Form 4: APLE Director Plans Future Stock Acquisition

Apple Hospitality REIT Director Kristian M. Gathright has filed a Form 4 indicating a planned acquisition of 2,418 common shares on November 28, 2025, as part of her compensation.

Summary

• Kristian M. Gathright, a Director of Apple Hospitality REIT, Inc. (APLE), filed a Form 4 on December 2, 2023.
• The filing reports a planned acquisition of 2,418 common shares of Apple Hospitality REIT, Inc. on November 28, 2025.
• This acquisition is part of the quarterly payment of the equity component of her retainer fee for serving on the Board of Directors.
• The per share value for this planned transaction is $11.89, which is stated as the closing price for the company's common shares on the New York Stock Exchange on November 28, 2025.
• The transaction is indicated as being made pursuant to a Rule 10b5-1(c) plan, signifying a pre-arranged purchase.
• Following this planned transaction, Kristian M. Gathright will beneficially own 999,074 common shares directly.
• An additional 70 common shares are indirectly owned by her son, for which the reporting person disclaims beneficial ownership.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine, pre-planned compensation event, which is expected. The director's continued acquisition of shares, even if for compensation, shows ongoing alignment with the company's performance.

Positives

• The planned acquisition of shares by a director demonstrates continued alignment of management interests with shareholder interests.
• The transaction is part of a pre-arranged Rule 10b5-1(c) plan, indicating a structured and transparent approach to insider stock transactions.

Future Outlook

The filing details a pre-planned future transaction where Director Kristian M. Gathright is set to acquire 2,418 common shares on November 28, 2025, as part of her ongoing compensation structure. This indicates a continued commitment to the company's equity-based compensation for its board members.

Industry Context

Equity compensation for board members is a standard practice across various industries, including Real Estate Investment Trusts (REITs). This planned transaction aligns with typical corporate governance practices aimed at aligning director incentives with long-term shareholder value.

Comparison to Industry Standards

• Equity-based compensation for directors, such as the quarterly retainer fee paid in shares to Kristian M. Gathright, is a common practice in the REIT sector and broader public company landscape. This aligns director interests with those of shareholders, similar to practices seen in companies like Prologis (PLD) or Simon Property Group (SPG) where directors often receive a portion of their compensation in stock.
• The use of a Rule 10b5-1(c) plan for this planned acquisition is a standard corporate governance tool, widely adopted by executives and directors across industries to manage insider trading compliance and execute pre-scheduled stock transactions, ensuring transparency and mitigating accusations of trading on material non-public information.

Corporate Governance

Related Party Transactions

• Kristian M. Gathright indirectly owns 70 common shares through her son, though she disclaims beneficial ownership of these shares.

Stakeholder Impact

• Shareholders: The planned acquisition by a director, even as compensation, can be viewed positively as it aligns management's interests with long-term shareholder value.
• Employees: No direct impact mentioned.

Next Steps

• The actual acquisition of 2,418 common shares by Kristian M. Gathright is scheduled to occur on November 28, 2025.

Key Dates

Recommendation

This Form 4 reports a routine, pre-planned insider acquisition of shares as part of a director's compensation, scheduled for a future date. It does not contain any new material information that would significantly alter the investment thesis or warrant a change in the current investment recommendation for Apple Hospitality REIT, Inc.

Keywords

Apple Hospitality REIT, APLE, Kristian Gathright, Form 4, Insider Transaction, Director Compensation, Stock Acquisition, REIT, 10b5-1 Plan