Form 4: Xenia Hotels COO Acquires 171,324 Vested LTIP Units

Xenia Hotels & Resorts' President and COO, Barry A. N. Bloom, acquired 171,324 fully vested LTIP Units, increasing his beneficial ownership to 682,975 units.

Summary

• Barry A. N. Bloom, President and Chief Operating Officer of Xenia Hotels & Resorts, Inc. (XHR), acquired 171,324 LTIP Units.
• The transaction date for this acquisition was January 8, 2026.
• These LTIP Units were determined to have been earned based on specific performance criteria, including dividend equivalent units, stemming from a grant on February 24, 2023.
• All 171,324 acquired LTIP Units are fully vested.
• Following this transaction, Barry A. N. Bloom beneficially owns a total of 682,975 LTIP Units.
• LTIP Units are a class of limited partnership units in XHR LP, the Issuer's operating partnership.
• Vested LTIP Units can be converted into an equal number of Common Units of the Operating Partnership on a one-for-one basis, upon request of the reporting person or the general partner, once full parity with Common Units is achieved.
• Common Units are redeemable for cash based on the fair market value of an equivalent number of the Issuer's common stock, or, at the Issuer's election, an equal number of common shares.

Sentiment

Score: 7

Explanation: The filing indicates a positive event with a key executive acquiring a significant number of fully vested, performance-earned equity units, signaling confidence and alignment with shareholder interests.

Positives

• The acquisition represents an increase in insider ownership, which can signal management's confidence in the company's future performance.
• The LTIP Units were earned based on the satisfaction of performance criteria, indicating successful achievement of company goals set in the 2015 Incentive Award Plan.
• The units are fully vested, meaning the reporting person has full ownership rights and the potential for conversion to common stock or cash.

Future Outlook

The acquired LTIP Units, being fully vested, offer the potential for future conversion into an equal number of Common Units of the Operating Partnership, which can then be redeemed for cash or an equivalent number of the Issuer's common stock, subject to achieving full parity with Common Units.

Management Comments

• Barry A. N. Bloom holds the title of President and Chief Operating Officer of Xenia Hotels & Resorts, Inc.

Industry Context

LTIP Units are a common form of equity-based compensation in the REIT (Real Estate Investment Trust) sector, designed to align the interests of executives with long-term shareholder value by tying compensation to the performance of the operating partnership and the underlying common stock.

Stakeholder Impact

• Shareholders may view the increased insider ownership as a positive signal, indicating management's commitment and belief in the company's future prospects.
• The performance-based vesting of these units suggests that management incentives are aligned with achieving company goals that benefit all stakeholders.

Next Steps

• Barry A. N. Bloom may, at a future date, request the conversion of his vested LTIP Units into Common Units of the Operating Partnership, once full parity is achieved.
• The Common Units, once converted, may then be redeemed for cash or an equivalent number of Xenia Hotels & Resorts, Inc. common shares.

Key Dates

Keywords

Xenia Hotels & Resorts, XHR, Barry A. N. Bloom, LTIP Units, Insider Ownership, Executive Compensation, SEC Form 4, REIT, Hospitality