Form 4: Apple Hospitality REIT Director McGarvie Acquires Shares as Part of Board Retainer

Director Blythe J. McGarvie acquired 1,991 common shares of Apple Hospitality REIT as part of her quarterly board retainer and transferred shares to a trust.

Summary

• On May 31, 2024, Blythe J. McGarvie, a director of Apple Hospitality REIT, Inc., acquired 1,991 common shares as part of her quarterly retainer fee for serving on the Board.
• The shares were acquired at a price of $14.44 per share, which was the closing price on the New York Stock Exchange on that date.
• On the same day, Ms. McGarvie transferred 1,991 shares to a trust where she serves as both trustee and beneficiary.
• Following these transactions, Ms. McGarvie directly owns 15,935 common shares and indirectly owns 39,396 shares through the trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction disclosure. The director's share acquisition is a mildly positive signal, but it's part of a pre-determined compensation plan.

Positives

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

Industry Context

This filing is a routine disclosure of a director's share transactions, which is common in publicly traded companies. It provides transparency to investors regarding the ownership stake of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence.

Key Dates