Form 4: Apple Hospitality REIT CFO Sells Shares to Cover Tax Obligations

Elizabeth Perkins, SVP & Chief Financial Officer of Apple Hospitality REIT, sold 24,271 common shares to cover tax obligations related to vesting restricted shares.

Summary

• Elizabeth Perkins, the SVP & Chief Financial Officer of Apple Hospitality REIT, sold 24,271 common shares on December 13, 2024.
• The sale was executed at a price of $16.05 per share.
• This transaction was to satisfy tax withholding obligations associated with the vesting of restricted common shares.
• Following the transaction, Perkins directly owns 289,599 common shares.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Similar transactions are common among executives in publicly traded companies, particularly when dealing with restricted stock units.
• Many companies use restricted stock as part of their compensation packages, and the vesting of these shares often triggers tax liabilities, leading to similar sales by executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Apple Hospitality REIT, APLE, Elizabeth Perkins, insider trading, Form 4, tax obligations, share sale, restricted shares, CFO