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

Kristian M. Gathright, a director at Apple Hospitality REIT, acquired 1,991 common shares as part of his quarterly retainer fee and indirectly owns 70 shares through his son.

Summary

• On August 30, 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 price per share was $14.44, which was the closing price on the New York Stock Exchange on that date.
• Following the transaction, Gathright directly owns 988,617 common shares.
• Gathright also indirectly owns 70 common shares through his son, but disclaims beneficial ownership of these shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. There's no indication of significant positive or negative implications.

Positives

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction reflects standard compensation practices for board members.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a standard part of director compensation.

Key Dates