Eng Christopher R. 4

4 · Summit Hotel Properties, Inc. · Filed Mar 10, 2026

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Updated Mar 11, 2026

Summit Hotel (INN) EVP Christopher Eng Receives Restricted Stock Award

What Happened

Christopher R. Eng, EVP, General Counsel, Chief Risk Officer & Secretary of Summit Hotel Properties (INN), received two equity awards on 2026-03-09: 44,346 time‑based restricted shares and 66,519 performance‑based restricted shares. Both grants are recorded at $0.00 per share (no cash exchanged) on the Form 4.

Key Details

Transaction date: 2026-03-09; Form 4 filed 2026-03-10 (timely; within the usual 2-business-day window).
Price: $0.00 per share; total consideration reported $0.
Total shares granted: 110,865 (44,346 time‑based + 66,519 performance‑based).
Shares owned after transaction: not disclosed in the information provided.
Footnotes:
- F1 (Time‑based): 44,346 restricted shares vest subject to continued service: 25% on 3/9/2027, 25% on 3/9/2028, and the remaining 50% on 3/9/2029.
- F2 (Performance‑based): 66,519 restricted shares vest on 3/9/2029 only if cumulative total shareholder return (TSR) from 3/9/2026–3/9/2029 outperforms at least 25.5% of its peer group (includes certain Dow Jones U.S. Hotels Index constituents). Payout converts to 25%–200% of the granted shares depending on TSR performance.

Context

These are restricted stock awards (compensation grants), not open‑market purchases or sales. The time‑based shares vest gradually; the performance shares are contingent on multi‑year TSR performance and may convert up or down based on results. Because the shares are subject to vesting and performance conditions, they are not immediately freely tradable.

Form 4

Period: 2026-03-09

See remarks

Transactions

Footnotes (2)

[F1]Time Based Vesting - Represents shares of restricted common stock granted to the reporting person under the Issuer's 2024 Equity Incentive Plan. 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, 2027 (25% of the shares granted), March 9, 2028 (25% of the shares granted) and March 9, 2029 (the remaining 50% of the shares granted).
[F2]Performance Based Vesting - Represents shares of restricted common stock granted to the reporting person under the Issuer's 2024 Equity Incentive Plan. The restricted shares shall become vested and nonforfeitable on March 9, 2029, 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 9, 2026, and ending March 9, 2029, exceeds at least 25.5% of its peer group, which shall include certain constituents of the Dow Jones U.S. Hotels 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.

Signature

/s/ Christopher R. Eng|2026-03-10

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