Form 4: Ashford Hospitality Trust Director Pantermuehl Receives Incentive Partnership Units

Director Sheri L Pantermuehl receives long-term incentive partnership units and disposes of common limited partnership units in Ashford Hospitality Limited Partnership.

Summary

• On May 20, 2024, Sheri L Pantermuehl, a director of Ashford Hospitality Trust Inc., received 20,000 special long-term incentive partnership units (LTIP Units) in Ashford Hospitality Limited Partnership as an annual grant under the Issuer's 2021 Stock Incentive Plan.
• Pantermuehl also disposed of 42,978 Common Limited Partnership Units and 23,651 Common Limited Partnership Units.
• These LTIP Units vest and, upon achieving parity with Common Units, are convertible into Common Units at the Reporting Person's option.
• Common Units are redeemable for cash or convertible into shares of Ashford Hospitality Trust Inc.'s common stock on a 1-for-1 basis.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with company performance.

Positives

• The grant of LTIP Units aligns the director's interests with the long-term performance of the company.
• The LTIP Units were issued as an annual grant under the Issuer's 2021 Stock Incentive Plan.

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The grant of LTIP Units aligns the director's interests with those of shareholders, potentially driving long-term value creation.

Key Dates