Summit Hotel Properties Inc.

11/02/2026 | Press release | Distributed by Public on 11/02/2026 16:27

Initial Statement of Beneficial Ownership (Form 3)

FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Wudel Adam Daniel
2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2026
3. Issuer Name and Ticker or Trading Symbol
Summit Hotel Properties, Inc. [INN]
(Last) (First) (Middle)
13215 BEE CAVE PARKWAY, SUITE B-300
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP & Chief Operating Officer
5. If Amendment, Date Original Filed (Month/Day/Year)
(Street)
AUSTIN, TX 78738
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 212,706(1) D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Wudel Adam Daniel
13215 BEE CAVE PARKWAY
SUITE B-300
AUSTIN, TX 78738
EVP & Chief Operating Officer

Signatures

/s/ Christopher R. Eng, as Attorney-in-Fact 11/02/2026
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 92,323 shares are beneficially owned by the reporting person. The reporting person also holds 63,620 unvested restricted service-based shares granted under the Issuers equity incentive plan, vesting subject to continued employment on March 9, 2027 (17,177 shares), September 15, 2027 (21,980 shares), March 9, 2028 (13,377 shares), and March 9, 2029 (11,086 shares). The reporting person also holds 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 the Issuers cumulative TSR 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. Such shares may convert from 25% to 200% of target based on TSR performance.

Remarks:
See Power of Attorney - Exhibit 24.1
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
Summit Hotel Properties Inc. published this content on November 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on November 02, 2026 at 22:27 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]