Did Baymont Inn Suites grant any stock options in 2024?

According to Baymont Inn Suites's 2025 Franchise Disclosure Document, the company did not grant any stock options in 2024. The document states explicitly that "There were no stock options granted in 2024 or 2023." This information is part of a larger discussion about stock-based compensation, indicating that while stock options were not granted, other forms of incentive equity awards were issued to key employees and senior officers. These awards included Restricted Stock Units (RSUs) and Performance-vesting Restricted Stock Units (PSUs).

In 2024, Baymont Inn Suites granted incentive equity awards totaling $36 million in the form of RSUs, which generally vest ratably over four years based on continuous service. Additionally, the company approved PSUs with a maximum grant value of $18 million. These PSUs typically vest on the third anniversary of the grant date, with the number of shares earned dependent on the company's achievement of certain performance metrics, ranging from 0% to 200% of the target award.

The FDD provides further details on stock-based compensation expense, which was $45 million in 2024, $39 million in 2023, and $33 million in 2022. This expense includes $2 million recorded within both restructuring costs and transaction-related costs in 2024. The RSUs outstanding as of December 31, 2024, have an aggregate unrecognized compensation expense of $48 million, expected to be recognized over a weighted average period of 2.5 years. The PSUs outstanding as of the same date have a maximum potential unrecognized compensation expense of $22 million, which may be recognized over a weighted average period of 1.8 years based on the attainment of targets.