Form 4: Apple Hospitality REIT Director Jon A. Fosheim Reports Acquisition of Common Shares and Deferred Stock Units

Director Jon A. Fosheim reports acquiring 1,787 common shares and 505 deferred stock units of Apple Hospitality REIT, Inc.

Summary

• On February 29, 2024, Jon A. Fosheim, a director of Apple Hospitality REIT, Inc., acquired 1,787 common shares at a price of $16.09 per share.
• This acquisition was part of the quarterly payment of the equity component of his retainer fee for serving on the Board of Directors.
• Fosheim also acquired 505 deferred stock units due to dividend equivalent rights on previously awarded units.
• Following these transactions, Fosheim beneficially owns 46,760 common shares and 28,551 deferred stock units.
• The deferred stock units are payable under the Non-Employee Director Deferral Program, generally on the date elected by the reporting person or upon death, disability, or change in control.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing insider transactions. The director's acquisition of shares could be seen as slightly positive, but it's primarily an informational document.

Positives

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

Future Outlook

The document does not contain specific forward-looking statements, but it outlines the terms under which the deferred stock units will be paid out in the future.

Industry Context

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

Key Dates