Form 4: Xenia Hotels & Resorts Director Acquires LTIP Units

Mary E. McCormick, a director of Xenia Hotels & Resorts, acquired 8,117 LTIP units on May 13, 2025.

Summary

• On May 13, 2025, Mary E. McCormick, a director of Xenia Hotels & Resorts, Inc., acquired 8,117 LTIP units.
• These LTIP units are a class of limited partnership units in XHR LP, where Xenia Hotels & Resorts' subsidiary is the general partner.
• Initially, these LTIP units do not have full parity with common units regarding liquidating distributions but can achieve parity over time under certain conditions.
• Vested LTIP units can be converted into common units on a one-for-one basis at the director's request or the general partner's request.
• Common units are redeemable for cash or shares of Xenia Hotels & Resorts' common stock.
• The LTIP units were fully vested on the grant date under the 2015 Incentive Award Plan.
• Following the transaction, McCormick directly owns 65,840 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction disclosure. The acquisition of LTIP units can be seen as a slightly positive sign, indicating confidence from a company director.

Positives

• The acquisition of LTIP units suggests confidence in the company's long-term performance.

Future Outlook

The LTIP units can potentially convert into common units, aligning the director's interests with those of the shareholders.

Industry Context

This filing is a routine disclosure of a director's acquisition of LTIP units, which is a common form of executive compensation in the hospitality industry.

Stakeholder Impact

• The acquisition of LTIP units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates

Keywords

Xenia Hotels & Resorts, LTIP Units, Director, Acquisition, XHR, Beneficial Ownership, Form 4