Form 4: Apple Hospitality CFO Sells Shares for Tax Obligations

Apple Hospitality REIT's SVP & CFO, Elizabeth Perkins, disposed of 14,650 common shares to cover tax withholding obligations related to restricted stock vesting.

Summary

• Elizabeth Perkins, SVP & Chief Financial Officer of Apple Hospitality REIT, Inc. (APLE), reported a transaction on December 12, 2025.
• She disposed of 14,650 common shares at a price of $12.12 per share.
• This disposition was made to satisfy tax withholding obligations associated with the vesting of restricted common shares.
• Following this transaction, Ms. Perkins directly beneficially owns 347,994 common shares.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The transaction is a routine tax-related disposition following restricted stock vesting, indicating a compensation event rather than a discretionary sale. It does not signal negative sentiment from the insider regarding the company's prospects.

Positives

• The transaction reflects the vesting of restricted common shares, indicating a compensation event for the executive.
• The disposition was non-discretionary, solely for tax withholding purposes, rather than a sale for personal gain or due to lack of confidence in the company.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as it reports a past transaction.

Industry Context

This is a routine insider transaction disclosure common across all industries for publicly traded companies when executives' restricted stock vests and shares are withheld for tax purposes. It does not provide broader industry-specific context or trends.

Comparison to Industry Standards

• The transaction is a standard Form 4 filing for an insider's disposition of shares to cover tax withholding, a common practice in executive compensation plans across public companies.
• The reported beneficial ownership of 347,994 shares by a Chief Financial Officer is within typical ranges for executives at REITs of similar market capitalization, reflecting a significant stake in the company.

Related Party Transactions

• Disposition of 14,650 common shares to Apple Hospitality REIT, Inc. to satisfy tax withholding obligations related to the vesting of restricted common shares.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction related to executive compensation, not a sale driven by a change in company fundamentals or executive confidence.
• Employees: No direct impact on the broader employee base is indicated by this specific transaction.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary disposition of shares by a key executive to cover tax obligations upon restricted stock vesting. It does not indicate any change in the company's fundamentals or the executive's confidence in the company, thus providing no basis for a change in investment recommendation.

Keywords

Apple Hospitality REIT, APLE, Elizabeth Perkins, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock, CFO, Beneficial Ownership