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 August 30, 2024, Director Hugh Redd acquired 1,991 deferred stock units under the Apple Hospitality REIT, Inc. Amended and Restated Non-Employee Director Deferral Program, economically equivalent to common shares, at a price of $14.44.
• Additionally, Redd acquired 427 deferred stock units pursuant to dividend equivalent rights on previously awarded deferred stock units, also at $14.44.
• Following these transactions, Redd's direct ownership increased to 28,118 deferred stock units, in addition to 126,223 common shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as insider buying often reflects confidence in the company's prospects, but it's a routine transaction.

Positives

• The acquisition of deferred stock units and dividend equivalent rights by a director signals confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding insider ownership.

Key Dates