Form 4: Beverly K. Goulet Reports Acquisition of LTIP Units in Xenia Hotels & Resorts
SEC Form 4 Filing
Director Beverly K. Goulet reports acquisition of 6,766 LTIP Units in Xenia Hotels & Resorts, Inc.
Summary
- On May 14, 2024, Beverly K. Goulet, a director of Xenia Hotels & Resorts, Inc., acquired 6,766 LTIP Units.
- These LTIP Units are a class of limited partnership units in XHR LP, where Xenia's subsidiary is the general partner.
- Initially, these units don't have full parity with common units regarding liquidating distributions but can achieve parity over time.
- Vested LTIP Units can be converted into common units on a one-for-one basis.
- Common units are redeemable for cash or Xenia's common stock.
- Following the transaction, Goulet directly owns 57,723 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of LTIP units by a director could be viewed positively by stakeholders as it aligns the director's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of transaction: Acquisition of LTIP Units |
| 05/15/2024 | Date of signature by Attorney-in-Fact |
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