Form 4: Apple Hospitality REIT Director Acquires and Transfers Shares
SEC Form 4 Filing
Blythe J. McGarvie, a director of Apple Hospitality REIT, acquired shares as part of her quarterly retainer and transferred shares to a trust.
Summary
- On February 28, 2025, Blythe J. McGarvie, a director of Apple Hospitality REIT, acquired 1,941 common shares as part of her quarterly retainer fee.
- The acquisition price was $14.81 per share.
- On the same day, Ms. McGarvie transferred 1,941 shares to a trust where she serves as trustee and beneficiary.
- Following these transactions, Ms. McGarvie directly owns 15,935 common shares and indirectly owns 45,113 common shares through the trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a director's share transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the director's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of share acquisition and transfer to trust |
| 03/04/2025 | Date of signature on the Form 4 filing |
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