RUIZ PAUL 4

What Happened

• Paul Ruiz, SVP & Chief Accounting Officer of Summit Hotel Properties, had two equity-related disposals reported for March 13, 2026. He surrendered 14,326 shares to the issuer to satisfy tax withholding on vested restricted stock (reported at $0.00, value $0). Separately, 37,306 performance-based shares were forfeited back to the issuer because performance metrics were not met (also $0.00, value $0). These were not open-market sales.

Key Details

• Transaction dates: March 13, 2026; Form 4 filed March 16, 2026 (timely filing).
• Prices reported: $0.00 per share for both transactions (no cash proceeds).
• Share counts: 14,326 shares surrendered for tax withholding; 37,306 performance shares forfeited.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — shares surrendered to satisfy tax withholding on vested restricted stock; F2 — performance-based shares forfeited due to unmet metrics.
• Codes: F = tax withholding; D = disposition to issuer (forfeiture).

Context

• The surrender for tax withholding is a routine administrative transaction when restricted stock vests and does not necessarily signal a trading decision. The forfeiture reflects that performance-based award conditions were not achieved and also does not represent a market sale. Purchases or open-market sales by insiders generally carry more informational weight about sentiment than tax withholding or forfeiture actions.