Stanner Jonathan P 4

What Happened

• Jonathan P. Stanner, President, CEO & Director of Summit Hotel Properties (INN), disposed of a total of 354,969 shares on March 13, 2026. That includes 98,492 shares surrendered to the issuer to satisfy tax withholding and 256,477 performance-based shares that were forfeited after performance metrics were not met. All dispositions were reported at $0.00 per share (no cash proceeds).

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-16 (filed timely).
• Breakdown: 98,492 shares surrendered for tax withholding (footnote F1); 256,477 shares forfeited for failing to meet performance conditions (footnote F2).
• Reported price/value: $0.00 per share; total reported value $0.
• Shares owned after transaction: not specified in this filing.
• Transaction codes: F = payment of exercise price or tax liability (share surrender for withholding); D = disposition to the issuer (forfeiture).

Context

• These transactions are administrative (tax withholding and forfeiture of unvested/performance shares), not open-market sales, and do not represent an active sale for cash or a market signal by the executive. Forfeiture means performance conditions attached to those awards were not met, so the shares did not vest.