Company: BHR-PD
Filing Date: 2025-10-30
Form Type: DEF 14A
Source: 0001574085-25-000111
Chunk: 26

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-10-30
Form: DEF 14A
Chunk 26
---
 or her annual Board retainer fee in effect at the time of such director's election to the board (excluding any portion of the retainer fee representing additional compensation for being a committee chairman or committee member). New directors are expected to achieve compliance with this requirement within four years from the date of election or appointment. Once a director has met his or her guideline, he or she will not be considered to be out of compliance with the guideline as a result of stock price volatility. The Company calculates the minimum number of shares necessary to meet compliance with the guidelines, and that number of shares will be the number required to be held through the remaining term of a director's tenure. Although directors may not sell any common stock granted to them in connection with their service to the Company until the director is in compliance with the guidelines, no director is required to acquire shares on the open market (or is prohibited

2025 Proxy Statement 20

#### TABLE OF CONTENTS
from selling shares acquired on the open market) in order to meet compliance with the guidelines. As of December 31, 2024, each of our directors had stock ownership that met the guidelines or was within the grace period for satisfying the requirements.

The following table summarizes the compensation paid by us to our non-executive directors for their services for the fiscal year ended December 31, 2024:

#### Director Compensation
| Name                     |     | Fees Earned or Paid in Cash |     |         |     | LTIP/Stock Awards(1) |     |        |     | All Other Compensation(2) |     |           |     | Total |     |           |
|:-------------------------|:----|:----------------------------|:----|--------:|:----|:---------------------|:----|-------:|:----|:--------------------------|:----|----------:|:----|:------|:----|----------:|
| Monty J. Bennett         |     | $                           |     |       — |     | $                    |     |      — |     | $                         |     | 2,367,347 |     | $     |     | 2,367,347 |
| Stefani D. Carter        |     | $                           |     | 198,355 |     | $                    |     | 42,089 |     | $                         |     |         — |     | $     |     |   240,443 |
| Candace Evans            |     | $                           |     |