WYNDHAM HOTELS RESORTS INC
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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Mar 31, 2024 · Filed Apr 25, 2024
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Item 5. Other Information
Rule 10b5-1 Trading Plans
On February 23, 2024, Michele Allen, the Company’s Chief Financial Officer and Head of Strategy, adopted a Rule 10b5‑1 trading plan (the “Allen Trading Plan”). The Allen Trading Plan is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The Allen Trading Plan provides for the potential exercise of 2,667 vested stock options commencing on May 24, 2024. Ms. Allen will continue to hold all shares of common stock which remain from the option exercise following the associated sale of shares of common stock solely to cover option costs, tax obligations, commissions and fees. The Allen Trading Plan terminates on the earlier of May 31, 2024 or the date that all options are exercised.
On February 23, 2024, Scott Strickland, the Company’s Chief Commercial Officer, adopted a Rule 10b5‑1 trading plan (the “Strickland Trading Plan”). The Strickland Trading Plan is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The Strickland Trading Plan provides for the potential exercise of 8,532 vested stock options commencing on May 24, 2024. Mr. Strickland will continue to hold all shares of common stock which remain from the option exercise following the associated sale of shares of common stock solely to cover option costs, tax obligations, commissions and fees. The Strickland Trading Plan terminates on the earlier of May 31, 2024 or the date that all options are exercised.
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