The estimated Net Worth of Kenneth J Kay is at least $323 mil dollars as of 27 June 2013. Mr. Kay owns over 147,000 units of Summit Hotel Properties Inc stock worth over $141,484 and over the last 16 years he sold INN stock worth over $0. In addition, he makes $181,615 as Independent Director at Summit Hotel Properties Inc.
Kenneth has made over 4 trades of the Summit Hotel Properties Inc stock since 2010, according to the Form 4 filled with the SEC. Most recently he exercised 147,000 units of INN stock worth $1,709,610 on 27 June 2013.
The largest trade he's ever made was exercising 172,000 units of Summit Hotel Properties Inc stock on 6 February 2012 worth over $2,261,800. On average, Kenneth trades about 25,842 units every 50 days since 2009. As of 27 June 2013 he still owns at least 22,211 units of Summit Hotel Properties Inc stock.
You can see the complete history of Mr. Kay stock trades at the bottom of the page.
Kenneth J. Kay serves as Independent Director of the Company. Mr. Kay has been a member of the Board since July 2014. Mr. Kay is currently the Chief Financial Officer of MGM Holdings, Inc. (the parent company of Metro-Goldwyn-Mayer, Inc.), a leading entertainment company focused on the production and global distribution of film and television content. Mr. Kay is also a Managing Director of Raven LLC, an investment and advisory services firm located in Las Vegas, Nevada, a position he has held since co-founding the firm in 2012. Raven LLC provides debt and equity capital and management consulting and advisory services to small and medium sized businesses. Previously, Mr. Kay held the position of Chief Financial Officer of Las Vegas Sands Corp. (“Las Vegas Sands”) (NYSE: LVS) from December 2008 to July 2013, where he was responsible for all worldwide financial, planning, procurement, technology and risk aspects of the company. Prior to working for Las Vegas Sands, Mr. Kay was Senior Executive Vice President and Chief Financial Officer of CB Richard Ellis Group, Inc. (“CBRE”) (NYSE: CBG), a global commercial real estate services firm, from June 2002 to December 2008. Mr. Kay began his career with PricewaterhouseCoopers, primarily focusing his efforts on large, publicly owned multinational companies. After leaving public accounting, his career included senior financial and operational roles at Ameron International, Systemed Inc., Universal Studios and, just prior to CBRE, as Chief Financial Officer of Dole Food Company, Inc. (formerly NYSE: DOLE). Mr. Kay is a member of the Board of Governors of Cedars Sinai Medical Center and The Board of Advisors of the USC Leventhal School of Accounting. Mr. Kay received a B.S. degree in accounting and an M.B.A. degree from the University of Southern California. Mr. Kay is a Chartered Global Management Accountant, a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.
As the Independent Director of Summit Hotel Properties Inc, the total compensation of Kenneth Kay at Summit Hotel Properties Inc is $181,615. There are 11 executives at Summit Hotel Properties Inc getting paid more, with Daniel Hansen having the highest compensation of $5,009,720.
Kenneth Kay is 65, he's been the Independent Director of Summit Hotel Properties Inc since 2014. There are 1 older and 13 younger executives at Summit Hotel Properties Inc. The oldest executive at Summit Hotel Properties Inc is Bjorn Hanson, 68, who is the Independent Director.
Over the last 14 years, insiders at Summit Hotel Properties Inc have traded over $6,173,230 worth of Summit Hotel Properties Inc stock and bought 169,125 units worth $1,664,152 . The most active insiders traders include Kerry W Boekelheide, Daniel P Hansen, eKenneth J Kay. On average, Summit Hotel Properties Inc executives and independent directors trade stock every 124 days with the average trade being worth of $460,099. The most recent stock trade was executed by Jonathan P Stanner on 16 March 2023, trading 21,870 units of INN stock currently worth $150,903.
summit hotel properties, inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the upscale segment of the lodging industry. as of november 3, 2020, the company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.
Summit Hotel Properties Inc executives and other stock owners filed with the SEC include: