Adam Daniel Wudel filed an initial statement of beneficial ownership (Form 3) with the SEC on November 2, 2026, reporting his securities holdings in Summit Hotel Properties, Inc. as of the event date of November 1, 2026, in connection with his role as Executive Vice President and Chief Operating Officer.

Key Highlights

  • Reporting person: Adam Daniel Wudel, EVP and Chief Operating Officer of Summit Hotel Properties, Inc. (NYSE:INN)
  • Total beneficial ownership reported: 212,706 shares of common stock, held directly
  • Direct ownership: 92,323 shares are described as beneficially owned by the reporting person
  • Service-based restricted shares: 63,620 unvested restricted service-based shares vesting across four tranches between March 9, 2027, and March 9, 2029, subject to continued employment
  • Performance-based restricted shares: 56,763 unvested restricted performance-based shares vesting on March 7, 2028 (23,504 shares) and March 9, 2029 (33,259 shares), subject to continued employment and cumulative TSR conditions
  • TSR condition: Performance shares vest only if the issuer's cumulative total shareholder return for the applicable three-year period exceeds at least 25.5% of its peer group, and may convert from 25% to 200% of target based on TSR performance

Wudel's Initial Ownership Disclosure at Summit Hotel Properties

According to the filing, Adam Daniel Wudel submitted his Form 3 as a newly reporting officer, with a date of event requiring statement of November 1, 2026. The filing identifies him as Executive Vice President and Chief Operating Officer of Summit Hotel Properties, Inc., listed on the New York Stock Exchange under the ticker INN. The form was signed by Christopher R. Eng as Attorney-in-Fact on November 2, 2026.

The filing discloses total direct beneficial ownership of 212,706 shares of common stock. Of those, 92,323 shares are described as directly beneficially owned. The remaining shares consist of two categories of unvested restricted stock. The service-based component totals 63,620 shares, with vesting tranches of 17,177 shares on March 9, 2027; 21,980 shares on September 15, 2027; 13,377 shares on March 9, 2028; and 11,086 shares on March 9, 2029, each subject to continued employment, according to the filing.

The performance-based component totals 56,763 shares, vesting on March 7, 2028 (23,504 shares) and March 9, 2029 (33,259 shares). The filing states these are subject to continued employment and to the issuer's cumulative total shareholder return for the applicable three-year period exceeding at least 25.5% of its peer group, including certain constituents of the Dow Jones U.S. Hotels Index. The filing further notes that such shares may convert from 25% to 200% of target based on TSR performance. No derivative securities were reported in Table II.

What Was Disclosed

Wudel filed an initial beneficial ownership statement reporting 212,706 directly held shares of Summit Hotel Properties common stock, comprising 92,323 direct shares, 63,620 unvested service-based restricted shares, and 56,763 unvested performance-based restricted shares, as of November 1, 2026.