secwatch.observer — SEC 8-K summary
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Issuer:     DiamondRock Hospitality Co (DRH)
CIK:        0001298946
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0001298946-24-000086
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DiamondRock Hospitality EVP/General Counsel William Tennis to retire June 30, 2024
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- EVP, General Counsel & Corporate Secretary William Tennis retires June 30, 2024; provides consulting through Dec 31, 2024.
- Receives $236,000 pro-rata bonus for 2024 based on target bonus; health coverage continued through Dec 31, 2024 or COBRA end.
- Unvested restricted stock and LTIP units from 2022 and 2024 awards vest immediately on retirement date.
- Outstanding PSU awards (2022, 2023, 2024) remain eligible; shares issued at target at end of performance period.
- Retirement agreement includes standard release, non-compete, non-solicitation, non-disclosure, and non-disparagement covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1298946/000129894624000086/0001298946-24-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1298946/000129894624000086/drh-20240531.htm
  HTML page:      https://secwatch.observer/filing/0001298946-24-000086

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