Wirth, InnsSuites Hospitality CEO, sells $145.07 million in IHT stock

Published 23/10/2025, 22:32
Wirth, InnsSuites Hospitality CEO, sells $145.07 million in IHT stock

James F. Wirth, President and CEO of InnsSuites Hospitality Trust (NASDAQ:IHT), sold 10000 shares of company stock on October 21, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as the stock has declined over 41% in the past six months, according to InvestingPro data.

The shares were sold at a price of $14507.0, for a total transaction value of $145070000. Following the transaction, Wirth directly owns 6149296 shares of InnsSuites Hospitality Trust. InvestingPro analysis shows the company currently trades at a high Price/Book multiple of 4.38x, with concerning financial health indicators including negative returns on assets of -9.71%. InvestingPro subscribers have access to 10 additional key insights about IHT’s financial position and market performance.

In other recent news, InnSuites Hospitality Trust announced the results of its 2025 Annual Meeting of Shareholders. During the meeting, shareholders elected James F. Wirth and Leslie T. Kutasi as trustees. Wirth received 6,797,769 votes in favor, while 8,556 were against, and there were 366,117 abstentions. Kutasi garnered 6,446,530 votes in favor, with 353,235 against, and 372,677 abstentions. A total of 7,172,442 shares were present in person or by proxy, fulfilling the requirement for a quorum. Additionally, InnSuites Hospitality Trust declared a dividend, as stated in their SEC filing. These developments reflect the company’s ongoing governance and shareholder engagement activities.

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