Eng Christopher R. 4

What Happened
Christopher R. Eng, EVP, General Counsel, Chief Revenue Officer & Secretary of Summit Hotel Properties (INN), reported dispositions on 2026-03-13 totaling 54,949 shares. Of those, 16,089 shares were surrendered to the company to satisfy tax withholding on previously issued restricted stock (no cash proceeds) and 38,860 performance-based shares were forfeited after performance metrics were not met. All dispositions are reported at $0.00 per share (no sale proceeds).

Key Details

• Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-16). Filing appears timely.
• Reported price/value: $0.00 per share for both actions (surrender/forfeiture); total reported proceeds $0.
• Shares involved: 16,089 surrendered for tax withholding; 38,860 forfeited for unmet performance conditions; total disposed = 54,949 shares.
• Shares owned after the transaction: Not specified in this Form 4.
• Footnotes: F1 = shares surrendered to satisfy tax withholding on vested restricted awards; F2 = performance-based shares forfeited due to unmet metrics.
• Transaction codes: F (payment of exercise price or tax liability via share surrender) and D (disposition to the issuer / forfeiture).

Context
Surrendering shares to cover tax withholding is a common administrative action and does not represent an open-market sale or market-driven liquidity event. Forfeiture of performance-based awards reflects unmet performance conditions and is not a direct indicator of the insider buying or selling stock. No cash proceeds were reported from these dispositions.