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 May 31, 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 of the company's common shares on the New York Stock Exchange on that date.
• Following the transaction, Bunting directly owns 54,228 common shares and indirectly owns 10,549 shares through his spouse.

Sentiment

Score: 6

Explanation: The sentiment is neutral. 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 receiving equity as part of their compensation is a common practice in publicly traded companies, aligning their interests with those of shareholders.

Stakeholder Impact

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

Key Dates