Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-04-17

Braemar Hotels & Resorts Inc. (BHR)

Fiscal year 2024 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,029,286
Richard Stockton total, FY2024
1st
CEO pay percentile vs peers
CEO-to-median pay ratio
78.95%
Say-on-pay support, latest vote
Companies that benchmark against BHR
1 company names BHR as a compensation peer

Each company listed discloses BHR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BHR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Richard Stockton$0$0$0$0$0$0$2,029,286$2,029,286
President and Chief Executive Officer
Deric Eubanks000000971,325971,325
Chief Financial Officer and Treasurer
Alex Rose000000663,582663,582
Executive Vice President General Counsel and Secretary
Justin Coe00000070,06870,068
Chief Accounting Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Richard Stockton$2,029,286$1,997,705$1,654,662+31,581
Deric Eubanks971,3251,008,526798,633−37,201
Alex Rose663,582691,767322,031−28,185
Justin Coe70,068

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2024 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Deric EubanksCFO and Treasurer2026-02-24D88,747Derivative, Class A CommonForm 4 ↗
Richard StocktonDirector2026-02-24D176,295Derivative, Class A CommonForm 4 ↗
Monty J. BennettDirector2026-02-24A123,477CommonForm 4 ↗
Monty J. BennettDirector2026-02-24D352,590Derivative, Class A CommonForm 4 ↗
Monty J. BennettDirector2026-02-24D123,477.15Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Richard StocktonPSU88,148$264,443
Alex RoseRSU81,128246,520
Alex RosePSU33,617100,850
Deric EubanksPSU44,374133,121
05

Incentive-plan design — the Compensation Discussion & Analysis

The objectives of our equity compensation program are to: (i) motivate our executive officers to achieve the Company's business and strategic objectives; (ii) align the interests of key leadership with the long-term interests of the Company's stockholders; and (iii) provide rewards and incentives, without excessive risk taking, in order to attract, retain and motivate our executive officers to perform in the best interests of the Company and its stockholders.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantGressle & McGinley
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-12-1532,041,4238,540,9152,528,71578.95%Passed
20242024-12-1736,114,10313,294,9512,554,17873.09%Passed
20232023-05-1036,504,5353,264,3571,676,64591.79%Passed
20222022-05-1131,037,6282,469,0113,270,14892.63%Passed
20212021-05-1110,824,2611,603,839119,22287.1%Passed
20202020-05-1420,894,105827,14835,17996.19%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-12-1578.95%a
20242024-12-1773.09%b
20232023-05-1091.79%c

a. Approved under the standard stated in the filing — “Under the terms of our charter and bylaws, in uncontested elections of directors of our Company, a nominee is elected as a director by the affirmative vote of a majority of the votes cast in the election for that nominee (with abstentions and broker non-votes not counted as a vote cast either for or against that director's election) at the meeting of stockholders at which such election occurs.”.

b. Approved under the standard stated in the filing — “Under the terms of our charter and bylaws, in uncontested elections of directors of our Company, a nominee is elected as a director by the affirmative vote of a majority of the votes cast in the election for that nominee (with abstentions and broker non-votes not counted as a vote cast either for or against that director's election) at the meeting of stockholders at which such election occurs.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will not be included in the vote totals and will not be considered as "votes cast," and accordingly will have no effect on the outcome of, Proposals 1 through 4.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Monty J. BennettNot independent · Board Chair$0$0$0$0$2,367,347$2,367,347
Stefani D. CarterIndependent · Nominating and Corporate Governance (Chair) · Related Party Transactions198,35542,089000240,443
Kenneth H. Fearn, Jr.Independent · Audit (Chair)173,35542,089000215,443
Abteen VaziriIndependent · Related Party Transactions (Chair) · Audit · Nominating/Governance158,60542,089000200,693
Matthew D. RinaldiIndependent · Compensation (Chair) · Related Party Transactions113,50042,089000155,589
Rebeca Odino-JohnsonIndependent · Audit · Related Party Transactions (Chair)112,50042,089000154,589
Candace EvansIndependent · Audit · Nominating and Corporate Governance69,50042,089000111,589
Jay ShahIndependent27,01029,54600056,556
Rebecca MusserIndependent · Audit (Chair)017,62800017,628
Richard StocktonNot independent0000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 15,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$852,825
Equity awards (grant-date value)$299,708
All other compensation$2,367,347
Total cost of the board$3,519,880

