Form 4: Wyndham Hotels & Resorts Director Stephen P. Holmes Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Stephen P. Holmes reports changes in beneficial ownership of Wyndham Hotels & Resorts stock, including acquisitions and adjustments to deferred stock units.
Summary
- Stephen P. Holmes, a director of Wyndham Hotels & Resorts, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On April 26, 2024, Holmes acquired 648 shares of common stock, and his holdings include 16,328 deferred stock units, 3,833 restricted stock units, and 446,371 shares of common stock.
- An adjustment was made to exclude six deferred stock units incorrectly awarded and reported in a previous filing on February 21, 2024.
- The deferred stock units are for quarterly retainer fees and dividends, each entitling Holmes to one share of common stock upon retirement or termination of service from the Board of Directors.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for directors and officers to report changes in their beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 02/21/2024 | Date of previous Form 4 filing with incorrect deferred stock unit award. |
| 04/26/2024 | Date of the reported transaction (stock acquisition). |
| 04/30/2024 | Date of signature on the Form 4 filing. |
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