Form 4: Apple Hospitality REIT Executive Sells Shares to Cover Tax Obligations

Rachel Labrecque, SVP & Chief Accounting Officer of Apple Hospitality REIT, sold 14,811 common shares to cover tax obligations related to vesting restricted shares.

Summary

• Rachel Labrecque, a Senior Vice President and Chief Accounting Officer at Apple Hospitality REIT, sold 14,811 common shares on December 13, 2024.
• The sale was executed at a price of $16.05 per share.
• This transaction was to satisfy tax withholding obligations related to the vesting of restricted common shares.
• Following the transaction, Ms. Labrecque directly owns 198,137.69 common shares and indirectly owns 2,074 shares through her spouse.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock vests.

Comparison to Industry Standards

• Similar transactions are common across publicly traded companies where executives receive stock-based compensation.
• Executives often sell shares to cover tax obligations when restricted stock vests, which is a standard practice.
• The sale of shares by an executive to cover tax obligations is a common occurrence and does not necessarily indicate a negative outlook on the company's performance.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Apple Hospitality REIT, insider trading, Form 4, share sale, tax obligations, Rachel Labrecque, APLE, executive compensation