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

Kristian M. Gathright, a director at Apple Hospitality REIT, acquired 1,787 common shares as part of his quarterly retainer fee.

Summary

• On February 29, 2024, Kristian M. Gathright, a director of Apple Hospitality REIT, Inc. (APLE), acquired 1,787 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 $16.09 per share, which was the closing price of APLE's common shares on the New York Stock Exchange on that date.
• Following the transaction, Gathright directly owns 984,635 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. The director's acquisition of shares as part of their compensation package is a routine event and signals alignment with shareholder interests. There are no indications of negative news or concerns.

Positives

• The director's acquisition of shares demonstrates confidence in the company.
• The acquisition is part of a pre-determined compensation plan, reducing concerns about insider trading.

Industry Context

Director share acquisitions are common and often viewed positively as they align the interests of management with those of shareholders. This transaction is part of a regular compensation plan, which is a standard practice.

Comparison to Industry Standards

• Director compensation packages often include equity components to incentivize long-term value creation.
• The size of the equity grant is typical for board retainers in similar-sized REITs.
• Comparing this transaction to similar REITs, such as Park Hotels & Resorts (PK) or Host Hotels & Resorts (HST), would provide a benchmark for director compensation practices.

Stakeholder Impact

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

Key Dates