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

Director Glenn W. Bunting Jr. acquired 1,991 common shares of Apple Hospitality REIT as part of his quarterly retainer fee.

Summary

• On August 30, 2024, Glenn W. Bunting Jr., a director of Apple Hospitality REIT, Inc. acquired 1,991 common shares of the company.
• The acquisition was part of the quarterly payment of the equity component of his quarterly retainer fee for serving on the Board of Directors.
• The shares were acquired at a price of $14.44 per share, which was the closing price on the New York Stock Exchange on that date.
• Following the transaction, Bunting directly owns 56,219 common shares and indirectly owns 10,549 shares through his spouse.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation.

Positives

• The director's acquisition of shares demonstrates confidence in the company's future.

Industry Context

Directors commonly receive equity as part of their compensation, aligning their interests with shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholder confidence due to the director's increased stake in the company.

Key Dates