Company: DRH-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001298946-25-000077
Chunk: 65

Company: DiamondRock Hospitality Co
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 and thereafter will possess all of the rights and interests of common OP units, including the right to exchange the common OP units for cash per unit equal to the market price of our common stock, at the time of redemption, or, at our option, for shares of our common stock on a one-for-one basis, subject to adjustment upon the occurrence of stock splits, mergers, consolidations or similar pro-rata share transactions. See Note 9 for additional disclosures related to LTIP units. There were 1,027,145 and 994,653 common OP units held by third parties and executive officers of the Company as of June 30, 2025 and December 31, 2024, respectively. There were 107,635 and 140,127 unvested LTIP units outstanding as of June 30, 2025 and December 31, 2024, respectively.

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Dividends and DistributionsDuring 2025, we paid the following dividends to holders of our common stock:Payment DateRecord DateDividend per Share/UnitJanuary 14, 2025December 31, 2024$0.23 April 11, 2025March 28, 2025$0.08 July 11, 2025June 30, 2025$0.08 During 2025, we paid the following dividends to holders of our Series A Preferred Stock:Payment DateRecord DateDividend per ShareMarch 28, 2025March 20, 2025$0.515625 June 30, 2025June 20, 2025$0.515625 

9.  Equity Incentive Plans

We are authorized to issue up to 7,900,000 shares of our common stock under our 2024 Equity Incentive Plan (the "2024 Plan"), of which we have issued or committed to issue 2,578,905 shares as of June 30, 2025. Shares underlying awards that are granted under the 2024 Plan that are forfeited, cancelled, reacquired prior to vesting, satisfied without the issuance of stock or otherwise terminated (other than by exercise), including shares tendered or held back upon settlement of an award, other than a stock option or stock appreciation right, to cover the tax withholding will be added back to the shares available for issuance under the 2024 Plan.Restricted Stock AwardsRestricted stock awards issued to our officers