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

William Tennis, EVP & General Counsel of DiamondRock Hospitality, reports the acquisition of 34,093 shares of common stock due to performance stock units and the disposal of 37,631 shares to cover tax obligations.

Summary

• On February 27, 2024, William J. Tennis, EVP & General Counsel of DiamondRock Hospitality Co, acquired 34,093 shares of common stock.
• These shares were earned through performance stock units previously granted to him.
• Mr. Tennis elected to defer receipt of these shares under the company's deferred compensation plan.
• On the same day, Mr. Tennis disposed of 37,631 shares of common stock at a price of $9.18 per share.
• This disposal was to satisfy tax withholding obligations related to the acquired shares.
• Following these transactions, Mr. Tennis directly owns 463,581 shares of DiamondRock Hospitality Co.
• The transactions were reported on February 29, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Management Comments

• The reporting person elected to defer receipt of all such shares pursuant to the DiamondRock Hospitality Company deferred compensation plan.

Industry Context

Form 4 filings are standard practice for company insiders reporting transactions in their company's stock, providing transparency to investors.

Key Dates