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

Kristian M. Gathright, a director of Apple Hospitality REIT, acquired 1,991 common shares as part of his quarterly retainer fee.

Summary

• On May 31, 2024, Kristian M. Gathright, a director of Apple Hospitality REIT, acquired 1,991 common shares of the company.
• The acquisition was part of the quarterly payment of the equity component of his 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, Gathright directly owns 986,626 common shares.
• Gathright also indirectly owns 70 common shares through his son, but disclaims beneficial ownership of these shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares is generally a good sign, indicating confidence in the company. However, this is part of a regular compensation package, so it's not a major event.

Positives

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

Industry Context

Director share acquisitions are common and often viewed positively as they align management's interests with those of shareholders. This transaction is part of a regular compensation arrangement.

Comparison to Industry Standards

• Director compensation packages often include equity components to align their interests with shareholders, similar to practices at companies like Host Hotels & Resorts (HST) and Park Hotels & Resorts (PK).
• The size of the equity grant is relatively small compared to the overall holdings of the director, which is typical for retainer-based equity compensation.

Stakeholder Impact

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

Key Dates