XHR officer granted 9,047 LTIP Units
Xenia Hotels & Resorts, Inc. reported that officer Joseph T. Johnson acquired 9,047 LTIP Units on February 24, 2026 as a grant or award at a price of $0.00 per unit.
Rhea-AI Filing Summary
Xenia Hotels & Resorts, Inc. reported that officer Joseph T. Johnson acquired 9,047 LTIP Units on February 24, 2026 as a grant or award at a price of $0.00 per unit. Following this transaction, he holds 122,458 LTIP Units directly.
The LTIP Units are limited partnership units in XHR LP that may, over time and upon certain events under the partnership agreement, reach parity with common units. The award vests in stages: 33% on March 2, 2027, 33% on March 2, 2028, and 34% on March 2, 2029, subject to potential earlier vesting upon specified employment terminations or a change of control.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 9,047 | $0.00 | $0.00 |
Footnotes (3)
- 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.
- F3. The LTIP Units issued pursuant to the Xenia Hotels & Resorts, Inc., XHR Holding, Inc. and XHR LP 2015 Incentive Award Plan vest 33% on March 2, 2027, 33% on March 2, 2028 and 34% on March 2, 2029, subject to earlier vesting upon certain terminations of the Reporting Person's employment or a change of control of the Issuer, in each case as described in the award agreement.
FAQ
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What insider transaction did XHR officer Joseph T. Johnson report on this Form 4?
What are LTIP Units referenced in the Xenia Hotels & Resorts (XHR) Form 4 filing?
How do the LTIP Units granted to XHR’s Joseph T. Johnson vest over time?
Can the LTIP Units granted to the XHR officer be converted into other securities?
How many LTIP Units does XHR officer Joseph T. Johnson own after this award?
Under which plan were the LTIP Units granted to the XHR officer?
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