Form 4: Apple Hospitality REIT Director Equity Grant

Jon A. Fosheim, a Director at Apple Hospitality REIT, Inc., received equity grants and reported changes in beneficial ownership on May 29, 2026.

Summary

• Director Jon A. Fosheim acquired 2,068 common shares of Apple Hospitality REIT, Inc. on May 29, 2026, valued at $14.69 per share.
• This acquisition represents a quarterly retainer fee for his services as a Board Director.
• Following this transaction, Fosheim's beneficial ownership of common shares is 61,294.934, held indirectly through a Family Trust.
• Additionally, Fosheim received 229 Deferred Stock Units (DSUs) on the same date, also valued at $14.69 per share, bringing his total indirect beneficial ownership of DSUs to 28,154.
• These DSUs were granted under the company's Non-Employee Director Deferral Program and Omnibus Incentive Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine director compensation and does not indicate significant new strategic initiatives or financial performance changes.

Positives

• Director compensation in the form of equity indicates alignment with shareholder interests.
• The acquisition of common shares by a director suggests confidence in the company's value.
• The company has a structured compensation program for its non-employee directors.

Negatives

• The filing details routine compensation rather than significant performance-based achievements.
• The value of the equity grant is tied to the stock price on a specific date, which may not reflect future performance.

Risks

• The value of the director's holdings is subject to market fluctuations in Apple Hospitality REIT's common shares.
• Deferred Stock Units have payment terms tied to specific events (death, disability, change in control) or elected dates, introducing timing uncertainty for liquidity.

Future Outlook

The filing does not contain specific forward-looking statements or guidance. The nature of Deferred Stock Units implies future payouts based on elected dates or specific events.

Management Comments

• "Quarterly payment of equity component of quarterly retainer fee for serving on the Board of Directors of Apple Hospitality REIT, Inc."
• "Per share value is the closing price for the Company's common shares on the New York Stock Exchange on May 29, 2026."
• "The reporting person and his spouse are co-trustees and beneficiaries of the Trust."
• "Each Deferred Stock Unit is economically equivalent to one share of Common Stock."
• "Deferred Stock Units credited to the reporting person under the Apple Hospitality REIT, Inc. Amended and Restated Non-Employee Director Deferral Program (the "Deferral Plan"), under the Apple Hospitality REIT, Inc. 2024 Omnibus Incentive Plan, which includes voluntary deferred compensation."
• "The Deferred Stock Units credited under the Deferral Plan are generally payable in the form elected or provided under the Deferral Plan on the earlier of (i) the date or event elected by the reporting person, or (ii) upon death, disability or change in control as defined under the Deferral Plan."
• "Represents Deferred Stock Units granted pursuant to dividend equivalent rights on previously awarded Deferred Stock Units."

Industry Context

StockSavvy.ai notes that the issuance of equity as director compensation is a common practice across the Real Estate Investment Trust (REIT) sector, aligning board members' interests with those of shareholders and reflecting industry norms for executive and director remuneration.

Related Party Transactions

• The acquisition of common shares and Deferred Stock Units by Director Jon A. Fosheim represents a transaction with a related party (director compensation).

Stakeholder Impact

• Shareholders: The equity grant aligns director interests with shareholders, but the direct financial impact is minimal as it's part of compensation.
• Employees: No direct impact mentioned.
• Creditors: No direct impact mentioned.
• Suppliers/Customers: No direct impact mentioned.

Next Steps

• Deferred Stock Units are payable on the earlier of an elected date/event or upon death, disability, or change in control.
• Future dividend equivalent rights may be granted on existing Deferred Stock Units.

Key Dates

Keywords

Apple Hospitality REIT, APLE, Form 4, Director Compensation, Equity Grant, Deferred Stock Units, Beneficial Ownership, SEC Filing, Jon A. Fosheim