Company: DRH-PA
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001298946-25-000015
Chunk: 137

Company: DiamondRock Hospitality Co
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 137
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 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 10 for additional disclosures related to LTIP units. There were 994,653 and 723,166 common OP units held by unaffiliated third parties and current and former executive officers of the Company as of December 31, 2024 and 2023, respectively. There were 140,127 and 314,137 LTIP units outstanding as of December 31, 2024 and 2023, respectively. All vested LTIP units have reached economic parity with common OP units and have been converted into common OP units. Dividends and Distributions We have declared the following dividends to holders of our common stock and distributions to holders of common OP units and LTIP units for the years ended December 31, 2024 and 2023, and through the date of this report::Payment DateRecord DateDividend per Share/UnitApril 12, 2023March 31, 2023$0.03 July 12, 2023June 30, 2023$0.03 October 12, 2023September 29, 2023$0.03 January 11, 2024December 29, 2023$0.03 April 12, 2024March 29, 2024$0.03 July 12, 2024June 28, 2024$0.03 October 11, 2024September 30, 2024$0.03 January 14, 2025December 31, 2024$0.23 We have declared the following dividends to holders of our Series A Preferred Stock for the years ended December 31, 2024 and 2023, and through the date of this report:Payment DateRecord DateDividend per ShareMarch 31, 2023March 17, 2023$0.515625 June 30, 2023June 20, 2023$0.515625 September 29, 2023September 18, 2023$0.515625 December 29, 2023December 18, 202