Form 4: Mary Baglivo Reports Acquisition of Dividend Equivalent Rights in Host Hotels & Resorts

Director Mary Baglivo reports acquiring dividend equivalent rights convertible to 586.4585 shares of Host Hotels & Resorts common stock.

Summary

• On April 15, 2024, Mary Baglivo, a director of Host Hotels & Resorts, acquired dividend equivalent rights.
• These rights are associated with deferred stock units and 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.
• The transaction resulted in the acquisition of rights equivalent to 586.4585 shares of common stock.
• The price of the dividend equivalent rights was $19.57.
• Following the transaction, Ms. Baglivo directly owns 7,846.8085 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests.

Positives

• The acquisition of dividend equivalent rights reflects continued alignment of director interests with shareholder value.

Future Outlook

The dividend equivalent rights will be settled in shares of Host Hotels & Resorts 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 equity ownership, common in the hospitality industry.

Comparison to Industry Standards

• Director compensation packages often include deferred stock units and dividend equivalent rights to align director interests with long-term shareholder value, a common practice among publicly traded companies like Marriott International (MAR) and Hilton Worldwide Holdings (HLT).

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates