Form 4: Apple Hospitality REIT Executive Acquires and Disposes of Shares to Cover Tax Obligations

Jeanette Clarke, SVP and Chief Capital Investment Officer of Apple Hospitality REIT, reports acquiring and disposing of common shares on March 4, 2025, primarily related to the settlement of the 2024 incentive plan and tax obligations.

Summary

• On March 4, 2025, Jeanette Clarke, SVP and Chief Capital Investment Officer of Apple Hospitality REIT, engaged in transactions involving the company's common shares.
• Clarke acquired 29,715 unrestricted common shares at a price of $14.48 per share as settlement for amounts earned under the Company's 2024 incentive plan.
• She also acquired 13,778 restricted common shares as settlement for amounts earned under the Company's 2024 incentive plan; these shares cannot vest until December 12, 2025.
• Additionally, 13,401 common shares were surrendered to the Company to satisfy tax withholding obligations related to the issuance of unrestricted common shares, valued at $14.48 per share.
• Following these transactions, Clarke beneficially owns 185,166 common shares.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine transactions related to executive compensation and tax obligations. There are no explicit positive or negative implications for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It's typical for executives to receive stock as part of their compensation and to subsequently sell shares to cover tax obligations.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The transactions described are typical for executives receiving stock-based compensation.
• Similar filings can be observed for executives at comparable REITs like Host Hotels & Resorts (HST) and Park Hotels & Resorts (PK).

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
• The filing provides transparency regarding executive compensation and ownership.

Key Dates

Keywords

Apple Hospitality REIT, Jeanette Clarke, insider trading, Form 4, share transactions, executive compensation, restricted stock, tax withholding, incentive plan