Form 4: Apple Hospitality REIT SVP Elizabeth Perkins Reports Stock Transactions

Elizabeth Perkins, SVP & Chief Financial Officer of Apple Hospitality REIT, reports acquisition and disposal of common shares related to the company's 2024 incentive plan.

Summary

• Elizabeth Perkins, SVP & Chief Financial Officer of Apple Hospitality REIT, filed a Form 4 detailing changes in beneficial ownership.
• On March 4, 2025, Perkins acquired 70,056 unrestricted common shares at $14.48 per share as settlement for the 2024 incentive plan.
• She also acquired 32,484 restricted common shares as settlement for the 2024 incentive plan, which cannot vest until December 12, 2025.
• Additionally, 31,595 common shares were surrendered to cover tax withholding obligations related to the issuance of unrestricted shares.
• Following these transactions, Perkins beneficially owns 360,544 common shares.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine stock transactions related to executive compensation. No significant positive or negative implications are apparent.

Positives

• The acquisition of shares indicates confidence in the company's performance and future prospects.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Comparison to Industry Standards

• Similar filings are common among publicly traded REITs, such as Host Hotels & Resorts (HST) and Park Hotels & Resorts (PK), where executives often receive stock-based compensation.
• The vesting schedules and terms of incentive plans are generally aligned with industry practices to retain and incentivize key personnel.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily relate to executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Apple Hospitality REIT, Elizabeth Perkins, Beneficial Ownership, Common Shares, Incentive Plan, Stock Transactions