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

Director Carolyn B Handlon acquired 1,787 common shares of Apple Hospitality REIT at $16.09 per share as part of her quarterly retainer fee.

Summary

• On February 29, 2024, Carolyn B Handlon, a director of Apple Hospitality REIT, Inc., acquired 1,787 common shares of the company.
• The shares were acquired at a price of $16.09 per share.
• This acquisition was part of the quarterly payment of the equity component of her quarterly retainer fee for serving on the Board of Directors.
• Following the transaction, Handlon directly owns 7,405 common shares.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive equity as part of their compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small number of shares compared to the total outstanding.

Key Dates