Form 4: Apple Hospitality REIT CEO Executes Share Transactions

Apple Hospitality REIT's CEO, Justin G. Knight, engaged in multiple share transactions on December 9, 2024, involving both direct holdings and shares held through related entities.

Summary

• On December 9, 2024, Justin G. Knight, CEO of Apple Hospitality REIT, executed several transactions involving the company's common shares.
• These transactions included the acquisition of 30,000 shares and 6,000 shares, both at a price of $0.00 per share.
• Additionally, the filing indicates that Mr. Knight has indirect ownership of 32,807 shares through the J. Knight Generation Skipping Irrevocable Trust, 304,504 shares through JAMN Limited Partnership, LLP, and 9,837,031 shares through a closely held LLC.
• The reporting person disclaims beneficial ownership of the reported shares to the extent the shares reported exceed the reporting person's pecuniary interest in such shares.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of insider transactions. It doesn't indicate positive or negative sentiment, but rather a routine reporting requirement.

Management Comments

• The reporting person disclaims beneficial ownership of the reported shares to the extent the shares reported exceed the reporting person's pecuniary interest in such shares.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of key executives.

Comparison to Industry Standards

• The reporting of insider transactions is a standard practice for all publicly listed companies, including REITs like Apple Hospitality.
• The specific details of the transactions, such as the $0.00 price, suggest these were not open market purchases but rather transfers or grants, which is not uncommon for executive compensation or estate planning purposes.
• Other REITs such as Host Hotels & Resorts (HST) and Park Hotels & Resorts (PK) also regularly disclose similar insider transactions.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, as they are primarily related to internal transfers and grants rather than open market purchases.
• The disclosure provides transparency to stakeholders regarding the CEO's shareholdings.

Key Dates

Keywords

Apple Hospitality REIT, APLE, Justin G. Knight, share transactions, common shares, insider trading, beneficial ownership