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

Carolyn B. Handlon, a director of Apple Hospitality REIT, acquired 1,991 common shares as part of her quarterly retainer fee.

Summary

• On August 30, 2024, Carolyn B. Handlon, a director of Apple Hospitality REIT, Inc., acquired 1,991 common shares of the company.
• The acquisition was part of the quarterly payment of the equity component of her 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 on the New York Stock Exchange on that date.
• Following the transaction, Handlon directly owns 11,387 common shares.

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.

Positives

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

Industry Context

Director share acquisitions are common and often viewed positively, indicating alignment of interests between management and shareholders.

Related Party Transactions

• The acquisition of shares by Carolyn B. Handlon, a director, as part of her retainer fee constitutes a related party transaction.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals confidence from a board member.

Key Dates