Form 4: Gordon H. Smith Reports Acquisition of Dividend Equivalent Rights in Host Hotels & Resorts

Director Gordon H. Smith reports acquiring dividend equivalent rights corresponding to 1,486.1046 shares of Host Hotels & Resorts common stock on July 15, 2024.

Summary

• On July 15, 2024, Gordon H. Smith, a director of Host Hotels & Resorts, acquired 1,486.1046 dividend equivalent rights.
• These rights are associated with deferred stock units and will be settled in shares of Host Hotels & Resorts common stock.
• The dividend equivalent rights accrued on deferred stock units held by the reporting person pursuant to the Issuer's Non-Employee Directors' Deferred Stock Compensation Plan.
• Following the transaction, Smith directly owns 27,318.2618 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation. There are no indications of positive or negative performance.

Future Outlook

The dividend equivalent rights will be settled in shares of the Issuer's common stock on a date selected by the reporting person pursuant to the Issuer's Non-Employee Directors' Deferred Stock Compensation Plan.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in the real estate investment trust (REIT) sector.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance through equity-based compensation.

Key Dates