Form 4: Wyndham Hotels & Resorts Director James E. Buckman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director James E. Buckman reports acquisition and disposal of Wyndham Hotels & Resorts stock and deferred stock units following vesting of restricted stock units.
Summary
- On February 27, 2024, James E. Buckman, a director of Wyndham Hotels & Resorts, reported changes in beneficial ownership of the company's securities.
- Buckman acquired 893 shares of common stock through deferred stock units and accrued dividends under the company's 2018 Equity and Incentive Plan, related to the vesting of previously-granted restricted stock units.
- These restricted stock units vested on February 27, 2024.
- The reported transactions also include holdings of 2,907 restricted stock units and 9,307 shares of common stock.
- The deferred stock units entitle Buckman to receive one share of common stock per unit following retirement or termination of service from the Board of Directors.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects standard compensation practices and insider transactions.
Future Outlook
The deferred stock units will be converted to common stock upon the director's retirement or termination of service from the Board.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices for board members.
Stakeholder Impact
- The filing provides transparency to shareholders regarding director compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of earliest transaction: vesting of restricted stock units and acquisition of deferred stock units. |
| 02/29/2024 | Date of signature on the Form 4 filing. |
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