Director at Apple Hospitality (NYSE: APLE) adds deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hugh Redd reported acquisition or exercise transactions in this Form 4 filing.
Apple Hospitality REIT, Inc. director Hugh Redd reported new deferred stock unit activity. He received a grant or award of 2,345 Deferred Stock Units at a reference price of $12.26 per unit, each economically equivalent to one share of common stock. An additional 475 Deferred Stock Units were credited pursuant to dividend equivalent rights on previously awarded units. After these transactions, Redd directly holds 27,069 Deferred Stock Units and 147,540 common shares, with the deferred units credited under the company’s Amended and Restated Non-Employee Director Deferral Program and generally payable at the time and form provided under the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hugh Redd
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 2,345 | $12.26 | $29K |
| Other | Deferred Stock Units | 475 | $12.26 | $6K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 26,594 shares (Direct);
Common Shares — 147,540 shares (Direct)
Footnotes (1)
- Each Deferred Stock Unit is economically equivalent to one share of Common Stock. Deferred Stock Units credited to the reporting person under the Apple Hospitality REIT, Inc. Amended and Restated Non-Employee Director Deferral Program (the "Deferral Plan"), under the Apple Hospitality REIT, Inc. 2024 Omnibus Incentive Plan, which includes voluntary deferred compensation. The Deferred Stock Units credited under the Deferral Plan are generally payable in the form elected or provided under the Deferral Plan on the earlier of (i) the date or event elected by the reporting person, or (ii) upon death, disability or change in control as defined under the Deferral Plan. Represents Deferred Stock Units granted pursuant to dividend equivalent rights on previously awarded Deferred Stock Units.
FAQ
What insider transactions did Hugh Redd report at Apple Hospitality REIT (APLE)?
Hugh Redd reported acquiring 2,345 Deferred Stock Units as a grant at $12.26 per unit, plus 475 additional units credited as dividend equivalents. These changes increase his deferred equity-based compensation tied to Apple Hospitality REIT common stock.
How many deferred stock units does Hugh Redd now hold in APLE?
Following the reported transactions, Hugh Redd directly holds 27,069 Deferred Stock Units. These units are economically equivalent to the same number of Apple Hospitality REIT common shares and are part of his compensation under the company’s non-employee director deferral program.
What are Deferred Stock Units in the Apple Hospitality REIT filing?
Deferred Stock Units in this filing are compensation instruments economically equivalent to one Apple Hospitality REIT common share each. They are credited under the company’s Non-Employee Director Deferral Program and are generally payable as elected under the plan or upon specified events such as death or disability.
How were the additional 475 Deferred Stock Units generated for Hugh Redd at APLE?
The 475 additional Deferred Stock Units reported for Hugh Redd were granted pursuant to dividend equivalent rights on previously awarded Deferred Stock Units. This means dividends that would have been paid on underlying shares are credited in the form of extra deferred units.
What does the Apple Hospitality REIT Non-Employee Director Deferral Program provide?
The Non-Employee Director Deferral Program allows directors to receive compensation as Deferred Stock Units, including voluntary deferred amounts. These units are generally payable in the form elected or provided under the plan on a chosen date, or upon death, disability, or a change in control.