Xenia Hotels & Resorts (XHR) COO Bloom awarded 171,324 LTIP Units
Rhea-AI Filing Summary
Xenia Hotels & Resorts executive Barry A. N. Bloom reported a new equity-based award tied to the company’s operating partnership. On 01/08/2026, he acquired 171,324 LTIP Units at a price of $0.00 per unit, increasing his directly held derivative position in these units to 682,975.
The LTIP Units are a special class of limited partnership units in XHR LP. Over time, and after certain conditions in the partnership agreement are met, these LTIP Units can reach full parity with common partnership units and then be converted one-for-one into common units. Those common units are, in turn, redeemable for cash based on the value of an equivalent number of Xenia common shares or, at the company’s election, for an equal number of Xenia common shares.
The 171,324 LTIP Units reported here were earned based on specified performance criteria, including dividend-equivalent units, from a grant originally made on February 24, 2023 under the company’s 2015 Incentive Award Plan, and all of these LTIP Units are fully vested.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 171,324 | $0.00 | -- |
Footnotes (1)
- 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. (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. Represents the number of LTIP Units determined to have been earned based upon certain performance criteria, including dividend equivalent units deemed earned through the date such performance criteria were deemed satisfied, in respect of a grant on February 24, 2023 pursuant to the Xenia Hotels & Resorts, Inc., XHR Holding, Inc. and XHR LP 2015 Incentive Award Plan. All such LTIP Units are fully vested.
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