Form 4: Apple Hospitality REIT Executive Chairman Acquires Shares Through Incentive Plan

Glade M. Knight, Executive Chairman of Apple Hospitality REIT, acquired shares through the company's incentive plan, increasing his direct and indirect holdings.

Summary

• Glade M. Knight, Executive Chairman of Apple Hospitality REIT, acquired 33,036 unrestricted common shares at $14.48 per share and 15,318 restricted common shares at $0.00 per share on March 4, 2025.
• These shares were issued as settlement for amounts earned under the company's 2024 incentive plan.
• The restricted shares cannot vest until December 12, 2025.
• Following these transactions, Knight directly owns 690,344 common shares and indirectly owns 268,858 shares through his spouse and 9,837,031 shares through a closely held LLC.
• Knight disclaims beneficial ownership of the reported shares held in the closely held LLC to the extent the shares reported exceed his pecuniary interest in such shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The executive increasing their holdings is generally a positive sign, but it's part of a pre-existing plan.

Positives

• The acquisition of shares by the Executive Chairman demonstrates his continued investment in the company.
• The incentive plan appears to be functioning as intended, rewarding executives with company stock.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The increased ownership by the Executive Chairman could be viewed positively by shareholders.

Key Dates

Keywords

Apple Hospitality REIT, Glade M. Knight, Executive Chairman, share acquisition, incentive plan, Form 4, beneficial ownership, restricted shares, common shares