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

Director Howard E. Woolley acquired common shares and deferred stock units in Apple Hospitality REIT, Inc. on May 31, 2024.

Summary

• On May 31, 2024, Howard E. Woolley, a director of Apple Hospitality REIT, Inc., acquired 1,991 common shares at a price of $14.44 per share.
• Following this transaction, Woolley directly owns 16,530.727 common shares.
• Woolley also acquired 322 deferred stock units, each economically equivalent to one share of common stock.
• These deferred stock units were granted pursuant to dividend equivalent rights on previously awarded units under the Amended and Restated Non-Employee Director Deferral Program.
• Following the transaction, Woolley directly owns 19,668 deferred stock units.
• 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 as defined under the Deferral Plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of insider transactions. The acquisition could be seen as slightly positive, but it's not a major event.

Positives

• The director's acquisition of shares and deferred stock units could be interpreted as a sign of confidence in the company's future prospects.

Future Outlook

The deferred stock units are payable in the future, either on 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 are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Director share acquisitions are a common occurrence in publicly listed REITs.
• Comparing the size of this acquisition to similar transactions by directors in comparable REITs like Host Hotels & Resorts (HST) or Park Hotels & Resorts (PK) could provide context.
• The terms of the Deferred Stock Unit program are typical for director compensation in the REIT industry.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment.

Key Dates