Form 4: DiamondRock Hospitality EVP Donnelly Reports Stock Award and Tax Withholding

Jeffrey Donnelly, EVP & CFO of DiamondRock Hospitality, reports acquisition of shares from performance stock units and disposition for tax withholding.

Summary

• On February 27, 2024, Jeffrey Donnelly, the EVP & Chief Financial Officer of DiamondRock Hospitality Co, acquired 49,827 shares of common stock due to the vesting of performance stock units.
• These shares were awarded at a price of $0.
• Donnelly elected to defer receipt of all such shares pursuant to the DiamondRock Hospitality Company deferred compensation plan.
• On the same day, Donnelly disposed of 52,292 shares at $9.18 per share to cover tax obligations.
• Following these transactions, Donnelly directly owns 366,725 shares of DiamondRock Hospitality Co.
• The transactions were reported on February 29, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine stock transactions related to executive compensation and tax obligations.

Positives

• The acquisition of shares indicates that Donnelly has met certain performance criteria, which could be viewed positively.

Negatives

• The sale of shares to cover tax obligations could be interpreted as a need for liquidity, although it is a common practice.

Risks

• There are no specific risks mentioned in this document.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the hospitality industry.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.

Key Dates