
PRUDENTIAL FINANCIAL INC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW JERSEY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
10,300.00
6
Shared Voting Power
11,581,923.00
7
Sole Dispositive Power
10,300.00
8
Shared Dispositive Power
11,671,340.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
11,681,640.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
Address or principal business office or, if none, residence:
751 Broad Street
Newark, New Jersey 07102-3777
(c)
Citizenship:
New Jersey
(d)
Title of class of securities:
Common
(e)
CUSIP No.:
866082100
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
11,681,640
(b)
Percent of class:
10.8 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
10,300
(ii) Shared power to vote or to direct the vote:
11,581,923
(iii) Sole power to dispose or to direct the disposition of:
10,300
(iv) Shared power to dispose or to direct the disposition of:
11,671,340
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Our clients may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities which are the subject of this filing.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Prudential Financial, Inc. is a Parent Holding Company and the indirect parent of the following subsidiaries, who are the beneficial owners of the number and percentage of securities which are the subject of this filing as set forth next to their names:
Subsidiaries Number of shares Percentage
Jennison Associates LLC IA 11,653,415 10.8
PGIM Quantitative Solutions LLC IA 28,225 0.0
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
