Form 4: Apple Hospitality REIT Executive Matthew Rash Reports Share Transactions

Matthew Rash, SVP & Chief Legal Officer at Apple Hospitality REIT, acquired 50 common shares and disposed of 14,811 shares to cover tax obligations on December 13, 2024.

Summary

• Matthew Rash, a Senior Vice President and Chief Legal Officer at Apple Hospitality REIT, engaged in transactions involving the company's common shares on December 13, 2024.
• He acquired 50 common shares at a price of $16.05 per share.
• Additionally, he disposed of 14,811 common shares at the same price of $16.05 per share to satisfy tax withholding obligations related to the vesting of restricted common shares.
• Following these transactions, Mr. Rash directly owns 204,088 common shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing insider transactions, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading activities.
• The transactions reported are typical for executives who receive stock-based compensation and need to cover tax obligations upon vesting.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Apple Hospitality REIT, APLE, Matthew Rash, share transactions, insider trading, Form 4, common shares, tax withholding, restricted shares