Xenia Hotels (XHR) insider earns 80,622 fully vested LTIP Units
Rhea-AI Filing Summary
Xenia Hotels & Resorts, Inc. reported that officer Kessel Taylor C., Senior Vice President and General Counsel, acquired 80,622 LTIP Units on January 8, 2026. These derivative awards were earned based on specified performance criteria tied to a February 24, 2023 grant under the company’s 2015 Incentive Award Plan, and all of the reported LTIP Units are fully vested.
Following this transaction, the reporting person beneficially owns 168,533 LTIP Units. The LTIP Units are limited partnership units in XHR LP that, upon achieving parity with common units under the partnership agreement, may be converted into an equal number of common units and ultimately redeemed for cash or an equivalent number of Xenia common shares, subject to the terms described.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 80,622 | $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. 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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FAQ
What insider transaction did Xenia Hotels & Resorts (XHR) report for Kessel Taylor C.?
Xenia Hotels & Resorts reported that officer Kessel Taylor C. acquired 80,622 LTIP Units on January 8, 2026 as a derivative equity award.
How many XHR LTIP Units does Kessel Taylor C. own after the latest Form 4 filing?
After the reported transaction, Kessel Taylor C. beneficially owns 168,533 LTIP Units related to Xenia Hotels & Resorts.
What are LTIP Units in the context of Xenia Hotels & Resorts (XHR)?
LTIP Units are a class of limited partnership units in XHR LP, Xenia’s operating partnership. Over time, and upon certain events, they can achieve parity with common units and may then be converted into an equal number of common units.
Can the LTIP Units reported in this XHR Form 4 be converted into common stock?
If the LTIP Units reach full parity with common units, vested LTIP Units may be converted into an equal number of common units, which are redeemable for cash based on the fair market value of Xenia common stock or, at Xenia’s election, an equal number of common shares.
Were the 80,622 XHR LTIP Units subject to performance conditions?
Yes. The 80,622 LTIP Units represent units determined to have been earned based on performance criteria, including dividend equivalent units, from a February 24, 2023 grant under Xenia’s 2015 Incentive Award Plan, and all such LTIP Units are fully vested.
What is the reporting person’s role at Xenia Hotels & Resorts (XHR)?
The reporting person, Kessel Taylor C., is identified as an officer of Xenia Hotels & Resorts with the title Senior Vice President - General Counsel.