Company: DRH-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001298946-25-000077
Chunk: 69

Company: DiamondRock Hospitality Co
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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30, 2025107,635 $8.96 ______________________(1)As of June 30, 2025, all vested LTIP units have achieved economic parity with common OP units and have been converted to common OP units. 

The total unvested LTIP units as of June 30, 2025 are expected to vest as follows: 14,217 during the remainder of 2025 and 46,709 during both 2026 and 2027. As of June 30, 2025, the unrecognized compensation cost related to LTIP unit awards was $0.8 million and the weighted-average period over which the unrecognized compensation expense will be recorded is approximately 22 months. We recorded $0.1 million and $0.2 million of compensation expense related to LTIP unit awards for the three and six months ended June 30, 2025, respectively. We recorded $1.3 million and $1.8 million of compensation expense related to LTIP unit awards for the three and six months ended June 30, 2024, respectively, which included $1.2 million of accelerated compensation expense related to LTIPs for the departures of our former Chief Executive Officer and Chief Investment Officer. The accelerated compensation expense is recorded as severance costs in corporate expenses within the consolidated statements of operations and comprehensive income.  

10.  Earnings Per Share

The following is a reconciliation of the calculation of basic and diluted earnings per share (“EPS”): Three Months Ended June 30,Six  Months Ended June 30,20252024202562024Numerator:Net income attributable to common stockholders (in thousands)$38,381 $22,076 $47,784 $27,950 Denominator:Weighted-average number of common shares outstanding—basic206,804,961 211,195,463 207,652,548 211,432,403 Effect of dilutive securities:Unvested restricted common stock32,059 120,182 195,762 123,222 Shares related to unvested PSUs1,079,288 700,800 1,313,049 721,190 Weighted-average number of common shares outstanding—diluted207,916,308 212,016,445 209,161,359 212,276,815 Earnings per share:Earnings per share available to common stockholders—basic$0.19