Procaccianti Hotel REIT (NASDAQ: PRXA) director receives 250 restricted shares

Rhea-AI Filing Summary

Procaccianti Hotel REIT, Inc. director equity grant reported

Director Thomas R. Engel reported receiving 250 restricted shares of Procaccianti Hotel REIT, Inc. Class K common stock on 01/19/2026. This was an acquisition at a stated price of $0 per share under the company’s long-term incentive plan, bringing his directly held Class K common stock to 2,250 shares following the transaction.

The restricted shares vest in four equal annual installments of 25% each, starting on the first anniversary of the grant date. The award will become fully vested earlier if Mr. Engel’s service as a director ends because of death or disability, or if there is a change in control of the company.

Insider Trade Summary

Net Buyer: 250 shares

Net Buy 1 txn

Insider Engel Thomas R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class K Common Stock	250	$0.00	$0.00

Holdings After Transaction: Class K Common Stock — 2,250 shares (Direct)

Footnotes (1)

1. F1. Mr. Engel received a grant of 250 restricted shares of Class K common stock under the long-term incentive plan. The shares will vest in equal amounts annually over a four-year period on and following the first anniversary of the date of grant in increments of 25% per annum; provided, however, that the shares will become fully vested on the earlier to occur of (1) the termination of Mr. Engel's service as a director due to his death or disability, or (2) a change in control of the company.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/20/2026 - 08:15 PM Learn about SEC filing dates

FAQ

What insider transaction did PRXA disclose for director Thomas R. Engel?

The company disclosed that director Thomas R. Engel acquired 250 restricted shares of Class K common stock on 01/19/2026 under its long-term incentive plan.

How many Procaccianti Hotel REIT (PRXA) shares does Thomas R. Engel own after this grant?

After the reported transaction, Thomas R. Engel beneficially owns 2,250 shares of Procaccianti Hotel REIT, Inc. Class K common stock in direct ownership.

What are the vesting terms for the 250 restricted Class K shares granted to the PRXA director?

The 250 restricted shares vest in four equal annual installments of 25% each, starting on the first anniversary of the 01/19/2026 grant date.

Under what conditions do the PRXA director’s restricted shares fully vest earlier?

The restricted shares become fully vested earlier upon the earlier of Mr. Engel’s termination as a director due to death or disability, or a change in control of the company.

Was the PRXA Form 4 transaction a purchase or an award of shares?

The Form 4 reports an award of restricted shares coded as an acquisition (Code A) at a stated price of $0 per share, reflecting an equity grant rather than an open-market purchase.

Is the PRXA director’s ownership reported as direct or indirect on this Form 4?

The filing states that Thomas R. Engel’s 2,250 Class K common shares after the transaction are held with direct (D) ownership.

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^*

Engel Thomas R

(Last) (First) (Middle)

1140 RESERVOIR AVENUE

(Street)

CRANSTON RI 02920

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PROCACCIANTI HOTEL REIT, INC. [ NONE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/19/2026

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
Class K Common Stock	01/19/2026		A		250	A	$0	2,250(1)	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. Mr. Engel received a grant of 250 restricted shares of Class K common stock under the long-term incentive plan. The shares will vest in equal amounts annually over a four-year period on and following the first anniversary of the date of grant in increments of 25% per annum; provided, however, that the shares will become fully vested on the earlier to occur of (1) the termination of Mr. Engel's service as a director due to his death or disability, or (2) a change in control of the company.

	/s/ Ron Hadar, Attorney-in-Fact	01/20/2026
	** 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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