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2024

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Braemar Hotels & Resorts Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Braemar Hotels & Resorts Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Host Hotels2025James Risoleo$1,100,000$9,569,880$0$3,697,100$14,835,223
2Park Hotels2025Thomas Baltimore Jr.1,100,0005,967,30702,661,5059,729,412
3RLJ Lodging Trust2025Leslie Hale882,0006,900,25001,622,1169,460,014
4Xenia Hotels2025Marcel Verbaas900,0004,264,49001,863,1387,048,188
5Pebblebrook Hotel Trust2025Jon Bortz840,0003,592,19302,085,0006,589,254
6DiamondRock Hospitality Company2025Jeffrey Donnelly750,0004,086,87701,582,2816,433,158
7Summit Hotel Properties, Inc2025Jonathan Stanner800,0003,747,7000900,0005,461,700
8Chatham Lodging Trust2025Jeffrey Fisher670,0002,854,16801,082,0005,222,872
9Sunstone Hotel Investors, Inc2025Bryan Giglia700,0002,755,9930948,2814,516,098
10Braemar Hotels & Resorts Inc.2024Richard Stockton00002,029,286

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Braemar Hotels & Resorts Inc.not disclosednot disclosedNoGressle & McGinley
Chatham Lodging Trust92%LTIP Units 100Yes — Relative TSR vs. Lodging/Resort REIT constituents of the FTSE Nareit All REITs IndexFerguson Partners Consulting L.P.
DiamondRock Hospitality Company141%PSU 60 · RSU 40NoFrederic W. Cook & Co., Inc.
Host Hotelsnot disclosedPSU 60 · RSU 40Yes — Relative TSRPay Governance
Park Hotels138%PSU 65 · RSU 35Yes — Relative Total Stockholder Return (TSR) vs. FTSE Nareit Lodging/Resorts IndexFerguson Partners Consulting L.P.
Pebblebrook Hotel Trust150%PSU 60 · LTIP Units 40Yes — Relative TSRnot disclosed
RLJ Lodging Trust105.1%RSU 50 · PSU 50Yes — Relative TSRFerguson Partners
Summit Hotel Properties, Inc75%PSU 60 · RSU 40NoFW Cook
Sunstone Hotel Investors, Incnot disclosedPSU 75 · RSU 25Yes — Relative Total Stockholder Return (RTSR) vs FTSE Nareit Lodging/Resorts Index (over $500 Million Market Cap)Ferguson Partners Consulting (FPC)
Xenia Hotels207%LTIP Units 100Yes — Absolute TSRFPC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Braemar Hotels & Resorts Inc. in fiscal 2024?
Richard Stockton, President and Chief Executive Officer, was the highest-paid executive at Braemar Hotels & Resorts Inc. in fiscal 2024 with total compensation of $2,029,286.
How does Braemar Hotels & Resorts Inc.'s chief executive pay compare to its disclosed peer group?
The company reported that Richard Stockton's pay fell in the 1st percentile of its disclosed peer group.
What is Braemar Hotels & Resorts Inc.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was not disclosed in this extract.
How did shareholders vote on Braemar Hotels & Resorts Inc.'s executive compensation?
Shareholders voted to approve executive compensation with 78.95% support in the latest vote.
How much does Braemar Hotels & Resorts Inc. spend in total on board compensation for fiscal 2024?
The filing shows total board compensation for fiscal 2024 was $3,519,880.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Richard StocktonDEF 14A2025-10-300001574085-25-000111Section “Summary Compensation Table” · page 29. As printed: 2,029,286. Filing ↗machine: span 495339–495348
2Section 01, Deric EubanksDEF 14A2025-10-300001574085-25-000111Section “Summary Compensation Table” · page 29. As printed: 971,325. Filing ↗machine: span 503516–503523
