Xenia Hotels director granted 6,098 LTIP Units
Xenia Hotels & Resorts director Dennis D. Oklak received a compensation award of 6,098 LTIP Units on May 14.
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Form Type
4
Rhea-AI Filing Summary
Xenia Hotels & Resorts director Dennis D. Oklak received a compensation award of 6,098 LTIP Units on May 14. These LTIP Units were granted at a price of $0.00 per unit and are fully vested under the company’s 2015 Incentive Award Plan.
The LTIP Units are limited partnership units in the company’s operating partnership. Over time, they can reach parity with common partnership units and then be converted one-for-one into Common Units, which are redeemable for cash or, at the issuer’s election, an equal number of shares of common stock. Following this award, Oklak directly holds 71,938 LTIP Units.
Insider Trade Summary
Grant/Award: 6,098 shares
Grant/Award
1 txn
Insider
OKLAK DENNIS D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 6,098 | $0.00 | $0.00 |
Holdings After Transaction:
LTIP Units — 71,938 contracts (Direct)
Footnotes (2)
- F1. LTIP Units are a class of limited partnership units in XHR LP (the "Operating Partnership"), of which the Issuer's wholly-owned subsidiary is the general partner. Initially, the LTIP Units do not have full parity with common limited partnership units of the Operating Partnership ("Common Units") with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the LTIP Units can over time achieve full parity with the Common Units for all purposes. If such parity is reached, vested LTIP Units may be converted into an equal number of Common Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership.
- F2. (continued from Footnote 1) Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of the Issuer's common stock, or, at the election of the Issuer, an equal number of shares of the Issuer's common stock, each subject to adjustment in the event of stock splits, specified extraordinary distributions or similar events. The LTIP Units issued pursuant to the Xenia Hotels & Resorts, Inc., XHR Holding, Inc. and XHR LP 2015 Incentive Award Plan were fully vested on the grant date.
Key Figures
LTIP Units granted: 6,098 units
Grant price per LTIP Unit: $0.00 per unit
LTIP Units held after grant: 71,938 units
+1 more
4 metrics
LTIP Units granted
6,098 units
Grant to director on May 14, 2026
Grant price per LTIP Unit
$0.00 per unit
Award under 2015 Incentive Award Plan
LTIP Units held after grant
71,938 units
Director’s direct holdings following transaction
Underlying common stock equivalence
6,098 shares
One-for-one underlying Common Stock for granted LTIP Units
Key Terms
LTIP Units, Common Units, Operating Partnership, liquidating distributions, +2 more
6 terms
LTIP Units financial
"LTIP Units are a class of limited partnership units in XHR LP"
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
Common Units financial
"LTIP Units can over time achieve full parity with the Common Units"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
Operating Partnership financial
"LTIP Units are a class of limited partnership units in XHR LP (the "Operating Partnership")"
An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.
liquidating distributions financial
"Initially, the LTIP Units do not have full parity with Common Units with respect to liquidating distributions"
Payments made to shareholders from a company’s remaining cash or asset sale proceeds when the business is being wound up or reorganized. Like splitting the money after selling a shared house, these distributions return investors’ capital (often after creditors are paid) rather than representing regular profit payouts, so they matter because they determine how much investors recover and can affect tax treatment and final investment value.
2015 Incentive Award Plan financial
"The LTIP Units issued pursuant to the ... 2015 Incentive Award Plan were fully vested"
redeemable for cash financial
"Common Units are redeemable for cash based on the fair market value"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Xenia Hotels & Resorts (XHR) report for Dennis D. Oklak?
Xenia Hotels & Resorts reported that director Dennis D. Oklak received an award of 6,098 LTIP Units. These units were granted at a price of $0.00 per unit as part of the company’s 2015 Incentive Award Plan and are fully vested on the grant date.
What are LTIP Units in Xenia Hotels & Resorts (XHR) and how do they work?
LTIP Units are a class of limited partnership units in XHR LP, the operating partnership of Xenia Hotels & Resorts. Initially they have reduced liquidating rights, but over time can achieve full parity with Common Units and then be convertible into an equal number of Common Units on a one-for-one basis.
Can the LTIP Units awarded to the XHR director be converted into Xenia common stock?
Once LTIP Units reach full parity with Common Units, vested LTIP Units may be converted into an equal number of Common Units. Those Common Units are redeemable for cash based on the fair market value of equivalent Xenia common shares, or, at the issuer’s election, an equal number of common shares.
How many LTIP Units does Dennis D. Oklak hold after the latest XHR award?
After receiving 6,098 additional LTIP Units, Dennis D. Oklak directly holds 71,938 LTIP Units. This reflects his post-transaction derivative position in the operating partnership, as reported in the Form 4 insider filing for Xenia Hotels & Resorts.
Were the new LTIP Units for the XHR director subject to vesting conditions?
The LTIP Units issued under the Xenia Hotels & Resorts, Inc., XHR Holding, Inc. and XHR LP 2015 Incentive Award Plan were fully vested on the grant date. This means the director’s 6,098 awarded LTIP Units are immediately vested according to the plan’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
