0001616000-24-000006.txt : 20240110 0001616000-24-000006.hdr.sgml : 20240110 20240110170437 ACCESSION NUMBER: 0001616000-24-000006 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240109 FILED AS OF DATE: 20240110 DATE AS OF CHANGE: 20240110 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: VERBAAS MARCEL CENTRAL INDEX KEY: 0001268560 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36594 FILM NUMBER: 24527201 MAIL ADDRESS: STREET 1: XENIA HOTELS & RESORTS, INC. STREET 2: 200 S ORANGE AVE, SUITE 2700 CITY: ORLANDO STATE: FL ZIP: 32801 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Xenia Hotels & Resorts, Inc. CENTRAL INDEX KEY: 0001616000 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 200141677 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 200 S. ORANGE AVENUE, SUITE 2700 CITY: ORLANDO STATE: FL ZIP: 32801 BUSINESS PHONE: 407-246-8100 MAIL ADDRESS: STREET 1: 200 S. ORANGE AVENUE, SUITE 2700 CITY: ORLANDO STATE: FL ZIP: 32801 4 1 wk-form4_1704924265.xml FORM 4 X0508 4 2024-01-09 0 0001616000 Xenia Hotels & Resorts, Inc. XHR 0001268560 VERBAAS MARCEL C/O XENIA HOTELS & RESORTS, INC. 200 S. ORANGE AVENUE, SUITE 2700 ORLANDO FL 32801 1 1 0 0 See Remarks 0 LTIP Units 2024-01-09 4 A 0 41154 A Common Shares 41154 967916 D LTIP Units are a class of limited partnership units in XHR LP (the "Operating Partnership"), of which the Issuer's wholly-owned subsidiary is the general partner. Initially, the LTIP Units do not have full parity with common limited partnership units of the Operating Partnership ("Common Units") with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the LTIP Units can over time achieve full parity with the Common Units for all purposes. If such parity is reached, vested LTIP Units may be converted into an equal number of Common Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership. (continued from Footnote 1) Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of the Issuer's common stock, or, at the election of the Issuer, an equal number of shares of the Issuer's common stock, each subject to adjustment in the event of stock splits, specified extraordinary distributions or similar events. Represents the number of LTIP Units determined to have been earned based upon certain performance criteria, including dividend equivalent units deemed earned through the date such performance criteria were deemed satisfied, in respect of a grant on March 1, 2021 pursuant to the Xenia Hotels & Resorts, Inc., XHR Holding, Inc. and XHR LP 2015 Incentive Award Plan. All such LTIP Units are fully vested. Chair and Chief Executive Officer /s/ Marcel Verbaas 2024-01-10