Company: DRH-PA
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001298946-25-000015
Chunk: 62

Company: DiamondRock Hospitality Co
Filing Date: 2025-02-28
Form: 10-K
Item: Item 5
Chunk 62
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 excess of our net income from foreclosure property over the tax imposed on such income by the Code, minus

•any excess non-cash income. 

We generally pay quarterly cash dividends to common stockholders at the discretion of our board of directors. The timing and frequency of future dividends will be determined by our board of directors after considering a variety of factors, including our financial performance, restrictions under applicable law and our current and future loan agreements, our debt service requirements, our capital expenditure requirements, the requirements for qualification as a REIT under the Code and other factors that our board of directors may deem relevant from time to time. 

Stockholder Information

As of February 25, 2025, there were 13 record holders of our common stock and we believe we have more than one thousand beneficial holders. As of February 25, 2025, there were 14 holders of common OP units (in addition to the Company and executive officers of the Company). 

In order to comply with certain requirements related to our qualification as a REIT, our charter, subject to certain exceptions, limits the number of common shares that may be owned by any single person or affiliated group to 9.8% of the outstanding common shares. 

Equity Compensation Plan Information

The following table provides information as of December 31, 2024 regarding shares of common stock that may be issued under the Company’s equity compensation plans.

Plan CategoryNumber of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and RightsWeighted-Average Exercise Price of Outstanding Options, Warrants and RightsNumber of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a))(a)(b)(c)Equity compensation plans approved by security holders2,443,560 (1)     — (2)6,823,085Equity compensation plans not approved by security holders———Total2,443,560—6,823,085

______________

(1)    Includes 1,334,986 shares of common stock issuable pursuant to our deferred compensation plan and 1,108,574 shares of common stock issuable upon the achievement of certain performance conditions. Does not include 621,595 shares of unvested restricted stock.

(2)    Performance stock units and deferred stock units do not have any exercise price.

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Table of Contents

Fourth Quarter 2024 Repurchases of Equity Securities 

Period(a)Total Number of Shares Purchased(b)Average