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

Kristian M. Gathright, a director of Apple Hospitality REIT, acquired 1,941 common shares as part of his quarterly retainer fee.

Summary

• On February 28, 2025, Kristian M. Gathright, a director of Apple Hospitality REIT, Inc., acquired 1,941 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 $14.81 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 991,974 common shares and indirectly owns 70 shares through his son.
• Gathright disclaims beneficial ownership of the shares held by his son.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares as part of their compensation is generally a good sign, indicating alignment with shareholder interests. However, it's a routine transaction and not a major event.

Positives

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

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 standard compensation practice for board members.

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 typical for board members of REITs with similar market capitalizations.

Stakeholder Impact

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

Key Dates