Form 4: Apple Hospitality REIT Executive Chairman Acquires 5,000 Shares

Glade M. Knight, Executive Chairman of Apple Hospitality REIT, purchased 5,000 common shares at $14.54 per share on February 27, 2025.

Summary

• On February 27, 2025, Glade M. Knight, the Executive Chairman of Apple Hospitality REIT, acquired 5,000 common shares of the company.
• The shares were purchased at a price of $14.54 per share.
• Following the transaction, Knight directly owns 641,990 common shares.
• Knight also indirectly owns 268,858 shares through his spouse and 9,837,031 shares through a closely held LLC.
• The reporting person disclaims beneficial ownership of the reported shares to the extent the shares reported exceed the reporting person's pecuniary interest in such shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. An insider purchase is generally viewed favorably, but the size of the purchase is relatively small compared to Knight's existing holdings.

Positives

• The Executive Chairman's purchase of shares could be interpreted as a positive signal about his confidence in the company's future prospects.

Industry Context

Insider transactions are closely watched as they can provide insights into management's perspective on the company's valuation and future performance. Purchases are generally seen as a positive sign.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates