Company: BHR-PD
Filing Date: 2025-04-29
Form Type: 10-K/A
Source: 0001574085-25-000040
Chunk: 30

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-04-29
Form: 10-K/A
Chunk 30
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 executive officers have with our advisor, “good reason” generally means:

• the assignment to the named executive oﬃcer of any duties, responsibilities, or reporting requirements inconsistent with his or her position, or any material diminishment of the named executive officer's duties, responsibilities, or status;

• a reduction by our advisor in the named executive officer's base salary or target bonus;

• the requirement that the principal place of business at which the named executive oﬃcer performs his or her duties be changed to a location outside the greater Dallas metropolitan area; or

• any material breach by the advisor of the employment agreement.

The following table sets forth the value of the equity and deferred cash awards held by the Company's named executive officers as of December 31, 2024 whose vesting would accelerate in the circumstances described above, assuming a common stock value of $3.00 per share, the closing share price of the common stock as of December 31, 2024, and, as applicable, that the outstanding performance-based awards are paid out at the target level, other than the performance LTIPs, which assume the maximum level. The actual amount paid out to an executive upon an actual termination or change of control can only be determined at the time of such event.

| Name                |     | Change in Control (No Termination)(1) |         |     | Involuntary Termination from Advisor, Death, Disability and Non-Renewal of Employment Agreement(1) |           |
|:--------------------|:----|:--------------------------------------|--------:|:----|:---------------------------------------------------------------------------------------------------|----------:|
| Richard J. Stockton |     | $                                     | 528,885 |     | $                                                                                                  | 3,001,071 |
| Deric S. Eubanks    |     | $                                     | 266,241 |     | $                                                                                                  | 1,416,190 |
| Alex Rose           |     | $                                     | 201,699 |     | $                                                                                                  | 1,072,871 |
| Justin Coe          |     | $                                     |       — |     | $                                                                                                  |    74,541 |

(1) Values assume that the outstanding performance-based awards are paid out at the target level, other than the performance LTIPs, which assume the maximum level.

### Equity Grant Procedures
The Company currently does not grant options. However, with respect to grants of equity of the Company in