Form 4: Host Hotels & Resorts Director Receives Deferred Stock Units

Mary Baglivo, a director at Host Hotels & Resorts, was granted deferred stock units in lieu of an annual stock award.

Summary

• On May 15, 2024, Mary Baglivo, a director of Host Hotels & Resorts, Inc. (HST), was granted 9,740.2597 deferred stock units.
• These units were granted in lieu of an annual stock award.
• Each deferred stock unit represents the right to receive one share of HST common stock.
• The deferred stock units are fully vested and will be settled in shares of HST common stock on a date selected by Baglivo, according to the company's Non-Employee Directors' Deferred Stock Compensation Plan.
• Following this transaction, Baglivo beneficially owns 59,864.8778 shares of HST common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (granting of deferred stock units) which is generally viewed neutrally to positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The grant of deferred stock units aligns the director's interests with those of the shareholders.
• The deferred stock units are fully vested.

Future Outlook

The deferred stock units will be settled in shares of the Issuer's common stock on a date selected by the reporting person pursuant to the Host Hotels & Resorts, Inc.'s Non-Employee Directors' Deferred Stock Compensation Plan.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders through equity ownership.

Comparison to Industry Standards

• Granting stock options or deferred stock units to directors is a common practice among publicly traded companies, including competitors like Marriott International (MAR) and Hilton Worldwide Holdings (HLT).
• The amount of equity granted to directors varies based on company size, performance, and industry standards.
• Companies often use deferred stock compensation plans to incentivize long-term performance and retention of board members.

Stakeholder Impact

• The granting of deferred stock units to a director can positively impact shareholders by aligning the director's interests with the company's long-term success.

Key Dates