If your shares are registered directly in your name with the Company’s transfer agent, Computershare, you are considered a registered, or direct, shareholder of those shares (also sometimes referred to as a “shareholder of record”).
If your shares are held in a brokerage account at a bank, broker, or custodian, you are considered the beneficial owner of those shares.
Consistent with other publicly-traded companies, most Xenia Hotels & Resorts shareholders today hold their shares in brokerage accounts, as this form of ownership may provide advantages such as monthly account statements and other account services that are not available to registered shareholders.