Form 4: Apple Hospitality REIT Director Hugh Redd Reports Changes in Beneficial Ownership

Director Hugh Redd reports acquisition of deferred stock units and dividend equivalent rights, impacting his beneficial ownership in Apple Hospitality REIT.

Summary

• On February 28, 2025, Director Hugh Redd acquired 1,941 deferred stock units (DSUs) under the Apple Hospitality REIT, Inc. Amended and Restated Non-Employee Director Deferral Program, which is part of the 2024 Omnibus Incentive Plan.
• These DSUs are economically equivalent to one share of Common Stock.
• Additionally, 438 DSUs were granted pursuant to dividend equivalent rights on previously awarded DSUs.
• The price of the deferred stock units was $14.81.
• Following these transactions, Redd directly owns 135,254 common shares and 24,738 deferred stock units.
• The DSUs are generally payable on a date elected by the reporting person or upon death, disability, or change in control.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard disclosure of stock unit acquisition. It doesn't inherently indicate positive or negative performance, but rather provides transparency.

Positives

• The acquisition of deferred stock units by a director may signal confidence in the company's future performance.

Future Outlook

The deferred stock units are generally payable on a date elected by the reporting person or upon death, disability, or change in control, as defined under the Deferral Plan.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, which is common in publicly traded REITs. It provides transparency to investors regarding the holdings of key personnel.

Stakeholder Impact

• The change in beneficial ownership may be of interest to shareholders as it reflects the director's stake in the company.

Key Dates