Form 4: Wyndham Hotels & Resorts Director Ronald L. Nelson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Ronald L. Nelson reports acquisition of deferred stock units and vesting of restricted stock units in Wyndham Hotels & Resorts, Inc.
Summary
- On March 10, 2024, Ronald L. Nelson, a director of Wyndham Hotels & Resorts, reported changes in his beneficial ownership of the company's stock.
- Nelson acquired 312 deferred stock units and accrued dividends under the company's 2018 Equity and Incentive Plan upon the vesting of previously-granted restricted stock units.
- These restricted stock units vested on March 10, 2024.
- Each deferred stock unit entitles Nelson to one share of common stock following his retirement or termination of service from the Board of Directors.
- Nelson directly owns 12,731 deferred stock units, 3,833 restricted stock units, and 30,939.505 shares of common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document is a standard SEC filing detailing stock transactions. It doesn't inherently indicate positive or negative performance for the company.
Future Outlook
The deferred stock units will be converted to common stock upon the reporting person's retirement or termination of service from the Board of Directors.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the hospitality industry.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date of transaction: acquisition of deferred stock units and vesting of restricted stock units. |
| 03/12/2024 | Date of signature for the Form 4 filing. |
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