---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-032488"
form_type: "8-K"
ticker: "INN"
cik: "0001497645"
company_name: "Summit Hotel Properties, Inc."
filed_at: "2022-03-10T23:59:59+00:00"
generated_at: "2026-06-26T23:56:25.995981+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Summit Hotel Properties approves 2022 executive comp: CEO salary $700K, time & performance shares

## Summary
- CEO Stanner base salary $700K, CFO Conkling $470K, EVP Eng $375K, SVP Ruiz $315K for 2022.
- Time-based stock awards: Stanner 122,574 shares; Conkling 44,944; Eng 18,386; Ruiz 18,386; vest over 3 years.
- Performance-based stock awards at target: Stanner 183,861 shares; Conkling 67,416; Eng 27,579; Ruiz 27,579; TSR vs hotel REIT peers.
- Cash bonuses: CEO threshold 75% ($525K), target 150% ($1.05M), max 300% ($2.1M); weighted RevPAR, EBITDA, transactions, individual.
- Compensation program developed with advisory from Frederic W. Cook & Co.

## SEC filing metadata
- accession: 0001104659-22-032488
- form_type: 8-K
- ticker: INN
- cik: 0001497645
- company_name: Summit Hotel Properties, Inc.
- filed_at: 2022-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497645/000110465922032488/0001104659-22-032488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497645/000110465922032488/tm228887d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-032488
- JSON: https://secwatch.observer/filing/0001104659-22-032488.json
- Plain text: https://secwatch.observer/filing/0001104659-22-032488.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.