Form 4: Apple Hospitality REIT Director McGarvie Reports Share Acquisition and Trust Transfer
SEC Form 4 Filing
Director Blythe J. McGarvie reports acquisition of shares as part of a quarterly retainer and a transfer of shares to a trust.
Summary
- On February 29, 2024, Blythe J. McGarvie, a director of Apple Hospitality REIT, Inc., acquired 1,787 common shares as part of her quarterly retainer fee.
- The shares were valued at $16.09 each, which was the closing price on the New York Stock Exchange on that date.
- Also on February 29, 2024, Ms. McGarvie transferred 1,787 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 37,405 shares through the trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for directors of publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of share acquisition and transfer to trust |
| 03/04/2024 | Date of signature on the Form 4 filing |
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