Apple Hospitality (APLE) director granted 2,201 shares for board fees

Rhea-AI Filing Summary

Apple Hospitality REIT, Inc. (APLE) director Glenn W. Bunting Jr. received 2,201 common shares as the equity portion of his quarterly board retainer on 08/29/2025 at a per-share value of $13.06, based on that day's NYSE closing price. After this issuance, Mr. Bunting beneficially owned 64,627 shares directly and an additional 10,549 shares indirectly through his spouse.

This transaction reflects routine, non-cash compensation for board service and did not involve a sale or purchase for cash; the shares were issued as payment for director fees.

Positive

• Director compensation issued in equity, aligning board member incentives with shareholders
• Clear ownership disclosure: 64,627 shares held directly and 10,549 indirectly by spouse after issuance

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine equity compensation; modest ownership increase with limited market impact.

The 2,201-share issuance is a standard quarterly equity retainer for a director and represents compensation, not a market purchase. At $13.06 per share, the issuance increases the director's direct stake to 64,627 shares, which remains modest relative to a public REIT. This type of transaction is typically neutral for valuation and liquidity metrics and provides modest alignment between management and shareholders.

Corporate Governance Expert

TL;DR: Compensation in equity aligns director incentives; transaction is routine and non-material.

Issuing common shares as part of a quarterly retainer is a common governance practice to tie director interests to shareholder outcomes. The filing shows direct and indirect ownership disclosures, indicating proper reporting. There is no indication of accelerated vesting, option exercise, or other atypical terms in the record provided.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bunting Glenn W Jr

(Last) (First) (Middle)

814 EAST MAIN STREET

(Street)

RICHMOND VA 23219

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Apple Hospitality REIT, Inc. [ APLE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	08/29/2025		A(1)		2,201	A	$13.06(2)	64,627	D
Common Shares								10,549	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Quarterly payment of equity component of quarterly retainer fee for serving on the Board of Directors of Apple Hospitality REIT, Inc.

2. Per share value is the closing price for the Company's common shares on the New York Stock Exchange on August 29, 2025.

	/s/ Kelly C. Clarke, Attorney-in-fact	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did APLE director Glenn W. Bunting Jr. report on Form 4?

He received 2,201 common shares as the equity component of his quarterly board retainer.

At what price were the APLE shares valued for the reported transaction?

$13.06 per share, the Company's NYSE closing price on the transaction date (08/29/2025).

How many APLE shares does Glenn W. Bunting Jr. beneficially own after the issuance?

64,627 shares directly and 10,549 shares indirectly through his spouse.

Was the reported APLE transaction a cash purchase or compensation?

It was compensation: the shares were issued as the equity component of a quarterly retainer for board service.

Does the Form 4 indicate any sales or option exercises by the director?

No; the filing shows only an acquisition of common shares as compensation.