Form 4: Apple Hospitality REIT Director Acquires Shares as Part of Quarterly Retainer

Glenn W. Bunting Jr., a director at Apple Hospitality REIT, acquired 1,785 common shares as part of his quarterly retainer.

Summary

• Glenn W. Bunting Jr., a director of Apple Hospitality REIT, acquired 1,785 common shares on November 29, 2024.
• The shares were acquired as part of the quarterly payment of the equity component of his retainer fee for serving on the Board of Directors.
• The price per share was $16.11, which was the closing price on the New York Stock Exchange on November 29, 2024.
• Following the transaction, Mr. Bunting directly owns 58,004 common shares and indirectly owns 10,549 shares through his spouse.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of equity as part of director compensation aligns the director's interests with those of shareholders.

Industry Context

This is a routine transaction related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Director compensation often includes equity to align interests with shareholders, which is a standard practice in the REIT industry.
• Many REITs use a combination of cash and equity for director compensation, similar to Apple Hospitality REIT.

Stakeholder Impact

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

Key Dates

Keywords

Apple Hospitality REIT, Director Share Acquisition, Form 4, Equity Compensation, Glenn W. Bunting Jr., APLE