Form 4: Apple Hospitality COO's Routine Share Disposition

Apple Hospitality REIT's SVP & COO, Karen Catherine Gallagher, disposed of 13,654 common shares to cover tax withholding obligations related to restricted stock vesting.

Summary

• Karen Catherine Gallagher, SVP & Chief Operating Officer of Apple Hospitality REIT, Inc. (APLE), reported a disposition of common shares.
• On December 12, 2025, 13,654 common shares were surrendered to the company.
• The shares were surrendered at a price of $12.12 per share.
• This transaction was to satisfy tax withholding obligations associated with the vesting of restricted common shares.
• Following this transaction, Ms. Gallagher directly beneficially owns 346,068 common shares.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction related to equity compensation and tax obligations, not indicative of a change in sentiment towards the company.

Positives

• The transaction is a routine event related to the vesting of restricted stock, indicating previously granted equity compensation is maturing.

Negatives

• A reduction in direct beneficial ownership of 13,654 common shares.

Future Outlook

NA

Industry Context

This is a routine insider transaction common across all industries when restricted stock vests, and executives need to cover tax liabilities. It does not reflect broader industry trends.

Comparison to Industry Standards

• This type of transaction (shares surrendered for tax withholding upon vesting of restricted stock) is a standard practice for executive compensation in publicly traded companies across various industries.
• It aligns with typical equity compensation structures and is a common mechanism for managing tax liabilities arising from equity awards.
• No specific comparable companies, projects, or results are mentioned in the filing to allow for a direct comparative assessment beyond general industry practice.

Stakeholder Impact

• Shareholders: Minimal impact. This is a routine, non-discretionary transaction for tax purposes and does not signal a change in the executive's long-term commitment or view of the company's prospects.
• Employees: No direct impact.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Keywords

Apple Hospitality REIT, APLE, Karen Catherine Gallagher, insider transaction, Form 4, share disposition, tax withholding, restricted stock vesting, officer transaction