0001476045-24-000023.txt : 20240304
0001476045-24-000023.hdr.sgml : 20240304
20240304171848
ACCESSION NUMBER: 0001476045-24-000023
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240301
FILED AS OF DATE: 20240304
DATE AS OF CHANGE: 20240304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CRAVEN DENNIS M
CENTRAL INDEX KEY: 0001191839
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34693
FILM NUMBER: 24715654
MAIL ADDRESS:
STREET 1: 850 RIDGE LAKE BLVD
STREET 2: STE 300
CITY: MEMPHIS
STATE: TN
ZIP: 38120
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Chatham Lodging Trust
CENTRAL INDEX KEY: 0001476045
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 271200777
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 222 LAKEVIEW AVENUE
STREET 2: SUITE 200
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33401
BUSINESS PHONE: (561) 802-4477
MAIL ADDRESS:
STREET 1: 222 LAKEVIEW AVENUE
STREET 2: SUITE 200
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33401
4
1
wk-form4_1709590376.xml
FORM 4
X0508
4
2024-03-01
0
0001476045
Chatham Lodging Trust
CLDT
0001191839
CRAVEN DENNIS M
222 LAKEVIEW AVENUE
SUITE 200
WEST PALM BEACH
FL
33401
0
1
0
0
EVP & Chief Operating Officer
0
LTIP Units
2024-03-01
4
A
0
50982
0
A
Common Shares
50982
456514
D
LTIP Units
2024-03-01
4
A
0
40052
0
A
Common Shares
40052
496566
D
Represents restricted units of limited partnership interest ("LTIP Units") in Chatham Lodging, L.P. (the "Operating Partnership"), of which the Issuer is the general partner, granted to the reporting person on March 1, 2024. Vested LTIP Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the Operating Partnership's limited partnership agreement, may be exchanged at any time at the election of the holder for Operating Partnership units on a one-for-one basis or, at the Issuer's option, an equivalent amount of cash. One-third of the reporting person's LTIP Units vest on each of the first three anniversaries of the date of grant, subject to the reporting person's continued employment with the Issuer. Prior to vesting, the holder is entitled to receive distributions on the LTIP units. The LTIP Units were issued pursuant to the Issuer's Equity Incentive Plan and have no expiration dates.
Under the March 1, 2021 LTIP Performance Award, the Company was awarded 85.7% of its targeted award. This LTIP issuance represents the vesting of the award and represents restricted units of limited partnership interest ("LTIP Units") in Chatham Lodging, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the Operating Partnership's limited partnership agreement, may be exchanged at any time at the election of the holder for Operating Partnership units on a one-for-one basis or, at the Issuer's option, an equivalent amount of cash.
/s/ Dennis M. Craven, as Attorney in Fact
2024-03-04