Form 4: Apple Hospitality REIT Director Acquires Shares and Deferred Stock Units

Director Howard E. Woolley acquired 1,785 common shares and 298 deferred stock units of Apple Hospitality REIT on November 29, 2024.

Summary

• Howard E. Woolley, a director at Apple Hospitality REIT, acquired 1,785 common shares at a price of $16.11 per share on November 29, 2024.
• The director also received 298 deferred stock units, which are economically equivalent to common shares.
• These deferred stock units were granted as dividend equivalents on previously awarded units.
• The deferred stock units are payable under the Deferral Plan on the earlier of the date elected by the reporting person or upon death, disability, or change in control.
• The per share value is based on the closing price of the company's common shares on the New York Stock Exchange on November 29, 2024.

Sentiment

Score: 6

Explanation: The document reflects a routine insider transaction, which is neither particularly positive nor negative. The acquisition of shares by a director is a positive sign, but it is a regular occurrence.

Positives

• The acquisition of shares by a director may signal confidence in the company's future performance.
• The receipt of deferred stock units as dividend equivalents indicates a continued investment in the company's long-term success.

Industry Context

This filing is a routine disclosure of insider transactions, which is common in the real estate investment trust (REIT) sector. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Insider trading disclosures are a standard practice for all publicly traded companies, including REITs like Apple Hospitality.
• The transaction is typical of director compensation, which often includes equity-based awards.
• The share price of $16.11 is a specific data point for this transaction, and would need to be compared to other REITs to determine if it is high or low.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence in the company.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Apple Hospitality REIT, Director, Howard E. Woolley, Share Acquisition, Deferred Stock Units, Dividend Equivalents, Insider Trading, APLE