Form 4: Host Hotels & Resorts Director Acquires Dividend Equivalent Rights

Director Gordon H. Smith acquired dividend equivalent rights convertible to 1,277.8211 shares of Host Hotels & Resorts common stock on April 15, 2024.

Summary

• On April 15, 2024, Gordon H. Smith, a director of Host Hotels & Resorts, Inc. (HST), acquired dividend equivalent rights.
• These rights are associated with deferred stock units and will be settled in HST's common stock.
• The transaction involved 1,277.8211 dividend equivalent rights, each representing the right to receive one share of common stock.
• The price per share is $19.57.
• Following the transaction, Smith directly owns 25,832.1572 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• The acquisition of dividend equivalent rights reflects the director's continued investment in the company.

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 holdings, and doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it relates to director compensation.

Key Dates