Form 4: Chatham Lodging Trust Director Receives Share Grant as Compensation

Robert D. Perlmutter, a director at Chatham Lodging Trust, received 14,772 common shares as part of his 2024 board compensation.

Summary

• Robert D. Perlmutter, a director of Chatham Lodging Trust, received 14,772 common shares on January 15, 2025.
• These shares were granted as payment for his service on the board of trustees in 2024.
• The share grant represents the share-based portion of the company's annual compensation for its trustees.
• Mr. Perlmutter elected to receive 100% of his annual base fee in shares.
• The per-share value was calculated using the average closing price of the company's common shares on the New York Stock Exchange for the last ten trading days of 2024.
• The price per share was $9.14.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. There are no negative implications.

Positives

• The share grant aligns the director's interests with those of the shareholders.
• The director's decision to take 100% of his base fee in shares demonstrates confidence in the company's future.

Management Comments

• The share grant comprises the share-based portion of the Company's previously disclosed annual compensation to its trustees for fiscal year 2024.
• Reporter elected to receive 100% of his annual base fee in shares.

Industry Context

This type of share-based compensation is common for board members in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Share-based compensation for board members is a standard practice across the industry.
• The specific amount and valuation method are typical for companies of similar size and market capitalization.
• Many REITs (Real Estate Investment Trusts) like Chatham Lodging Trust use a combination of cash and equity for board compensation.

Stakeholder Impact

• Shareholders may view this as a positive sign of alignment between management and ownership.
• The share grant does not have a material impact on the company's financials.

Key Dates

Keywords

Chatham Lodging Trust, Director Compensation, Share Grant, Board of Trustees, Robert D. Perlmutter, CLDT, Equity Compensation