0001104659-21-034562.txt : 20210310 0001104659-21-034562.hdr.sgml : 20210310 20210310171740 ACCESSION NUMBER: 0001104659-21-034562 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210308 FILED AS OF DATE: 20210310 DATE AS OF CHANGE: 20210310 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Aniszewski Craig J CENTRAL INDEX KEY: 0001360511 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35074 FILM NUMBER: 21730801 MAIL ADDRESS: STREET 1: 119 STORMY POINTE LN CITY: MOORESVILLE STATE: NC ZIP: 28117 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Summit Hotel Properties, Inc. CENTRAL INDEX KEY: 0001497645 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 272962512 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 13215 BEE CAVE PARKWAY STREET 2: SUITE B-300 CITY: AUSTIN STATE: TX ZIP: 78738 BUSINESS PHONE: 512-538-2300 MAIL ADDRESS: STREET 1: 13215 BEE CAVE PARKWAY STREET 2: SUITE B-300 CITY: AUSTIN STATE: TX ZIP: 78738 4 1 tm219285-2_4seq1.xml OWNERSHIP DOCUMENT X0306 4 2021-03-08 0 0001497645 Summit Hotel Properties, Inc. INN 0001360511 Aniszewski Craig J 13215 BEE CAVE PARKWAY, SUITE B-300 AUSTIN TX 78738 0 1 0 0 EVP and COO Common Stock (Time-Based Vesting) 2021-03-08 4 A 0 42802 0 A 508917 D Common Stock (Performance-Based Vesting) 2021-03-08 4 A 0 64202 0 A 573119 D Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective June 15, 2015. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on March 9, 2022 (25% of the shares granted), March 9, 2023 (25% of the shares granted) and March 9, 2024 (the remaining 50% of the shares granted). Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restate effective June 15, 2015. The restricted shares shall become vested and nonforfeitable on March 8, 2024, if the reporting person remains in the continued service as an employee of the Issuer and the Issuer's cumulative total shareholder return (TSR) for the period starting March 8, 2021 and ending March 8, 2024 exceeds at least 25.5% of its peer group, which shall include certain constituents of the SNL US REIT Hotel Index. The number of shares will convert at a range from 25% to 200% of the shares granted to the reporting person based upon the Issuer's cumulative TSR performance compared to its peer group for the reporting period. /s/ Christopher R. Eng, as Attorney-in-Fact 2021-03-10