Form 4: Apple Hospitality REIT Director Jon A. Fosheim Reports Changes in Beneficial Ownership

Director Jon A. Fosheim reports acquisition and disposal of Apple Hospitality REIT shares and deferred stock units.

Summary

• On May 31, 2024, Jon A. Fosheim, a director of Apple Hospitality REIT, Inc., reported changes in beneficial ownership.
• Fosheim acquired 1,991 common shares at a price of $14.44 per share as a quarterly payment of the equity component of his retainer fee for serving on the Board of Directors.
• He also acquired 475 deferred stock units due to dividend equivalent rights on previously awarded units.
• Additionally, he disposed of 48,751 common shares.
• Following these transactions, Fosheim directly owns 29,026 deferred stock units.
• These deferred stock units are payable based on elections under the Deferral Plan or upon death, disability, or change in control.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

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

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded REITs like Apple Hospitality REIT. It provides transparency to investors regarding the actions of key personnel.

Comparison to Industry Standards

• Director stock transactions are a common occurrence in publicly traded companies, including REITs.
• The reporting requirements under Section 16(a) of the Securities Exchange Act ensure transparency in insider trading activities.
• Companies like Host Hotels & Resorts (HST) and Park Hotels & Resorts (PK) also have similar insider transaction reporting requirements.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.
• The acquisition of shares by a director could be viewed positively by investors.

Key Dates