4/A: DiamondRock Hospitality CFO Amends SEC Filing to Correct Tax Withholding Error
SEC Filing Amendment
Jeffrey Donnelly, EVP & CFO of DiamondRock Hospitality, files an amended SEC Form 4 to correct the number of shares disposed of due to a miscalculation of taxes withheld.
Summary
- Jeffrey Donnelly, the EVP & Chief Financial Officer of DiamondRock Hospitality Co, filed an amended Form 4 with the SEC on February 29, 2024.
- This amendment corrects an error in the original Form 4 filed on February 29, 2024, which reported an incorrect number of shares disposed of due to a miscalculation of taxes withheld.
- On February 27, 2024, Donnelly acquired 49,827 shares of common stock for $0 related to performance stock units.
- Also on February 27, 2024, Donnelly disposed of 55,257 shares at a price of $9.18 per share to cover tax obligations.
- Following these transactions, Donnelly beneficially owns 363,760 shares of DiamondRock Hospitality Co.
- The filing indicates that the transactions included shares of common stock earned for performance stock units previously granted.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it primarily involves correcting an administrative error in a routine SEC filing related to stock transactions. There are no indications of significant positive or negative implications for the company.
Negatives
- The original Form 4 contained an error due to a miscalculation of taxes withheld, requiring an amendment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the hospitality industry and other publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of the transactions involving the acquisition and disposal of shares. |
| 02/29/2024 | Date of the original Form 4 filing and the amended Form 4/A filing. |
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