Form 4: Apple Hospitality REIT Director Hugh Redd Reports Stock Transactions

Director Hugh Redd reports acquisition and disposal of Apple Hospitality REIT common shares and deferred stock units on January 1, 2025.

Summary

• On January 1, 2025, Director Hugh Redd engaged in transactions involving Apple Hospitality REIT's common shares and deferred stock units.
• Redd acquired 8,031 common shares through the settlement of previously awarded deferred stock units under the company's Non-Employee Director Deferral Program.
• Additionally, Redd received 68 deferred stock units due to dividend equivalent rights on previously awarded units.
• The per share value for the common shares was $15.14, based on the closing price on the New York Stock Exchange on January 2, 2025.
• Following these transactions, Redd directly owns 134,254 common shares and 22,359 deferred stock units, and indirectly owns 30,390 deferred stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of common shares by a director could be interpreted as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors and officers.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Similar filings are made by directors and officers of comparable REITs like Host Hotels & Resorts (HST) and Park Hotels & Resorts (PK).

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.

Key Dates