3Section 01, Alex RoseDEF 14A2025-10-300001574085-25-000111Section “Summary Compensation Table” · page 29. As printed: 663,582. Filing ↗machine: span 511673–511680
4Section 01, Justin CoeDEF 14A2025-10-300001574085-25-000111Section “Summary Compensation Table” · page 29. As printed: 70,068. Filing ↗machine: span 520069–520075
5Section 08, Monty J. BennettDEF 14A2025-10-300001574085-24-000039Section “Director Compensation”. As printed: 2,367,347. Filing ↗
6Section 08, Stefani D. CarterDEF 14A2025-10-300001574085-24-000039Section “Director Compensation”. As printed: 240,443. Filing ↗
7Section 08, Kenneth H. Fearn, Jr.DEF 14A2025-10-300001574085-24-000039Section “Director Compensation”. As printed: 215,443. Filing ↗
8Section 08, Abteen VaziriDEF 14A2025-10-300001574085-24-000039Section “Director Compensation”. As printed: 200,693. Filing ↗
9Section 08, Matthew D. RinaldiDEF 14A2025-10-300001574085-24-000039Section “Director Compensation”. As printed: 155,589. Filing ↗
10Section 08, Rebeca Odino-JohnsonDEF 14A2025-10-300001574085-24-000039Section “Director Compensation”. As printed: 154,589. Filing ↗
11Section 08, Candace EvansDEF 14A2025-10-300001574085-24-000039Section “Director Compensation”. As printed: 111,589. Filing ↗
12Section 08, Jay ShahDEF 14A2025-10-300001574085-24-000039Section “Director Compensation”. As printed: 56,556. Filing ↗
13Section 08, Rebecca MusserDEF 14A2025-10-300001574085-24-000039Section “Director Compensation”. As printed: 17,628. Filing ↗
14Section 08, Richard StocktonDEF 14A2025-10-300001574085-24-000039Section “Director Compensation”. As printed: 0. Filing ↗
15Section 02, Deric Eubanks 2026-02-24Form 42026-02-260001104659-26-020764Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Richard Stockton 2026-02-24Form 42026-02-260001104659-26-020762Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Monty J. Bennett 2026-02-24Form 42026-02-260001104659-26-020759Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Monty J. Bennett 2026-02-24Form 42026-02-260001104659-26-020759Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Monty J. Bennett 2026-02-24Form 42026-02-260001104659-26-020759Insider equity transaction reported since the proxy statement. Filing ↗
20Section 06, 2025 voteForm 8-K2025-12-160001104659-25-121631Item 5.07 · say-on-pay result. As reported: 78.95% (votes for as printed: 32,041,423). Filing ↗
21Section 06, 2024 voteForm 8-K2024-12-200001574085-24-000230Item 5.07 · say-on-pay result. As reported: 73.09% (votes for as printed: 36,114,103). Filing ↗
22Section 06, 2023 voteForm 8-K2023-05-100001574085-23-000066Item 5.07 · say-on-pay result. As reported: 91.79% (votes for as printed: 36,504,535). Filing ↗
23Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
24Section 09b board cost (computed)ComputedcomputedCash 852,825 + equity 299,708 + all other 2,367,347 = 3,519,880, summed across the director compensation table rows.machine: formula: Σ = 3,519,880
25Host Hotels, Section 10b CEO totalDEF 14A2026-04-080001070750-26-000062CEO total compensation as printed in Host Hotels's own proxy. As printed: 14,835,223. Filing ↗machine: r6 · c10 · span 2451418–2451428
26Park Hotels, Section 10b CEO totalDEF 14A2026-03-120001617406-26-000021CEO total compensation as printed in Park Hotels's own proxy. As printed: 9,729,412. Filing ↗machine: r4 · c17 · span 2212468–2212477
