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

Director Hugh Redd reports acquisition of deferred stock units and dividend equivalents in Apple Hospitality REIT, Inc.

Summary

• On February 29, 2024, Hugh Redd, a director of Apple Hospitality REIT, Inc., reported changes in beneficial ownership.
• Redd acquired 1,787 deferred stock units under the company's Non-Employee Director Deferral Program and 381 deferred stock units pursuant to dividend equivalent rights.
• The price of the deferred stock units is $16.09.
• Following these transactions, Redd directly owns 124,223 common shares and 23,321 deferred stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard regulatory filing reporting transactions by a company director. The acquisition of shares can be seen as a positive sign, but it's not a major event.

Positives

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

Future Outlook

The deferred stock units 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.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The report provides transparency to shareholders regarding insider transactions.

Key Dates