Form 4: Apple Hospitality REIT Executive Karen Gallagher Reports Stock Transactions

Karen Gallagher, SVP & Chief Operating Officer of Apple Hospitality REIT, reports acquisition and disposal of common shares related to the company's 2024 incentive plan and tax obligations.

Summary

• On March 4, 2025, Karen Gallagher, SVP & Chief Operating Officer of Apple Hospitality REIT, reported transactions involving the company's common shares.
• She acquired 65,295 unrestricted common shares at a price of $14.48 per share as settlement for the 2024 incentive plan.
• Additionally, she acquired 30,276 restricted common shares as settlement for the 2024 incentive plan, which will vest on December 12, 2025.
• Gallagher also disposed of 29,448 common shares at $14.48 per share to cover tax withholding obligations related to the issuance of unrestricted shares.
• Following these transactions, Gallagher beneficially owns 361,722 direct common shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports routine stock transactions related to executive compensation. There are no explicit positive or negative implications for the company's overall performance.

Positives

• The acquisition of shares indicates Gallagher's continued investment and alignment with the company's performance.

Negatives

• The disposal of shares to cover tax obligations, while standard, reduces the total number of shares held.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded REITs. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive compensation practices, including stock-based incentives, are common across the hospitality REIT sector.
• Companies like Host Hotels & Resorts and Park Hotels & Resorts also utilize stock options and restricted stock units as part of their executive compensation packages.
• The vesting schedules and performance metrics associated with these grants vary by company but generally aim to align executive interests with shareholder value.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Apple Hospitality REIT, Karen Gallagher, Form 4, Stock Transactions, Incentive Plan, Common Shares, Beneficial Ownership, Executive Compensation