27RLJ Lodging Trust, Section 10b CEO totalDEF 14A2026-03-230001104659-26-033293CEO total compensation as printed in RLJ Lodging Trust's own proxy. As printed: 9,460,014. Filing ↗machine: t103 · r4 · c36 · span 1609030–1609039
28Xenia Hotels, Section 10b CEO totalDEF 14A2026-03-310001628280-26-022425CEO total compensation as printed in Xenia Hotels's own proxy. As printed: 7,048,188. Filing ↗machine: span 682839–682848
29Pebblebrook Hotel Trust, Section 10b CEO totalDEF 14A2026-04-170001474098-26-000030CEO total compensation as printed in Pebblebrook Hotel Trust's own proxy. As printed: 6,589,254. Filing ↗machine: t79 · r2 · c12 · span 636311–636320
30DiamondRock Hospitality Company, Section 10b CEO totalDEF 14A2026-03-160001298946-26-000019CEO total compensation as printed in DiamondRock Hospitality Company's own proxy. As printed: 6,433,158. Filing ↗machine: r3 · c21 · span 748955–748964
31Summit Hotel Properties, Inc, Section 10b CEO totalDEF 14A2026-04-010001497645-26-000031CEO total compensation as printed in Summit Hotel Properties, Inc's own proxy. As printed: 5,461,700. Filing ↗machine: r2 · c36 · span 470625–470634
32Chatham Lodging Trust, Section 10b CEO totalDEF 14A2026-03-310001437749-26-010650CEO total compensation as printed in Chatham Lodging Trust's own proxy. As printed: 5,222,872. Filing ↗machine: span 588604–588614
33Sunstone Hotel Investors, Inc, Section 10b CEO totalDEF 14A2026-03-180001104659-26-031060CEO total compensation as printed in Sunstone Hotel Investors, Inc's own proxy. As printed: 4,516,098. Filing ↗machine: t176 · r5 · c12 · span 1215367–1215376
34Braemar Hotels & Resorts Inc. (subject), Section 10b CEO totalDEF 14A2025-10-300001574085-25-000111CEO total compensation as printed in Braemar Hotels & Resorts Inc.'s own proxy. As printed: 2,029,286. Filing ↗machine: span 495339–495348
35Section 10a, Chatham Lodging Trust reciprocityDEF 14A0001437749-26-010650Chatham Lodging Trust's most recent proxy was read; its disclosed peer group does not include Braemar Hotels & Resorts Inc.. Filing ↗
36Section 10a, Pebblebrook Hotel Trust reciprocityDEF 14A0001474098-26-000030Pebblebrook Hotel Trust's most recent proxy was read; its disclosed peer group does not include Braemar Hotels & Resorts Inc.. Filing ↗
37Section 10a, RLJ Lodging Trust reciprocityDEF 14A0001104659-26-033293RLJ Lodging Trust's most recent proxy was read; its disclosed peer group does not include Braemar Hotels & Resorts Inc.. Filing ↗
38Section 10a, Park Hotels reciprocityDEF 14A0001617406-26-000021Park Hotels's most recent proxy was read; its disclosed peer group does not include Braemar Hotels & Resorts Inc.. Filing ↗
39Section 10a, Sunstone Hotel Investors, Inc reciprocityDEF 14A0001104659-26-031060Sunstone Hotel Investors, Inc's most recent proxy was read; its disclosed peer group does not include Braemar Hotels & Resorts Inc.. Filing ↗
40Section 10a, Summit Hotel Properties, Inc reciprocityDEF 14A0001497645-26-000031Summit Hotel Properties, Inc's most recent proxy was read; its disclosed peer group does not include Braemar Hotels & Resorts Inc.. Filing ↗
41Section 10a, Xenia Hotels reciprocityDEF 14A0001628280-26-022425Xenia Hotels's most recent proxy was read; its disclosed peer group does not include Braemar Hotels & Resorts Inc.. Filing ↗
42Section 10a, DiamondRock Hospitality Company reciprocityDEF 14A0001298946-26-000019DiamondRock Hospitality Company's most recent proxy was read; its disclosed peer group does not include Braemar Hotels & Resorts Inc.. Filing ↗