Form 4: Apple Hospitality REIT Director Acquires Deferred Stock Units

Director Hugh Redd acquired 1,785 deferred stock units and 419 dividend equivalent units in Apple Hospitality REIT, Inc.

Summary

• Director Hugh Redd acquired 1,785 deferred stock units on November 29, 2024, under the company's Amended and Restated Non-Employee Director Deferral Program.
• These units are economically equivalent to common stock and were granted as part of a voluntary deferred compensation plan.
• Additionally, 419 deferred stock units were granted as dividend equivalents on previously awarded units.
• The price of the underlying common shares for these units was $16.11.
• Following these transactions, Mr. Redd now holds 30,322 deferred stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a neutral to slightly positive sentiment due to the director's increased stake in the company.

Positives

• The acquisition of deferred stock units by a director demonstrates confidence in the company's future performance.
• The dividend equivalent units suggest a commitment to rewarding long-term holdings.

Future Outlook

The deferred stock units are generally payable on the earlier of a date elected by the reporting person or upon death, disability, or change in control.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded REITs. It reflects standard compensation practices for non-employee directors.

Comparison to Industry Standards

• Deferred stock unit grants are a common form of compensation for directors in publicly traded companies, including REITs.
• Many REITs use similar deferral programs to align director interests with long-term shareholder value.
• The specific terms of the deferral plan, such as vesting schedules and payout triggers, are typical for the industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.

Key Dates

Keywords

Deferred Stock Units, Director Compensation, Apple Hospitality REIT, APLE, Insider Trading, Dividend Equivalents, Non-Employee Director Deferral Program